Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
  • FEInvest.net
  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email publishing@financialexpress.net in the first instance.

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Vedanta Resources (VED)

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Thursday 16 July, 2009

Vedanta Resources

Sterlite Ind Announces Pricin

RNS Number : 7653V
Vedanta Resources PLC
16 July 2009
 




Sterlite Industries (India) Limited Announces 
Pricing of ADS Equity Offering


Vedanta Resources plc ('Vedanta') announces that its subsidiary Sterlite Industries (India) Limited ('Sterlite') has priced a public offering of 123,456,790 new equity shares in the form of American Depositary Shares ('ADSs'), at a price of $12.15 per ADS (the 'Offering'), which is expected to result in approximately US$1.50 billion of gross proceeds. These ADSs will be listed on the New York Stock Exchange under the symbol 'SLT'. 


The full text of the press release issued by Sterlite is set out below.



Sterlite Industries (India) Limited Announces Pricing of ADS Equity Offering


Mumbai, India:  Sterlite Industries (India) Limited ('Sterlite') announces that it has priced its public offering of 123,456,790 new equity shares in the form of American Depositary Shares ('ADSs'), at a price of $12.15 per ADS (the 'Offering'), which is expected to result in approximately US$1.50 billion of gross proceeds. These ADSs will be listed on the New York Stock Exchange under the symbol 'SLT'.


Vedanta Resources plc ('Vedanta'), majority shareholder of Sterlite, participated in the Offering with an allocation of US$500 million either directly or through a subsidiary. Following the Offering, Vedanta's shareholding in Sterlite will be 57.5%, assuming no exercise of the over-allotment option.


J.P. Morgan Securities Inc. and Morgan Stanley & Co. International plc are acting as joint bookrunners for the Offering. Sterlite has granted the joint bookrunners an over-allotment option equivalent to 15% of the offering size excluding the US$500 million allocated to Vedanta either directly or through a subsidiary.  


Sterlite intends to use the net proceeds from the Offering for the further development of its power generation business in India, planned capital expenditures, planned and potential acquisitions and/or general corporate purposes. 


The Offering is expected to settle on July 21, 2009, subject to customary closing conditions.


As of 31 March 2009, Sterlite had total assets of US$ 8,710 million and Income before income taxes, minority interests and equity in net/(loss)/income of associate of US$ 1,069 million.


A registration statement on Form F-3 relating to these securities has been filed with and declared effective by the SEC. A prospectus supplement relating to the Offering has been filed with the SEC. The prospectus supplement, the registration statement, together with the prospectus contained therein, and documents incorporated by reference, including our Annual Report on Form 20-F for the fiscal year ended March 31, 2009, as amended by our Form 20-F/A, are available on the website of the SEC at www.sec.gov.




A copy of the preliminary prospectus supplement and accompanying prospectus related to the Offering may also be obtained by contacting:


J.P. Morgan Securities Inc.

Prospectus Library

4 Chase Metrotech Center, CS Level

BrooklynNY 11245

Phone: (718) 242-8002  



Morgan Stanley & Co. Incorporated

1585 Broadway 

New YorkNY 10036 

Attention: Prospectus Department

or by email at prospectus@morganstanley.com



END OF RELEASE


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




James Murgatroyd

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


About this Press Release; Forward-Looking Statements

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of Sterlite's equity shares in the form of ADSs, in any jurisdiction, including the United States, in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. A registration statement relating to Sterlite's equity shares in the form of ADSs has been filed with the United States Securities and Exchange Commission and is effective. 


This press release contains 'forward-looking statements' relating to the number of equity shares in the form of ADSs that Sterlite may offer in the offering, the number of Sterlite equity shares in the form of ADSs that may be subject to the option that Sterlite may grant to the underwriters, the number of Sterlite equity shares expected to be outstanding after the offering and the percentage ownerships of Sterlite that investors in the offering and Vedanta Resources plc may hold upon completion of the offering. These forward-looking statements are subject to a variety of factors, including market conditions and other risks typically associated with securities offerings. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under applicable securities

laws, neither Vedanta nor Sterlite undertakes to update these forward-looking statements.






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