Vedanta Resources PLC Director/PDMR Shareholding (1461D)

TIDMVED

RNS Number : 1461D

Vedanta Resources PLC

24 April 2017

Vedanta Resources plc

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 (being a PDMR) 
---  ------------------------------  -------------------------------------------------------------------- 
 2    Reasons for the Notification 
---  ---------------------------------------------------------------------------------------------------- 
 a)   Position                        Notification relates to a PCA 
       / status                        of Anil Agarwal, VOLCAN INVESTMENTS 
                                       LIMITED 
---  ------------------------------  -------------------------------------------------------------------- 
 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 (the "COMPANY") 
---  ------------------------------  -------------------------------------------------------------------- 
 b    LEI                             2138007MYEKPEAZQTW83 
---  ------------------------------  -------------------------------------------------------------------- 
 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 
       of the financial                      *    Vedanta Resources plc ordinary shares of US$0.10 each 
       instrument                                 ISIN: GB0033277061 
---  ------------------------------  -------------------------------------------------------------------- 
 b)   Nature of                       ON 20 APRIL 2017 , PURSUANT TO 
       the transaction                 A FINANCING ARRANGEMENT WITH 
                                       J.P. MORGAN, LONDON ('J.P. MORGAN') 
                                       ENTERED INTO ON 15 MARCH 2017, 
                                       VOLCAN INVESTMENTS LIMITED ('VOLCAN') 
                                       GRANTED SECURITY OVER 8,775,000 
                                       ORDINARY SHARES IN THE CAPITAL 
                                       OF THE COMPANY (REPRESENTING 
                                       3.25 PER CENT OF THE ORDINARY 
                                       SHARES IN THE CAPITAL OF THE 
                                       COMPANY, EXCLUDING SHARES HELD 
                                       IN TREASURY (INCLUDING THOSE 
                                       SHARES HELD BY GOREY INVESTMENTS 
                                       LIMITED) AND SHARES HELD THROUGH 
                                       A GLOBAL DEPOSITARY RECEIPT (WHICH, 
                                       AS A RESULT, CARRY NO VOTING 
                                       RIGHTS)) ('THE SHARES') IN FAVOUR 
                                       OF J.P. MORGAN. 
                                       THE ARRANGEMENT PERMITS VOLCAN 
                                       TO CONTINUE TO PROVIDE INSTRUCTIONS 
                                       IN RELATION TO THE VOTING RIGHTS 
                                       ATTACHING TO THE SHARES, SUBJECT 
                                       TO CUSTOMARY EXCEPTIONS. 
---  ------------------------------  -------------------------------------------------------------------- 
 c)   Currency                        N/A 
---  ------------------------------  -------------------------------------------------------------------- 
 d)   Price(s)                          VEDANTA RESOURCES PLC 
       and volume(s)                      ORD USD0.10 ISIN: GB0033277061    8,775,000 
                                        ---------------------------------  ---------- 
---  ------------------------------  ------------------------------------------------------------------ 
 e)        Aggregated 
            information 
             *    Aggregated volume     N/A 
 
 
             *    Price 
---  ------------------------------  -------------------------------------------------------------------- 
 f)   Date of the                     20 April 2017 
       transaction 
---  ------------------------------  -------------------------------------------------------------------- 
 g)   Place of                        N/A 
       the transaction 
---  ------------------------------  -------------------------------------------------------------------- 
 Name of authorised official of issuer responsible 
  for making notification 
 
  DEEPAK KUMAR, COMPANY SECRETARY 
 
  Date of notification: 24 April 2017 
------------------------------------------------------------------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHUSUURBOASUAR

(END) Dow Jones Newswires

April 24, 2017 08:27 ET (12:27 GMT)