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Vedanta Resources (VED)

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Wednesday 18 May, 2011

Vedanta Resources

Director/PDMR Shareholding

RNS Number : 8706G
Vedanta Resources PLC
18 May 2011
 



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           163,500,000

 

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      526,953

 

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      0.2%

 

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

 

227,682 SHARES WERE PURCHASED AT £20.96 PER SHARE

299,271 SHARES WERE PURCHASED AT £21.20 PER SHARE

 

 

14. Date and place of transaction

 

16 MAY 2011, LONDON

17 MAY 2011, 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      164,026,953          61.73%    

 

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

 

18 MAY 2011

 

 

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

 

18 MAY 2011

 

END


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