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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 (6037J)

12/09/2016 4:15pm

UK Regulatory


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TIDMVED

RNS Number : 6037J

Vedanta Resources PLC

12 September 2016

VEDANTA RESOURCES PLC

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons- Grant of Forfeitable Shares Awards

This notification is made in accordance with Market Abuse Regulation 19 (3)

On 12 September 2016, Mr Anil Agarwal and Mr Navin Agarwal were granted forfeitable share awards over ordinary shares of US$0.10 each in Vedanta Resources plc (the "Company") under the Vedanta Resources Deferred Share Bonus Plan 2015, as follows

 
  Name of PDMR    Number of Shares granted under Forfeitable Shares Awards 
---------------  --------------------------------------------------------- 
  Anil Agarwal                            119,084 
---------------  --------------------------------------------------------- 
 Navin Agarwal                             57,697 
---------------  --------------------------------------------------------- 
 

No consideration has been paid for the grant of the awards of forfeitable shares.

The awards were granted in respect of annual bonuses earned for the Financial Year ended 31 March 2016.

Subject to the executive continuing to be a director or employee in the Vedanta Resources Plc group of companies, the shares held under the forfeitable shares awards shall normally cease to be subject to restrictions and at risk of forfeiture ("vest") on the dates and over the proportions of shares set out below.

(a) Awards to Mr Anil Agarwal shall normally vest over the proportions of shares and on the dates set out below:

   1.    40% of the total number of shares held shall vest on 19 May 2017 
   2.    30% of the total number of shares held shall vest on 19  May 2018; and 
   3.    30% of the total number of shares held shall vest on 19 May 2019; and 

(b) Awards to Mr Navin Agarwal shall normally vest over the proportions of shares and on the dates set out below:

   1.    40% of the total number of shares held shall vest on 1 September 2017; 
   2.    30% of the total number of shares held shall vest on 1 September 2018 ; and 
   3.    30% of the total number of shares held shall vest on 1 September 2019. 

The forfeitable shares will be held by and on behalf of the executive by Sanne Fiduciary Services Limited, acting as the executive's nominee (the "Nominee"). On vesting, the Nominee will transfer legal ownership of the shares to the executive.

The number of shares over which awards were granted was calculated by reference to, in the case of Mr Anil Agarwal, the average closing price of a share over the five dealing days immediately prior to the payment of his cash bonus on 19 May 2016 and, in the case of the shares awarded to Mr Navin Agarwal, the average closing price of a share over the five dealing days immediately before the date of payment of his cash bonus on 1 September 2016

Notification and public disclosure of transactions by persons discharging managerial Responsibilities and persons closely associated with them

 
 1.   Details of PDMR / person closely associated 
       with them ("PCA") 
---  ------------------------------------------------------------------- 
 a)   Name                            Anil Agarwal 
---  ------------------------------  ----------------------------------- 
 2    Reasons for the Notification 
---  ------------------------------------------------------------------- 
 a)   Position                        Executive Chairman 
       / status 
---  ------------------------------  ----------------------------------- 
 b)   Initial notification            Initial Notification 
       / amendment 
---  ------------------------------  ----------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, 
       auctioneer or auction monitor 
---  ------------------------------------------------------------------- 
 a    Name                            Vedanta Resources plc ("Vedanta") 
---  ------------------------------  ----------------------------------- 
 b    LEI                             N/A 
---  ------------------------------  ----------------------------------- 
 4.   Details of the transaction(s): section 
       to be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  ------------------------------------------------------------------- 
 a)   Description                     Vedanta Ordinary Shares of US$0.10 
       of the financial                each 
       instrument                      ISIN:GB0033277061 
---  ------------------------------  ----------------------------------- 
 b)   Nature of                       Grant of Forfeitable share awards 
       the transaction                 over Ordinary Shares of US$0.10 
                                       under the Vedanta Resources 
                                       Deferred Share Bonus Plan 2015 
---  ------------------------------  ----------------------------------- 
 c)   Currency                        GBP - British Pound 
---  ------------------------------  ----------------------------------- 
 d)   Price(s)                         Price(s)   Volume(s) 
       and volume(s)                   ---------  ---------- 
                                        0.00       119,084 
                                       ---------  ---------- 
---  ------------------------------  ----------------------------------- 
 e)        Aggregated 
            information 
             *    Aggregated volume     Single Transaction 
 
 
             *    Price 
---  ------------------------------  ----------------------------------- 
 f)   Date of the                     2016.09.12 
       transaction 
---  ------------------------------  ----------------------------------- 
 g)   Place of                        London Stock Exchange (XLON) 
       the transaction                 (Main Market) 
---  ------------------------------  ----------------------------------- 
 Name of authorised official of issuer responsible 
  for making notification 
 
  DEEPAK KUMAR, COMPANY SECRETARY 
 
  Date of notification: 12 September 2016 
------------------------------------------------------------------------ 
 

Notification and public disclosure of transactions by persons discharging managerial Responsibilities and persons closely associated with them

 
 1.   Details of PDMR / person closely associated 
       with them ("PCA") 
---  ------------------------------------------------------------------- 
 a)   Name                            Navin Agarwal 
---  ------------------------------  ----------------------------------- 
 2    Reasons for the Notification 
---  ------------------------------------------------------------------- 
 a)   Position                        Vice Chairman 
       / status 
---  ------------------------------  ----------------------------------- 
 b)   Initial notification            Initial Notification 
       / amendment 
---  ------------------------------  ----------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, 
       auctioneer or auction monitor 
---  ------------------------------------------------------------------- 
 a    Name                            Vedanta Resources plc ("Vedanta") 
---  ------------------------------  ----------------------------------- 
 b    LEI                             N/A 
---  ------------------------------  ----------------------------------- 
 4.   Details of the transaction(s): section 
       to be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) 
       each date; and (iv) each place where 
       transactions have been conducted 
---  ------------------------------------------------------------------- 
 a)   Description                     Vedanta Ordinary Shares of US$0.10 
       of the financial                each 
       instrument                      ISIN:GB0033277061 
---  ------------------------------  ----------------------------------- 
 b)   Nature of                       Grant of Forfeitable share awards 
       the transaction                 over Ordinary Shares of US$0.10 
                                       under the Vedanta Resources 
                                       Deferred Share Bonus Plan 2015 
---  ------------------------------  ----------------------------------- 
 c)   Currency                        GBP - British Pound 
---  ------------------------------  ----------------------------------- 
 d)   Price(s)                         Price(s)   Volume(s) 
       and volume(s)                   ---------  ---------- 
                                        0.00       57,697 
                                       ---------  ---------- 
---  ------------------------------  ----------------------------------- 
 e)        Aggregated 
            information 
             *    Aggregated volume     Single Transaction 
 
 
             *    Price 
---  ------------------------------  ----------------------------------- 
 f)   Date of the                     2016.09.12 
       transaction 
---  ------------------------------  ----------------------------------- 
 g)   Place of                        London Stock Exchange (XLON) 
       the transaction                 (Main Market) 
---  ------------------------------  ----------------------------------- 
 Name of authorised official of issuer responsible 
  for making notification 
 
  DEEPAK KUMAR, COMPANY SECRETARY 
 
  Date of notification: 12 September 2016 
-------------------------------------------------------------------------- 
 

For any queries in respect of the above, please contact:

Vedanta Resources plc

Tel: 020 7459 5900

Deepak Kumar, Company Secretary

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHUUAVRNOAKAAR

(END) Dow Jones Newswires

September 12, 2016 11:15 ET (15:15 GMT)

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