Information  X 
Enter a valid email address

Vedanta Resources (VED)

  Print      Mail a friend       Annual reports

Wednesday 24 September, 2008

Vedanta Resources

Vedanta Not To Pursue Propose

RNS Number : 1473E
Vedanta Resources PLC
24 September 2008
 




Vedanta Not To Pursue Proposed 
Group Restructuring (the 'Restructuring')


The Restructuring announced by Vedanta Resources plc ('Vedanta') on 9 September 2008 was a direct response to shareholder requests to simplify the current corporate structure and eliminate conflicts of interest.


In view of the recent changes in global financial markets and investor feedbackVedanta has decided not to pursue the proposed group restructuring.


Vedanta remains committed to simplifying and streamlining its corporate structure in the interests of all shareholders.



For further information, please contact:

 

Sumanth Cidambi

Director - Investor Relations

Vedanta Resources plc


sumanth.cidambi@vedanta.co.in

Tel: +44 20 7659 4732 / +91 22 6646 1531


Faeth Birch

Robin Walker

Finsbury




Tel: +44 20 7251 3801 



About Vedanta Resources plc

Vedanta Resources plc ('Vedanta') is a London listed FTSE 100 diversified metals and mining major. The group produces aluminium, copper, zinc, lead, iron ore and commercial energy. Vedanta has operations in IndiaZambia and Australia and a strong organic growth pipeline of projects. With an empowered talent pool of 29,000 employees globally, Vedanta places strong emphasis on partnering with all its stakeholders based on the core values of entrepreneurship, excellence, trust, inclusiveness and growth. For more information visit www.vedantaresources.com


Disclaimer

This press release contains 'forward-looking statements' - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes,' 'seeks,' 'should' or 'will.' Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.



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