VED Vedanta

TIDMVED

RNS Number : 2700Y

Vedanta Resources PLC

13 May 2016

Vedanta Resources plc (the "Company")

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons- Award of Options

On 12 May 2016, the below mentioned person discharging managerial responsibility (PDMR) of Vedanta Resources plc have been granted the following conditional options over ordinary shares of US$10 cents each under the Vedanta Performance Share Plan ("PSP"). The exercise price of each option is US$ 10 cents.

 
 NAME           No of options granted 
                 under the PSP in 2015 
-------------  ----------------------- 
 Samir Caire    32,000 
-------------  ----------------------- 
 

The vesting of the Vedanta PSP awards are subject to performance conditions over a three year performance period. Accordingly, the awards will vest on the third anniversary of the date of grant, subject to meeting the performance conditions.

The awards were approved by the Company's Remuneration Committee on 10(th) May 2016 effective from 12(th) May 2016 and, accordingly, the Company was notified of the grants of awards on 12(th) May 2016. This transaction took place in London. This notification is made pursuant to Disclosure Rule 3.1.4.

Should you have any queries concerning this announcement, please contact Deepak Kumar, Company Secretary on 020 7499 5900.

Deepak Kumar

Company Secretary

Vedanta Resources plc

13 May 2016

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHUOANRNNAVAAR

(END) Dow Jones Newswires

May 13, 2016 12:16 ET (16:16 GMT)

Vedanta (LSE:VED)
Historical Stock Chart
From Apr 2024 to May 2024

Vedanta (LSE:VED)
Historical Stock Chart
From May 2023 to May 2024