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Vedanta Resources (VED)

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Friday 15 May, 2009

Vedanta Resources

Director/PDMR Shareholding

RNS Number : 3770S
Vedanta Resources PLC
15 May 2009
 



NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS


This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).



(1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.

 

(2) An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24. 

 

(3) An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. 

 

(4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. 

 


Please complete all relevant boxes in block capital letters.

 


1. Name of the issuer


VEDANTA RESOURCES PLC


2. State whether the notification relates to:


(i) a transaction notified in accordance with DR 3.1.4R(1)(a); or


(ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or 


(iii) both (i) and (ii)


THE NOTIFICATION RELATES TO A TRANSACTION NOTIFIED IN ACCORDANCE WITH DR 3.1.4R(1)(a) 


3. Name of person discharging managerial responsibilities/director


MR A K AGARWAL


4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person


YES. THE NOTIFICATION RELATES TO VOLCAN INVESTMENTS LIMITED


5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest


DISCLOSURE RELATES TO A HOLDING OF THE PERSON NAMED IN BOX 4 ABOVE. 


6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares


ORDINARY SHARES OF 10 US CENTS EACH IN VEDANTA RESOURCES PLC


7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them


NAME                                  NUMBER OF SHARES


VOLCAN INVESTMENTS LIMITED            159,983,163


8 State the nature of the transaction


PURCHASE OF ORDINARY SHARES OF VEDANTA RESOURCES PLC


9. Number of shares, debentures or financial instruments relating to shares acquired


NAME                                 NUMBER OF SHARES IN VEDANTA RESOURCES 

                          PLC WHICH WERE PURCHASED FROM MARKET.  


VOLCAN INVESTMENTS LIMITED           1,106,780

 

10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)


NAME                                 PERCENTAGE


VOLCAN INVESTMENTS LIMITED           0.39%


11. Number of shares, debentures or financial instruments relating to shares disposed


NONE


12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) 


NONE


13. Price per share or value of transaction


106,780 SHARES WERE PURCHASED AT £12.58 PER SHARE 

500,000 SHARES WERE PURCHASED AT £12.87 PER SAHRE

500,000 SHARES WERE PURCHASED AT £12.64 PER SAHRE



14. Date and place of transaction


11 MAY 2009LONDON

12 MAY 2009, LONDON

13 MAY 2009, LONDON 


15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)


NAME                            HOLDING                PERCENTAGE 


VOLCAN INVESTMENTS LIMITED      159,983,173            57.30%    


VOLCAN INVESTMENTS LIMITED IS THE ULTIMATE CONTROLLING PARTY OF VEDANTA RESOURCES PLC, WHICH IS CONTROLLED BY PERSONS RELATED TO THE CHAIRMAN (MR A K AGARWAL)


16. Date issuer informed of transaction


15th MAY 2009



If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes


17 Date of grant


N/A 


18. Period during which or date on which it can be exercised


N/A 


19. Total amount paid (if any) for grant of the option


N/A 


20. Description of shares or debentures involved (class and number)


N/A 


21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise


N/A


22. Total number of shares or debentures over which options held following notification


N/A 


23. Any additional information


N/A


24. Name of contact and telephone number for queries


DEEPAK KUMAR


020 7499 5900


Name and signature of duly authorised officer of issuer responsible for making notification


DEEPAK KUMAR


Date of notification


15th MAY 2009 


END


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