6th Dec 2011 16:47
06 December 2011
APPLICATIONS FOR ADMISSION OF SHARES
Further to the announcements on 6 December 2011 regarding the proposed acquisition of a controlling stake in Cairn India Limited ("Cairn India") (the "Transaction"), the Board of Vedanta Resources plc announces that applications have been made to the UK Listing Authority and the London Stock Exchange for the readmission to listing on the Official List of the UK Listing Authority and to trading on the main market of the London Stock Exchange of Vedanta Resources plc's 296,908,045 existing ordinary shares of $0.10 ("Existing Ordinary Shares") upon the cancellation of the listing of such shares in accordance with the requirements for reverse takeovers, which are applicable to the Transaction under the Listing Rules.
It is expected that the cancellation and subsequent readmission of the Existing Ordinary Shares to listing and trading will occur at 8.00 a.m. on 8 December 2011. For further information, please contact:
Investors: Ashwin Bajaj Senior Vice President - Investor Relations Vedanta Resources plc
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Tel: +44 20 7659 4732 / +91 22 6646 1531 |
Media: Gordon Simpson Faeth Birch 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, silver, iron ore and commercial energy. Vedanta has operations in India, Zambia, Namibia, South Africa, Ireland and Australia and a strong organic growth pipeline of projects. With an empowered talent pool of 31,000 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, 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.
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