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Vedanta Resources (VED)

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Monday 29 March, 2010

Vedanta Resources

Share Repurchase Programme

RNS Number : 3560J
Vedanta Resources PLC
29 March 2010
 



29 March 2010

 

                                                Share Repurchase Programme

 

Increase in Share Repurchase Programme from $350 million to $500 million

 

On 1 July 2009 Vedanta Resources plc ("Vedanta") announced a Share Repurchase Programme totalling $350 million to purchase up to 10% of the Ordinary Shares in issue.

 

Vedanta today announces that its Board has approved to increase the Share Repurchase Programme by a further $150 million to a total of $500 million.

 

Till 26 March 2010, Vedanta has bought back 20.03 million ordinary shares representing 16.2 million ordinary shares out of the authority of shareholders granted in July 2008 and 3.8 million ordinary shares out of the authority of shareholders granted in July 2009. Today's announcement is in line with the authority of shareholders granted in July 2009.

 

For further information, please contact:

 

Ashwin Bajaj

Vice President - Investor Relations

Vedanta Resources plc

 

investorrelations@vedanta.co.in

Tel:  +91 22 6646 1531

 

Gordon Simpson

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 India, Zambia and Australia and a strong organic growth pipeline of projects. With an empowered talent pool of 30,000 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

 

 


This information is provided by RNS
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