Vedanta Resources PLC Director/PDMR Shareholding (3759Y)
November 28 2014 - 11:21AM
UK Regulatory
TIDMVED
RNS Number : 3759Y
Vedanta Resources PLC
28 November 2014
Vedanta Resources plc
28 November 2014
Notification of Transactions of Directors/Persons Discharging
Managerial Responsibility and Connected Persons
State whether the notification
relates to (i) a
transaction notified in
accordance with DTR 3.1.2
R,
(ii) a disclosure made in
accordance
LR 9.8.6R(1) or
(iii) a disclosure made
in accordance with section
793 of the Companies Act
Name of the issuer (2006).
1. VEDANTA RESOURCES PLC 2. (i)
3. Name of person discharging 4. State whether notification
managerial relates to a person
responsibilities/director connected with a person
discharging managerial responsibilities/director
A K AGARWAL named in 3 and identify
the connected person
YES. THE NOTIFICATION RELATES
TO VOLCAN INVESTMENTS LIMITED
----------------------------------- ---- --------------------------------------------------
Indicate whether the notification
is in respect of a holding
of the person referred to Description of shares (including
in 3 or 4 above or in respect class), debentures or derivatives
of a non-beneficial interest or financial instruments
relating to shares
DISCLOSURE RELATES TO A
HOLDING OF THE PERSON NAMED ORDINARY SHARES OF $0.10
5. IN BOX 4 ABOVE. 6. EACH
----------------------------------- ---- --------------------------------------------------
State the nature of the
transaction
ON 27 NOVEMBER 2014, PURSUANT
TO A FINANCING ARRANGEMENT
WITH BANK OF AMERICA NA,
LONDON BRANCH ("BAML") VOLCAN
INVESTMENTS LIMITED ("VOLCAN")
GRANTED SECURITY OVER 5,151,500
ORDINARY SHARES IN THE CAPITAL
OF THE COMPANY (REPRESENTING
1.91 PER CENT OF THE ORDINARY
SHARES IN THE CAPITAL OF
THE COMPANY, EXCLUDING SHARES
HELD IN TREASURY) ( THE
"SHARES") IN FAVOUR OF BAML.
THE ARRANGEMENT INVOLVES
THE TRANSFER OF THE SHARES
TO MERRILL LYNCH INTERNATIONAL
("MLI") AS CUSTODIAN FOR
VOLCAN WITH SECURITY PROVIDED
BY VOLCAN OVER ITS CUSTODY
ACCOUNT WITH MLI IN FAVOUR
OF BAML. THE SECURITY EXTENDS
TO DIVIDENDS AND NON-CASH
DISTRIBUTIONS PAID OR PAYABLE
IN RESPECT OF THE SHARES
AND ALL PROPERTY AND OTHER
RIGHTS DERIVING FROM OR
IN RESPECT OF THE SHARES.
THE ARRANGEMENT PERMITS
Name of registered shareholders(s) VOLCAN TO CONTINUE TO PROVIDE
and, if more than one, the INSTRUCTIONS TO MLI IN RELATION
number of shares held by TO THE VOTING RIGHTS ATTACHING
each of them TO THE SHARES, SUBJECT TO
7. VOLCAN INVESTMENTS LIMITED 8. CUSTOMARY EXCEPTIONS.
----------------------------------- ---- --------------------------------------------------
Percentage of issued class
Number of shares, debentures acquired (treasury shares
or financial of that class should not
instruments relating to be taken into account when
shares acquired calculating percentage)
9. N/A 10. N/A
----------------------------------- ---- --------------------------------------------------
Percentage of issued class
Number of shares, debentures disposed (treasury shares
or financial of that class should not
instruments relating to be taken into account when
shares disposed calculating percentage)
11. N/A 12. N/A
----------------------------------- ---- --------------------------------------------------
Price per share or value
of transaction Date and place of transaction
13. N/A 14. 27 NOVEMBER 2014, LONDON
----------------------------------- ---- --------------------------------------------------
Total holding following
notification and total percentage
holding following notification
(any treasury shares should
not be taken into account
when calculating percentage) Date issuer informed of
transaction
TOTAL HOLDING - 187,488,102
15. - 69.87% 16. 28 NOVEMBER 2014
----------------------------------- ---- --------------------------------------------------
Name of authorised official of issuer responsible for
making notification
DEEPAK KUMAR, COMPANY SECRETARY
Date of notification: 28 NOVEMBER 2014
END
This information is provided by RNS
The company news service from the London Stock Exchange
END
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