Vedanta Resources PLC Director/PDMR Shareholding (6596Y)

TIDMVED

RNS Number : 6596Y

Vedanta Resources PLC

18 May 2016

Vedanta Resources plc

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 3.1.4 R (1) (a), 
                                              (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) 
----  ------------------------------  ----  ------------------------------ 
 
 3.    Name of persons discharging           State whether notification 
        managerial                            relates to a person 
        responsibilities/director             connected with a person 
        Ponnuswamy Ramnath                    discharging managerial 
                                              responsibilities/director 
                                              named in 3 and identify 
                                              the connected person 
 
                                              N/A 
----  ------------------------------  ----  ------------------------------ 
 
       Indicate whether the 
        notification is in 
        respect of a holding                 Description of shares 
        of the person referred                (including class), 
        to in 3 or 4 above                    debentures or derivatives 
        or in respect of a                    or financial instruments 
        non-beneficial interest               relating to shares 
        1 
                                              ORDINARY SHARES OF 
 5.     3 ABOVE                        6.     $0.10 EACH 
----  ------------------------------  ----  ------------------------------ 
 
                                                  State the nature of 
                                                   the transaction 
 
                                                   (1) PART EXERCISE 
                                                   OF OPTIONS UNDER THE 
                                                   VEDANTA 2013 ESOP 
                                                   & PART DISPOSAL OF 
                                                   SHARES TO COVER TAX 
       Name of registered                          LIABILITY 
        shareholders(s) and, 
        if more than one,                          (2) PART EXERCISE 
        the number of shares                       OF OPTIONS UNDER THE 
        held by each of them                       VEDANTA 2011 PSP & 
                                                   PART DISPOSAL OF SHARES 
 7.     WEALTH NOMINEES LIMITED        8.          TO COVER TAX LIABILITY 
----  ------------------------------  ----  ------------------------------ 
 
            Number of shares, 
             debentures or financial 
             instruments relating 
             to shares acquired 
             (1) 3,600 OPTIONS 
             WERE EXERCISED AND 
             FOLLOWING THE PART 
             DISPOSAL TO COVER 
             THE TAX LIABILITY, 
             2,544 SHARES WERE 
             ACQUIRED 
                                             Percentage of issued 
             (2) 3,200 OPTIONS                class acquired (treasury 
             WERE EXERCISED AND               shares of that class 
             FOLLOWING THE PART               should not be taken 
             DISPOSAL TO COVER                into account when 
             THE TAX LIABILITY,               calculating percentage) 
             2,260 SHARES WERE 
 9.          ACQUIRED                  10.    NEGLIGIBLE 
----  ------------------------------  ----  ------------------------------ 
 
            Number of shares, 
             debentures or financial         Percentage of issued 
             instruments relating             class disposed (treasury 
             to shares disposed               shares of that class 
             (1) 1,056 SHARES SOLD            should not be taken 
             TO COVER TAX LIABILITY           into account when 
                                              calculating percentage) 
             (2) 940 SHARES SOLD 
 11.         TO COVER TAX LIABILITY    12.    NEGLIGIBLE 
----  ------------------------------  ----  ------------------------------ 
 
       Price per share or 
        value of transaction                 Date and place of 
                                              transaction 
        SALE PRICE OF GBP3.88 
 13.    PER SHARE                      14.    18 MAY 2016, LONDON 
----  ------------------------------  ----  ------------------------------ 
 
       Total holding following 
        notification and total 
        percentage holding 
        following notification 
        (any treasury shares 
        should not be taken 
        into account when                    Date issuer informed 
        calculating percentage)               of transaction 
 
 15.    NEGLIGIBLE                     16.    18 MAY 2016 
----  ------------------------------  ----  ------------------------------ 
 
 
 Name of authorised official of issuer responsible 
  for making notification 
 
  DEEPAK KUMAR, COMPANY SECRETARY 
 
  Date of notification: 18 MAY 2016 
-------------------------------------------------- 
 

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May 18, 2016 12:36 ET (16:36 GMT)