24th Jan 2006 07:01
Vedanta Resources PLC24 January 2006 THIS ANNOUNCEMENT IS NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, OR JAPAN 24 January 2006 Vedanta Resources plc Completes the US$ 725 million Convertible Bonds due 2026 Vedanta Resources plc ("Vedanta") announces that the terms for the VedantaResources plc US$ 725 million bonds due 2026 have been fixed as follows: - initial conversion price has been set to £14.54 per share, which represents a 48 per cent premium over the volume weighted average price from launch to pricing of £9.825 on the London Stock Exchange (LSE); - the cash coupon / yield to maturity has been set to 4.60 per cent per annum calculated on a semi-annual basis ; The Lead Manager has an option to increase the issue size by US$ 125 million. It is intended that applications will be made for the Bonds to be listed on theProfessional Securities Market (PSM) of the London Stock Exchange and for thedepositary receipts to be listed on the Euro MTF of the Luxembourg StockExchange or in each case, another recognised market or stock exchange. Barclays Capital is the Sole Bookrunner and Lead Manager for the offering. For more information, please contact: Barclays CapitalDouglas Decker+44 20 7773 8302 Vedanta Resources plcSumanth CidambiAssociate Director - Investor Relations+91 (22) 5646 1531 FinsburyRobin Walker+44 20 7251 3801 THIS ANNOUNCEMENT IS NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY IN OR INTO THEUNITED STATES OR TO ANY US PERSON (AS DEFINED IN REGULATION S UNDER THE USSECURITIES ACT OF 1933, AS AMENDED ("REGULATION S"). THIS ANNOUNCEMENT IS NOT ANOFFER TO SELL SECURITIES OR THE SOLICITATION OF ANY OFFER TO BUY SECURITIES, NORSHALL THERE BE ANY OFFER OF SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFEROR SALE WOULD BE UNLAWFUL.THE SECURITIES MENTIONED IN THIS ANNOUNCEMENT HAVE NOT BEEN AND WILL NOT BE REGISTERED IN THE UNITED STATES UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED OR SOLD IN THE UNITEDSTATES ABSENT REGISTRATION OR EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT. THERE WILL BE NO PUBLIC OFFER OF THE SECURITIES IN THE UNITED STATES. THIS ANNOUNCEMENT IS DIRECTED ONLY AT PERSONS WHO (I) ARE OUTSIDE THE UNITEDKINGDOM OR (II) HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTSOR TO WHOM THIS ANNOUNCEMENT MAY OTHERWISE BE DIRECTED WITHOUT CONTRAVENTION OFSECTION 21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS "RELEVANT PERSONS"). THIS ANNOUNCEMENT IS DIRECTEDONLY AT RELEVANT PERSONS AND MUST NOT BE ACTED ON OR RELIED ON BY PERSONS WHO ARE NOT RELEVANT PERSONS. ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS PRESS RELEASE RELATES IS AVAILABLE ONLY TO RELEVANT PERSONS AND WILL BE ENGAGEDIN ONLY WITH RELEVANT PERSONS. IN ADDITION, IF AND TO THE EXTENT THAT THISANNOUNCEMENT IS COMMUNICATED IN, OR THE OFFER OF THE SECURITIES TO WHICH ITRELATES IS MADE IN, ANY EEA MEMBER STATE THAT HAS IMPLEMENTED DIRECT IVE 2003/71/EC (TOGETHER WITH ANY APPLICABLE IMPLEMENTING MEASURES IN ANY MEMBER STATE, THEPROSPECTUS DIRECTIVE"). THIS ANNOUNCEMENT AND THE OFFER ARE ONLY ADDRESSED TOAND DIRECTED AT PERSONS IN THAT MEMBER STATE WHO ARE QUALIFIED INVESTORS WITHINTHE MEANING OF THE PROSPECTUS DIRECTIVE (OR WHO ARE OTHER PERSONS TO WHOM THEOFFER MAY LAWFULLY BE ADDRESSED) AND MUST NOT BE ACTED ON OR RELIED ON BY OTHERP ERSONS IN THAT MEMBER STATE. STABILISATION FSA/ICMA. BARCLAYS CAPITAL WILL BE THE STABILISING MANAGER This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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