By LSE RNS
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") |
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a) |
Name |
ANIL AGARWAL (being a PDMR) |
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2 |
Reasons for the Notification |
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a) |
Position / status |
Notification relates to a PCA of Anil Agarwal, VOLCAN INVESTMENTS LIMITED |
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b) |
Initial notification / amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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A |
Name |
VEDANTA RESOURCES PLC (the "COMPANY") |
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B |
LEI |
2138007MYEKPEAZQTW83 |
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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 |
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a) |
Description of the financial instrument |
· Vedanta Resources plc ordinary shares of US$0.10 each ISIN: GB0033277061
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b) |
Nature of the transaction |
ON 20 SEPTEMBER 2017 , PURSUANT TO A FINANCING ARRANGEMENT WITH J.P. MORGAN, LONDON ('J.P. MORGAN'), VOLCAN INVESTMENTS LIMITED ('VOLCAN') GRANTED SECURITY OVER 33,400,024 ORDINARY SHARES IN THE CAPITAL OF THE COMPANY (REPRESENTING 12.36 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 TOTAL NUMBER OF ORDINARY SHARES OVER WHICH SECURITY HAS BEEN GRANTED IN FAVOUR OF J.P. MORGAN IS 91,900,000 ORDINARY SHARES. THE ARRANGEMENT PERMITS VOLCAN TO CONTINUE TO PROVIDE INSTRUCTIONS IN RELATION TO THE VOTING RIGHTS ATTACHING TO THE SHARES, SUBJECT TO CUSTOMARY EXCEPTIONS. |
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c) |
Currency |
N/A |
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d) |
Price(s) and volume(s)
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e) |
Aggregated information - Aggregated volume - Price |
N/A
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f) |
Date of the transaction |
20 September 2017 |
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g) |
Place of the transaction |
N/A |
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Name of authorised official of issuer responsible for making notification
DEEPAK KUMAR, COMPANY SECRETARY
Date of notification: 20 September 2017 |
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