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Vedanta Res PLC (VED)

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Friday 14 September, 2018

Vedanta Res PLC

Director/PDMR Shareholding

RNS Number : 8595A
Vedanta Resources PLC
14 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 / 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 11 September 2018, pursuant to a financing arrangement with J.P. Morgan, London ('J.P. Morgan') entered into on 15 March 2017, and following the receipt of a deed of release, J.P. Morgan released a security previously granted 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).

c)

Currency

GBP

d)

Price(s) and volume(s)

 

VEDANTA RESOURCES PLC ORD USD0.10      ISIN: GB0033277061

84,500,000

 

Price - 0

 

e)

Aggregated information

-     Aggregated volume

-     Price

 

 

84,500,000

0

f)

Date of the transaction

11 September 2018

g)

Place of the transaction

Outside a trading venue

Name of authorised official of issuer responsible for making notification

 

DEEPAK KUMAR, COMPANY SECRETARY

 

Date of notification: 14 September 2018

 

 


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