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Vedanta Resources (VED)

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Friday 24 December, 2010

Vedanta Resources

Director/PDMR Shareholding

RNS Number : 6211Y
Vedanta Resources PLC
24 December 2010
 



NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR 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 DR3.1.4 (R) (1)(a)

 

3. Name of person discharging managerial responsibilities/director

 

Mr T JAIN  

 

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

 

N/A

 

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 PERSON NAMED IN POINT 3

 

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

 

ORDINARY SHARES OF 10 US CENTS 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

MR T JAIN            94,000

 

8 State the nature of the transaction

 

EXERCISE OF AN OPTION UNDER THE VEDANTA RESOURCES LONG TERM INCENTIVE PLAN

 

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

NAME            NUMBER OF SHARES IN VEDANTA RESOURCES

PLC OVER WHICH OPTIONS HAVE BEEN EXERCISED.

MR T JAIN            10,560

 

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

NAME            PERCENTAGE

MR T JAIN       .0037%

 

 

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

N/A

 

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

 

N/A

13. Price per share or value of transaction

 

 AN EXERCISE PRICE OF US 10 CENTS WAS PAID BY EACH OF THE PERSONS NAMED IN POINT 3 ABOVE ON EXERCISE OF THEIR OPTIONS.  

 

14. Date and place of transaction

 

21 DECEMBER 2010, 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

MR T JAIN       104,560    .0362%

 

16. Date issuer informed of transaction

 

23 DECEMBER 2010 

 

 

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

THE OPTIONS EXERCISED ON 21 DECEMBER  2010 WERE GRANTED ON 14 NOVEMEBR 2007, AND ONLY 64% SHARES VESTED UNDER THE SCHEME.

 

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

 

24 DECEMBER 2010  

 

END


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