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Vedanta Res PLC (VED)

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Tuesday 19 June, 2012

Vedanta Res PLC

Update on Sesa Goa EGM

RNS Number : 7287F
Vedanta Resources PLC
19 June 2012
 



                                                                                                               19 June 2012

 

Vedanta Resources plc

Sesa Goa Limited - Update on the Conduct of Proceedings of the Court Convened Meeting of the Equity Shareholders

 

Vedanta Resources plc's subsidiary, Sesa Goa Limited issued the following release today.

 

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19 June 2012

 

Sesa Goa Limited

Update on the Conduct of Proceedings of the Court Convened Meeting of the Equity Shareholders

Goa, 19 June 2012:  The Conduct of Proceedings of the Court Convened Meeting of the Equity Shareholders on the Composite Scheme and the Concurrent Scheme has been completed.

 

The result of the poll on the Schemes will be announced soon after the report is submitted on June 25, 2012 by Scrutinizers and the same will also be available at the Registered Office of the Company and on the website of the company at www.sesagoa.com.

 

Investor contact:

Ashwin Bajaj

Senior Vice President- Investor Relations

sesa.ir@vedanta.co.in

+91 22 6646 1531

 

Swapnil Patil

Associate General Manager - Investor Relations

sesa.ir@vedanta.co.in

+91 22 6646 1531

 

 

Mohamed Tariq Mujahid

Associate Manager - Investor Relations

sesa.ir@vedanta.co.in

+91 22 6646 1531

 

 

 

Media contact

R Krishnagopal

Associate Vice President  - Corporate Communications

sesa.cc@vedanta.co.in

+91 832 2460880

 

About Sesa

Sesa is India's largest producer and exporter of iron ore in the private sector.  The company is a majority owned and controlled subsidiary of Vedanta Resources plc, the London listed FTSE 100 diversified metals and mining major. For more than five decades, Sesa has been involved in iron ore exploration, mining, beneficiation and exports.  Sesa has iron ore mining operations in Goa and Karnataka.  It has recently acquired 51% stake in Western Cluster Limited, a Liberia based company engaged in developing the Western Cluster Iron Ore Deposits into a large integrated Iron Ore Project. Sesa is also into manufacturing pig iron and metallurgical coke, with a 0.28 mtpa metallurgical coke plant and a 0.25 mtpa pig iron plant in Goa.

 

Disclaimer

This press release contains "forward-looking statements" - that is, statements related to future, not past, events and may be interpreted as 'forward looking statements' within the meaning of applicable laws and regulations. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Actual results might differ substantially or materially from those expressed or implied. Important developments that could affect the company's operations include a downtrend in the steel, pig iron & met coke industry - global or domestic or both, significant changes in political, economic, business, competitive or regulatory environment in India or key markets abroad and from numerous other matters of national, regional & global scale including but not limited to natural calamity,  tax laws, litigations, Government policies & regulations, fluctuations in interest and or exchange rates of Indian Rupee, etc.  Any forward-looking information in this press release has been prepared on the basis of a number of assumptions, which may prove to be incorrect.  This press release should not be relied upon as a recommendation or forecast by Sesa Goa Ltd.  The views expressed herein may contain information derived from publicly available sources that have not been independently verified; no representation or warranty is made as to the accuracy, completeness or reliability of this information.  We do not undertake to update our forward-looking statements.

 

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For further information, please contact:

Investors

Ashwin Bajaj

Senior Vice President - Investor Relations

Vedanta Resources plc

 

ir@vedanta.co.in

Tel:  +91 22 6646 1531

 

Media

Gordon Simpson

Finsbury

Tel:  +44 20 7251 3801

 

 

About Vedanta Resources plc

Vedanta Resources plc ("Vedanta") is a London listed FTSE 100 diversified global natural resources major. The group produces aluminium, copper, zinc, lead, silver, iron ore, oil & gas and commercial energy. Vedanta has operations in India, Zambia, Namibia, South Africa, Ireland, Liberia, Australia and Sri Lanka. With an empowered talent pool 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, please visit www.vedantaresources.com.

 

Disclaimer

This press release contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.


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