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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Vedanta | VED | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 832.60 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 832.60 | 832.60 |
| Top Posts |
|---|
Posted at 28/8/2018 08:32 by bonkers3 Responses from VED investor relations and Volcan -Q.Please advise that if I reject the offer of 10.89 USD per share and the company does get delisted and my shares are automatically bought, what date’s USD:GBP exchange rate will be used to settle? For example, will it be the exchange rate at the time of “compulsory purchase”, or that on 31 August or that back when the offer was made in July? A.Further to your query below, please note that the currency election is not available to any shareholders who might be subject to compulsory squeeze out arrangements (e.g. shareholders who do not accept the offer), and all such shareholders shall be paid USD consideration by cheque issued by Computershare. Q.Is there publicly available collated company information on which institution shareholders have agreed to the offer? And their percentage holding? A. In relation to your query, I’m afraid the number of shareholders who have agreed to the Offer nor their percentage holding is publicly available. Volcan Investments stated that they hold 187,488,102 Vedanta Shares, representing approximately 66.52 per cent. of the issued share capital of Vedanta Resources, as per the Offer Document as of 31 July 2018 (Page 57, Section 3.2, Paragraph (i) of the Offer Document). It is also stated that Volcan will make an appropriate announcement in the business day or next following day on which the Offer is due to expire or becomes unconditional or is revised or extended. Such announcement will state prominently the total numbers of Vedanta Shares which Volcan Investments may count towards the satisfaction of the Acceptance Condition and will specify the percentages of each class of securities represented by these figures. For more information, please refer to Page 30, Section 2, Paragraph (a) of the Offer Document, which you can find in On a final note and as a reminder, please note that: - First Closing Date to accept the Offer is on 31 August 2018 at 1.00 p.m. - Recommendation: The Independent Committee, who have been so advised by Lazard as to the financial terms of the Offer, consider the terms of the Offer to be fair and reasonable so far as the Independent Vedanta Shareholders are concerned. In providing advice to the Independent Committee, Lazard has taken into account the commercial assessments of the Independent Committee. Accordingly, the Independent Committee unanimously recommend that Independent Vedanta Shareholders accept the Offer. Does anyone have news of any significant shareholders rejecting the offer? |
Posted at 24/8/2018 18:12 by killieboy Any fellow investors know when the pay out is for those of us who accepted the £8.25? |
Posted at 15/8/2018 17:10 by smurfy2001 @Bonkers3 - I'd email investor relations and ask them directly.On a side note, looking at the shares prices of AAL and KAZ recently i'm counting myself lucky to make a decent return here. Using the offer $10.89 appears to be hovering @ GBP 857p |
Posted at 31/7/2018 15:08 by the original goldbug Well you’ve got 65% already. 5-7% from Luxembourg, Standard Life with 6-7%. That’s nearly 80%.Then you need to assume that another 5%+ is in the hands of the arbs from the last month’s trading. How much do they need to get it through 90%? Given it’s already 85% it’s just too risky for remaining instos to vote against it. Retail is probably 2% if that. You have to assume they have spoken to a few other large investors too. I just don’t see how the vote can work against them... |
Posted at 31/7/2018 14:23 by the original goldbug I’m afraid it’s a done deal chaps whether you protest or not.Enough institutional shareholders will vote this through and also most of you are not aware but there are a large slug of non voting shares quoted on the Luxembourg exchange which account for an additional 7% or so. A very different dynamic from Cairn which was almost entirely in the hands of ‘sensible̵ |
Posted at 30/5/2018 23:09 by salver2 I think vedanta debt is completely overblown on this year’s earnings 8.5 billion debt on a company whose ebitda is over 4 .5 billion dollars is nothing really - I remember buying barratts six years back with hopeless financial commentators blathering on about their debt even when they had none ! You’ve only got to read the rubbish that is written in last weeks investors chronicle to realise most people don’t have a clue - this babies on a next year’s Pe of 4.5 and about a 7 percent yield - ignore the misinformed noise ! |
Posted at 23/5/2018 23:41 by cumnor This is why Ved is stuck at £5-8 while everything else has risen over last year. Too much political baggage in India and a complex ownership model. Ved (which part, which company) seems to be doing well, but big investors-bitten by the likes of ENRC in the past, are wary of country risk and lots of equity in single owners hands. Agarawal's interest in AAL doesn't inspire confidence. imo |
Posted at 29/3/2018 15:29 by smurfy2001 :(Update on Iron Ore Goa The Company reviews the carrying value of its assets at each reporting period end considering market developments such as long term commodity price assumptions, regulatory changes and other developments. In light of the Supreme Court of India judgement dated February 07, 2018 wherein the Court has directed that effective March 16, 2018 all mining operations in the state of Goa are to be stopped, the Company wishes to inform its investors that there could be a likely impairment of US$ 500 million to US$ 600 million net of taxes (US$ 700 million to US$ 800 million gross of taxes) on this account. This is mainly related to mining reserve and would be reflected in the results for FY 2017-18. Impairment is non-cash accounting item. Further, the closure of Group's iron ore business in Goa would not have any material impact on the Group's profitability. |
Posted at 22/3/2018 15:18 by smurfy2001 Trump’s Plan to Impose Stiff Tariffs on China Rattles Investors |
Posted at 16/3/2018 09:11 by cumnor Smurfy-translate if you can please but it's corporate structure (which makes investors wary) is so complex I'm not sure if we get to see it. |
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