Vedanta Resources PLC Director/PDMR Shareholding (1461D)
April 24 2017 - 7:27AM
UK Regulatory
TIDMVED
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 Notification relates to a PCA
/ status of Anil Agarwal, VOLCAN INVESTMENTS
LIMITED
--- ------------------------------ --------------------------------------------------------------------
b) Initial notification Initial notification
/ amendment
--- ------------------------------ --------------------------------------------------------------------
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 * Vedanta Resources plc ordinary shares of US$0.10 each
instrument ISIN: GB0033277061
--- ------------------------------ --------------------------------------------------------------------
b) Nature of ON 20 APRIL 2017 , PURSUANT TO
the transaction 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) VEDANTA RESOURCES PLC
and volume(s) ORD USD0.10 ISIN: GB0033277061 8,775,000
--------------------------------- ----------
--- ------------------------------ ------------------------------------------------------------------
e) Aggregated
information
* Aggregated volume N/A
* Price
--- ------------------------------ --------------------------------------------------------------------
f) Date of the 20 April 2017
transaction
--- ------------------------------ --------------------------------------------------------------------
g) Place of N/A
the transaction
--- ------------------------------ --------------------------------------------------------------------
Name of authorised official of issuer responsible
for making notification
DEEPAK KUMAR, COMPANY SECRETARY
Date of notification: 24 April 2017
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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