Vedanta Resources PLC Director/PDMR shareholding (2773R)

TIDMVED

RNS Number : 2773R

Vedanta Resources PLC

25 June 2015

Vedanta Resources plc

25 June 2015

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 
       Name of the issuer                    the Companies Act 
                                             (2006). 
        VEDANTA RESOURCES 
 1.     PLC                           2.     (i) 
----  -----------------------------  ----  ---------------------------- 
 
                                            State whether notification 
                                             relates to a person 
                                             connected with a person 
                                             discharging managerial 
                                             responsibilities/director 
                                             named in 3 and identify 
       Name of person discharging            the connected person 
        managerial 
        responsibilities/director            YES. THE NOTIFICATION 
                                             RELATES TO VOLCAN 
 3.     A K AGARWAL                   4.     INVESTMENTS LIMITED 
----  -----------------------------  ----  ---------------------------- 
 
       Indicate whether the 
        notification is in 
        respect of a holding 
        of the person referred 
        to in 3 or 4 above                  Description of shares 
        or in respect of a                   (including class), 
        non-beneficial interest              debentures or derivatives 
                                             or financial instruments 
        DISCLOSURE RELATES                   relating to shares 
        TO A HOLDING OF THE 
        PERSON NAMED IN BOX                  ORDINARY SHARES OF 
 5.     4 ABOVE.                      6.     $0.10 EACH 
----  -----------------------------  ----  ---------------------------- 
 
                                            State the nature of 
                                             the transaction 
 
                                             ON 25 JUNE 2015, PURSUANT 
                                             TO A FINANCING ARRANGEMENT 
                                             WITH BANK OF AMERICA 
                                             NA, LONDON BRANCH 
                                             ("BAML"), BAML RELEASED 
                                             A SECURITY GRANTED 
                                             OVER 3,636,932 ORDINARY 
                                             SHARES (REPRESENTING 
                                             1.35 PER CENT OF THE 
                                             ORDINARY SHARES IN 
                                             THE CAPITAL OF THE 
                                             COMPANY, EXCLUDING 
                                             SHARES HELD IN TREASURY) 
                                             (THE "SHARES"). 
 
       Name of registered                    THE ARRANGEMENT INVOLVES 
        shareholders(s) and,                 THE TRANSFER OF THE 
        if more than one,                    SHARES OUT OF BANK 
        the number of shares                 OF AMERICA AS CUSTODIAN 
        held by each of them                 FOR VOLCAN INVESTMENTS 
        VOLCAN INVESTMENTS                   LIMITED FOR SECURITY 
 7.     LIMITED                       8.     PROVIDED BY VOLCAN. 
----  -----------------------------  ----  ---------------------------- 
 
                                            Percentage of issued 
                                             class acquired (treasury 
       Number of shares,                     shares of that class 
        debentures or financial              should not be taken 
        instruments relating                 into account when 
        to shares acquired                   calculating percentage) 
 
 9.     N/A                           10.    N/A 
----  -----------------------------  ----  ---------------------------- 
 
                                            Percentage of issued 
                                             class disposed (treasury 
       Number of shares,                     shares of that class 
        debentures or financial              should not be taken 
        instruments relating                 into account when 
        to shares disposed                   calculating percentage) 
 
 11.    N/A                           12.    N/A 
----  -----------------------------  ----  ---------------------------- 
 
       Price per share or                   Date and place of 
        value of transaction                 transaction 
 
 13.    N/A                           14.    25 June 2015, 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.    - 69.71%                      16.    25 JUNE 2015 
----  -----------------------------  ----  ---------------------------- 
 
 
 Name of authorised official of issuer responsible 
  for making notification 
  DEEPAK KUMAR, COMPANY SECRETARY 
  Date of notification: 25 JUNE 2015 
-------------------------------------------------- 
 

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