Level 2

Company Announcements

Director/PDMR Shareholding

Related Companies

RNS Number : 5235G
Vedanta Resources PLC
04 March 2015
 



Vedanta Resources plc

 

4 March 2015 

 

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

1.

Name of the issuer

 

VEDANTA RESOURCES PLC

2.

State whether the notification relates to (i) a

transaction notified in accordance with DTR 3.1.2 R,

(ii) a disclosure made in accordance

LR 9.8.6R(1) or

(iii) a disclosure made in accordance with section 793 of the Companies Act (2006).

 

(i)





3.

Name of person discharging managerial

responsibilities/director

 

A K AGARWAL

4.

State whether notification relates to a person

connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

 

YES. THE NOTIFICATION RELATES TO VOLCAN INVESTMENTS LIMITED

 





5.

Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest

 

DISCLOSURE RELATES TO A HOLDING OF THE PERSON NAMED IN BOX 4 ABOVE.

6.

Description of shares (including class), debentures or derivatives or financial instruments relating to shares

 

ORDINARY SHARES OF $0.10 EACH





7.

Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

VOLCAN INVESTMENTS LIMITED                                             

 

8.

State the nature of the transaction

 

ON 2 MARCH 2015, PURSUANT TO A FINANCING ARRANGEMENT WITH BANK OF AMERICA NA, LONDON BRANCH ("BAML"), BAML RELEASED A SECURITY GRANTED OVER 6,243,327 ORDINARY SHARES (REPRESENTING 2.31 PER CENT OF THE ORDINARY SHARES IN THE CAPITAL OF THE COMPANY, EXCLUDING SHARES HELD IN TREASURY) (THE "SHARES").

 

THE ARRANGEMENT INVOLVES THE TRANSFER OF THE SHARES OUT OF MERRILL LYNCH INTERNATIONAL AS CUSTODIAN FOR VOLCAN INVESTMENTS LIMITED FOR SECURITY PROVIDED BY VOLCAN IN FAVOUR OF BAML.

 





9.

Number of shares, debentures or financial

instruments relating to shares acquired

 

N/A

10.

Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

 

N/A





11.

Number of shares, debentures or financial

instruments relating to shares disposed

 

N/A

12.

Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

 

N/A





13.

Price per share or value of transaction

 

N/A

14.

Date and place of transaction

 

2 MARCH 2015, LONDON





15.

Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

 

TOTAL HOLDING - 187,488,102   -  69.87%

16.

Date issuer informed of transaction

 

3 MARCH 2015

Name of authorised official of issuer responsible for making notification

DEEPAK KUMAR, COMPANY SECRETARY

Date of notification: 4 MARCH 2015

 

END


This information is provided by RNS
The company news service from the London Stock Exchange
 
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