J.P. Morgan Securities Ltd
05 December 2003
Security to be stabilised: Vedanta Resources plc
December 5, 2003
J.P. Morgan Securities Ltd. is the stabilising manager in relation to the
ordinary shares of US$0.10 each of Vedanta Resources plc (ISIN GB0033277061).
Pursuant to Paragraph 3060 of the Rules of the London Stock Exchange, J.P.Morgan
Securities Ltd. notifies the London Stock Exchange that it may conduct
stabilising activities in relation to the ordinary shares of Vedanta Resources
plc. Stabilisation may occur from today, December 5, 2003 up to and including
January 2, 2004. A manager's option representing 15% of the global offer has
been granted to J.P. Morgan Securities Ltd., which, if exercised in full,
represents 19.5 million new shares issued at the offer price.
The issue price of the ordinary shares of Vedanta Resources plc is 390 pence per
ordinary share as announced at 7.00am on December 5, 2003. Stabilisation may
occur on the London Stock Exchange's main market for listed securities. No
associated security is being stabilised. Stabilisation, if commenced, may be
discontinued at any time.
For further information contact J.P. Morgan Securities Ltd. (Edward Sankey on
+44 20 7325 9599)
This information is provided by RNS
The company news service from the London Stock Exchange