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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 / status

Notification relates to a PCA of Anil Agarwal, VOLCAN INVESTMENTS LIMITED

b)

Initial notification / amendment

Initial notification

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 instrument

·      Vedanta Resources plc ordinary shares of US$0.10 each ISIN: GB0033277061

b)

Nature of the transaction

ON 20 APRIL 2017 , PURSUANT TO 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) and volume(s)

 

 

 

VEDANTA RESOURCES PLC ORD USD0.10      ISIN: GB0033277061

8,775,000

 

e)

Aggregated information

-     Aggregated volume

-     Price

 

 

N/A

 

f)

Date of the transaction

20 April 2017

g)

Place of the transaction

N/A

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
 
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