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News Release
PDMR shareholding notification
RNS Number : 6129Z
Vedanta Resources PLC
15 March 2017
 

Vedanta Resources plc

 

 

Notification and public disclosure of transactions by persons discharging managerial Responsibilities and persons closely associated with them  

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

ANIL AGARWAL (being a PDMR)

2

Reasons for the Notification

a)

Position / status

Notification relates to a PCA of Anil Agarwal, VOLCAN INVESTMENTS LIMITED

b)

Initial notification / amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a

Name

VEDANTA RESOURCES PLC (the "COMPANY")

b

LEI

2138007MYEKPEAZQTW83

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

·      Vedanta Resources plc ordinary shares of US$0.10 each ISIN: GB0033277061

·      9 1/2 % Notes Vedanta Resources PLC Due 2018  Sr Reg S, ISIN USG9328DAD24

·      6 % Bonds Vedanta Resources PLC   Due 2019   Sr Reg S, ISIN USG9328DAH38

·      8 1/4 % Notes Vedanta Resources PLC  Due 2021  Sr Reg S, ISIN USG9328DAG54

·      7 1/8 % Bonds Vedanta Resources PLC  Due 2023 Sr Reg S, ISIN USG9328DAJ93

b)

Nature of the transaction

ON 15 MARCH 2017 , PURSUANT TO A FINANCING ARRANGEMENT WITH J.P. MORGAN, LONDON ('J.P. MORGAN'), VOLCAN INVESTMENTS LIMITED ('VOLCAN') GRANTED SECURITY OVER 58,500,000 ORDINARY SHARES IN THE CAPITAL OF THE COMPANY (REPRESENTING 21.65 PER CENT OF THE ORDINARY SHARES IN THE CAPITAL OF THE COMPANY, EXCLUDING SHARES HELD IN TREASURY (INCLUDING THOSE SHARES HELD BY GOREY INVESTMENTS LIMITED) AND SHARES HELD THROUGH A GLOBAL DEPOSITARY RECEIPT (WHICH, AS A RESULT, CARRY NO VOTING RIGHTS)) ('THE SHARES') IN FAVOUR OF J.P. MORGAN.

VOLCAN HAS ALSO GRANTED SECURITY OVER VEDANTA RESOURCES PLC CORPORATE BONDS WITH AN AGGREGATE NOMINAL VALUE OF USD122.96 MILLION AS FURTHER DETAILED BELOW.

THE ARRANGEMENT PERMITS VOLCAN TO CONTINUE TO PROVIDE INSTRUCTIONS IN RELATION TO THE VOTING RIGHTS ATTACHING TO THE SHARES, SUBJECT TO CUSTOMARY EXCEPTIONS.

c)

Currency

N/A

d)

Price(s) and volume(s)

 

 

 

 

 

VEDANTA RESOURCES PLC ORD USD0.10      ISIN: GB0033277061

58,500,000

9 1/2 % Notes Vedanta Resources PLC Due 2018 Sr Reg S Security 4358888, ISIN USG9328DAD24

USD75.96 million

Nominal Value

6 % Bonds Vedanta Resources PLC Due 2019 Sr Reg S Security 21487052, ISIN USG9328DAH38

USD35million

Nominal Value

8 1/4 % Notes Vedanta Resources PLC 2021 Sr Reg S Security 13106717, ISIN USG9328DAG54

USD6million

Nominal Value

7 1/8 % Bonds Vedanta Resources PLC Due 2023  Sr Reg S Security 21487055, ISIN USG9328DAJ93

USD7million

Nominal Value

 

 

 

e)

Aggregated information

-     Aggregated volume

-     Price

 

 

N/A

 

f)

Date of the transaction

15 March 2017

g)

Place of the transaction

N/A

Name of authorised official of issuer responsible for making notification

 

DEEPAK KUMAR, COMPANY SECRETARY

 

Date of notification: 15 March 2017

 

 


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