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Director/PDMR shareholding

4 Oct 2017 16:46

RNS Number : 7348S
Vedanta Resources PLC
04 October 2017
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Vedanta Resources plc

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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

6 % Bonds Vedanta Resources PLC Due 2019 Sr Reg S, ISIN USG9328DAH38

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b)

Nature of the transaction

On 2 October 2017, pursuant to a financing facility arrangement with J.P. Morgan, London ('J.P. Morgan') entered into by Volcan Investments Limited ('Volcan'), J.P. Morgan released a security previously granted over USD35,000,000 6% Vedanta Resources plc due 2019 corporate bonds.

Volcan subsequently sold USD27,000,000 6% Vedanta Resources plc due 2019 corporate bonds.

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c)

Currency

USD

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d)

Price(s) and volume(s

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1. Price - 102.875%

Volume - USD 15 million at Nominal Value

2. Price - 103%

Volume - USD 12 million at Nominal Value

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e)

Aggregated information

- Aggregated volume

- Price

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Volume - USD 27 million at Nominal Value

Price - 102.93%

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f)

Date of the transaction

2 October 2017

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g)

Place of the transaction

Outside a trading venue

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Name of authorised official of issuer responsible for making notification

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DEEPAK KUMAR, COMPANY SECRETARY

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Date of notification: 4 October 2017

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This information is provided by RNS
The company news service from the London Stock Exchange
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END
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