Vedanta Resources PLC Director/PDMR Shareholding (0248B)

TIDMVED

RNS Number : 0248B

Vedanta Resources PLC

17 September 2018

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 / status              Notification relates to a PCA 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                    Vedanta Resources plc ordinary shares 
       of the financial               of US$0.10 each ISIN: GB0033277061 
       instrument 
     -----------------------------  -------------------------------------------------------------------------------------------------------------- 
 b)   Nature of the                  On 11 - 14 September 2018 (inclusive), 
       transaction                    pursuant to a financing arrangement with 
                                      Standard Chartered Bank and Credit Suisse 
                                      AG, Singapore Branch entered into on 11 
                                      September 2018, and following the release 
                                      of a security previously granted to J.P 
                                      Morgan over 84,500,000 ordinary shares 
                                      in the capital of the company (representing 
                                      30.0 per cent of the issued ordinary shares 
                                      in the capital of the company), Volcan 
                                      Investments Limited ('Volcan) granted 
                                      security over 270,770,175 ordinary shares 
                                      in the capital of the company (representing 
                                      96.05 per cent of the issued ordinary 
                                      shares in the capital of the company). 
     -----------------------------  -------------------------------------------------------------------------------------------------------------- 
 c)   Currency                       GBP 
     -----------------------------  -------------------------------------------------------------------------------------------------------------- 
 d)   Price(s) and                     VEDANTA RESOURCES PLC ORD 
       volume(s)                         USD0.10 ISIN: GB0033277061    270,770,175 
 
 
                                       Price - GBP0 
     -----------------------------  ----------------------------------------------  -------------------------------------------------------------- 
 e)        Aggregated information 
            *    Aggregated volume 
                                       270,770,175 
                                       GBP0 
            *    Price 
     -----------------------------  -------------------------------------------------------------------------------------------------------------- 
 f)   Date of the                    11 - 14 September 2018 (inclusive) 
       transaction 
     -----------------------------  -------------------------------------------------------------------------------------------------------------- 
 g)   Place of the                   Outside a trading venue 
       transaction 
     -----------------------------  -------------------------------------------------------------------------------------------------------------- 
 Name of authorised official of issuer responsible for making 
  notification 
 
  DEEPAK KUMAR, COMPANY SECRETARY 
 
  Date of notification: 17 September 2018 
 
 

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September 17, 2018 11:53 ET (15:53 GMT)