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VED Vedanta

832.60
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Vedanta LSE:VED London Ordinary Share GB0033277061 ORD USD0.10
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 832.60 834.80 835.80 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Vedanta Resources PLC Director/PDMR Shareholding (3759Y)

28/11/2014 4:21pm

UK Regulatory


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TIDMVED

RNS Number : 3759Y

Vedanta Resources PLC

28 November 2014

Vedanta Resources plc

28 November 2014

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

 
                                                  State whether the notification 
                                                   relates to (i) a 
                                                   transaction notified in 
                                                   accordance with DTR 3.1.2 
                                                   R, 
                                                   (ii) a disclosure made in 
                                                   accordance 
                                                   LR 9.8.6R(1) or 
                                                   (iii) a disclosure made 
                                                   in accordance with section 
                                                   793 of the Companies Act 
       Name of the issuer                          (2006). 
 
 1.     VEDANTA RESOURCES PLC               2.     (i) 
 
 3.    Name of person discharging           4.    State whether notification 
        managerial                                 relates to a person 
        responsibilities/director                  connected with a person 
                                                   discharging managerial responsibilities/director 
        A K AGARWAL                                named in 3 and identify 
                                                   the connected person 
 
                                                   YES. THE NOTIFICATION RELATES 
                                                   TO VOLCAN INVESTMENTS LIMITED 
      -----------------------------------  ----  -------------------------------------------------- 
 
       Indicate whether the notification 
        is in respect of a holding 
        of the person referred to                 Description of shares (including 
        in 3 or 4 above or in respect              class), debentures or derivatives 
        of a non-beneficial interest               or financial instruments 
                                                   relating to shares 
        DISCLOSURE RELATES TO A 
        HOLDING OF THE PERSON NAMED                ORDINARY SHARES OF $0.10 
 5.     IN BOX 4 ABOVE.                     6.     EACH 
      -----------------------------------  ----  -------------------------------------------------- 
 
                                                  State the nature of the 
                                                   transaction 
 
                                                   ON 27 NOVEMBER 2014, PURSUANT 
                                                   TO A FINANCING ARRANGEMENT 
                                                   WITH BANK OF AMERICA NA, 
                                                   LONDON BRANCH ("BAML") VOLCAN 
                                                   INVESTMENTS LIMITED ("VOLCAN") 
                                                   GRANTED SECURITY OVER 5,151,500 
                                                   ORDINARY SHARES IN THE CAPITAL 
                                                   OF THE COMPANY (REPRESENTING 
                                                   1.91 PER CENT OF THE ORDINARY 
                                                   SHARES IN THE CAPITAL OF 
                                                   THE COMPANY, EXCLUDING SHARES 
                                                   HELD IN TREASURY) ( THE 
                                                   "SHARES") IN FAVOUR OF BAML. 
                                                   THE ARRANGEMENT INVOLVES 
                                                   THE TRANSFER OF THE SHARES 
                                                   TO MERRILL LYNCH INTERNATIONAL 
                                                   ("MLI") AS CUSTODIAN FOR 
                                                   VOLCAN WITH SECURITY PROVIDED 
                                                   BY VOLCAN OVER ITS CUSTODY 
                                                   ACCOUNT WITH MLI IN FAVOUR 
                                                   OF BAML. THE SECURITY EXTENDS 
                                                   TO DIVIDENDS AND NON-CASH 
                                                   DISTRIBUTIONS PAID OR PAYABLE 
                                                   IN RESPECT OF THE SHARES 
                                                   AND ALL PROPERTY AND OTHER 
                                                   RIGHTS DERIVING FROM OR 
                                                   IN RESPECT OF THE SHARES. 
 
                                                   THE ARRANGEMENT PERMITS 
       Name of registered shareholders(s)          VOLCAN TO CONTINUE TO PROVIDE 
        and, if more than one, the                 INSTRUCTIONS TO MLI IN RELATION 
        number of shares held by                   TO THE VOTING RIGHTS ATTACHING 
        each of them                               TO THE SHARES, SUBJECT TO 
 7.     VOLCAN INVESTMENTS LIMITED          8.     CUSTOMARY EXCEPTIONS. 
      -----------------------------------  ----  -------------------------------------------------- 
 
                                                  Percentage of issued class 
       Number of shares, debentures                acquired (treasury shares 
        or financial                               of that class should not 
        instruments relating to                    be taken into account when 
        shares acquired                            calculating percentage) 
 
 9.     N/A                                 10.    N/A 
      -----------------------------------  ----  -------------------------------------------------- 
 
                                                  Percentage of issued class 
       Number of shares, debentures                disposed (treasury shares 
        or financial                               of that class should not 
        instruments relating to                    be taken into account when 
        shares disposed                            calculating percentage) 
 
 11.    N/A                                 12.    N/A 
      -----------------------------------  ----  -------------------------------------------------- 
 
       Price per share or value 
        of transaction                            Date and place of transaction 
 
 13.    N/A                                 14.    27 NOVEMBER 2014, LONDON 
      -----------------------------------  ----  -------------------------------------------------- 
 
       Total holding following 
        notification and total percentage 
        holding following notification 
        (any treasury shares should 
        not be taken into account 
        when calculating percentage)              Date issuer informed of 
                                                   transaction 
        TOTAL HOLDING - 187,488,102 
 15.    - 69.87%                            16.    28 NOVEMBER 2014 
      -----------------------------------  ----  -------------------------------------------------- 
 
 
 Name of authorised official of issuer responsible for 
  making notification 
  DEEPAK KUMAR, COMPANY SECRETARY 
  Date of notification: 28 NOVEMBER 2014 
 

END

This information is provided by RNS

The company news service from the London Stock Exchange

END

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