VED Vedanta

TIDMVED

RNS Number : 7385B

Vedanta Resources PLC

24 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            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                     Vedanta Resources plc ordinary shares 
       of the financial                of US$0.10 each ISIN: GB0033277061 
       instrument 
     ------------------------------  -------------------------------------------------- 
 b)   Nature of the                   From 17 - 21 September 2018 (inclusive), 
       transaction                     pursuant to a financing arrangement with 
                                       Standard Chartered Bank and Credit Suisse 
                                       AG, Singapore Branch entered into on 11 
                                       September 2018, Volcan Investments Limited 
                                       ('Volcan) granted security over 1,193,301 
                                       ordinary shares in the capital of the 
                                       company (representing 0.42 per cent of 
                                       the issued ordinary shares in the capital 
                                       of the company). 
     ------------------------------  -------------------------------------------------- 
 c)   Currency                        GBP 
     ------------------------------  -------------------------------------------------- 
 d)   Price(s) and                      VEDANTA RESOURCES PLC ORD 
       volume(s)                          USD0.10 ISIN: GB0033277061    270,770,175 
 
 
                                        Price - GBP0 
     ------------------------------  ---------------------------------------------- 
 e)        Aggregated information 
             *    Aggregated volume 
                                        1,193,301 
                                        GBP0 
             *    Price 
     ------------------------------  -------------------------------------------------- 
 f)   Date of the                     17 - 21 September 2018 (inclusive) 
       transaction 
     ------------------------------  -------------------------------------------------- 
 g)   Place of the                    Outside a trading venue 
       transaction 
     ------------------------------  -------------------------------------------------- 
 Name of authorised official of issuer responsible for making 
  notification 
 
  DEEPAK KUMAR, COMPANY SECRETARY 
 
  Date of notification: 24 September 2018 
 
 

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END

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