18 Apr 2018 15:04
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 17 April 2018, pursuant to a financing arrangement with J.P. Morgan, London ('J.P. Morgan') entered into on 15 March 2017, and following a payment of interest on 10 April 2018 by Volcan, which reduced the outstanding balance of the financing arrangement, J.P. Morgan automatically released a security previously granted over 7,400,000 ordinary shares in the capital of the company (representing 2.71 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 global depository receipt (which, as a result, carry no voting rights)) ('the shares'). | |||
c) | Currency | GBP | |||
d) | Price(s) and volume(s) |
Price - £0 |
| ||
e) | Aggregated information - Aggregated volume - Price |
7,400,000 £0 | |||
f) | Date of the transaction | 17 APRIL 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: 18 April 2018 |
| ||||