30th Aug 2017 12:14
VEDANTA RESOURCES PLC
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons- Grant of Awards under the Vedanta Resources Deferred Share Bonus Plan 2015.
This notification is made in accordance with Article19 (3) of the EU Market Abuse Regulation.
On 25 August 2017, awards over ordinary shares of US$0.10 each in Vedanta Resources plc (the "Company") were made to certain persons discharging managerial responsibilities ("PDMRs") under the Vedanta Resources Deferred Share Bonus Plan 2015, as follows:
Name of PDMR | Number of Shares held under award |
Tom Albanese | 42,203 |
Tarun Jain | 12,160 |
G.R. Arun Kumar | 1,707 |
Sunil Duggal | 4,665 |
Samir Cairae | 4,704 |
Steven Din | 3,701 |
Kishore Kumar | 4,688 |
Ajay Kumar Dixit | 3,668 |
Dilip Golani | 3,773 |
Abhijit Pati | 2,212 |
No consideration was paid for the grant of the awards which are structured as nil-cost options.
The awards were granted in respect of annual bonuses earned for the financial year ended 31 March 2017, the cash portion of which was paid on or around 5 August 2017.
Subject to the participant continuing to be a director or employee in the Vedanta Resources plc group of companies, awards shall normally vest as follows.
(a) Awards to Mr Thomas Albanese shall normally vest over the proportions of shares and on the dates set out below.
1. 40% of the total number of shares held under an award shall vest on 25 August 2018;
2. 30% of the total number of shares held under an award shall vest on 25 August 2019; and
3. 30% of the total number of shares held under an award shall vest on 25 August 2020.
However, given Mr Albanese will be leaving the Company on 31 August 2017, vesting of his outstanding DSBP awards will be determined by the Remuneration Committee.
(b) Awards to the remaining PDMRs mentioned above shall normally vest over the proportions of shares and on the dates set out below:
1. 50% of the total number of shares held under an award shall vest on 25 August 2018; and
2. 50% of the total number of shares held under an award shall vest on 25 August 2019.
The number of shares over which awards were granted was calculated by reference to the average middle market quotation of a share over the five dealing days immediately before 5 August 2017.
Once vested awards will normally remain exercisable until the day before 25 August 2027 provided the individual remains a director or employee within the Vedanta Resources Plc group of companies.
The Company was informed of the above transactions on 25 August 2017.
For any queries in respect of the above, please contact:
Vedanta Resources plc
Tel: 020 7499 5900
Deepak Kumar
Company Secretary
30 August 2017
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") |
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a) | Name | Tom Albanese |
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2 | Reasons for the Notification |
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a) | Position / status | Chief Executive Officer
|
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b) | Initial notification / amendment | Initial Notification |
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3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a | Name | Vedanta Resources plc ("Vedanta") |
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b | LEI | 2138007MYEKPEAZQTW83 |
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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 |
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a) | Description of the financial instrument | Vedanta Ordinary Shares of US$0.10 each ISIN:GB0033277061 |
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b) | Nature of the transaction | Grant of nil-cost options over Ordinary Shares of US$0.10 under the Vedanta Resources Deferred Share Bonus Plan 2015
|
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c) | Currency | GBP - British Pound |
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d) | Price(s) and volume(s)
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|
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e) | Aggregated information - Aggregated volume - Price |
Single Transaction |
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f) | Date of the transaction | 2017.08.25 |
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g) | Place of the transaction | London Stock Exchange (XLON) (Main Market) |
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Name of authorised official of issuer responsible for making notification
DEEPAK KUMAR, COMPANY SECRETARY
Date of notification: 30 August 2017 | |||||||
1. | Details of PDMR / person closely associated with them ("PCA") |
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a) | Name | Tarun Jain |
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2 | Reasons for the Notification |
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a) | Position / status | Director of Finance
|
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b) | Initial notification / amendment | Initial Notification |
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3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a | Name | Vedanta Resources plc ("Vedanta") |
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b | LEI | 2138007MYEKPEAZQTW83 |
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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 Ordinary Shares of US$0.10 each ISIN:GB0033277061 |
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b) | Nature of the transaction | Grant of nil-cost options over Ordinary Shares of US$0.10 under the Vedanta Resources Deferred Share Bonus Plan 2015
|
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c) | Currency | GBP - British Pound |
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d) | Price(s) and volume(s)
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|
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e) | Aggregated information - Aggregated volume - Price |
Single Transaction |
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f) | Date of the transaction | 2017.08.25 |
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g) | Place of the transaction | London Stock Exchange (XLON) (Main Market) |
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Name of authorised official of issuer responsible for making notification
DEEPAK KUMAR, COMPANY SECRETARY
Date of notification: 30 August 2017 | |||||||
1. | Details of PDMR / person closely associated with them ("PCA") |
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a) | Name | G.R. Arun Kumar |
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2 | Reasons for the Notification |
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a) | Position / status | Chief Financial Officer
|
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b) | Initial notification / amendment | Initial Notification |
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3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
| |||||
a | Name | Vedanta Resources plc ("Vedanta") |
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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 Ordinary Shares of US$0.10 each ISIN:GB0033277061 |
| ||||
b) | Nature of the transaction | Grant of nil-cost options over Ordinary Shares of US$0.10 under the Vedanta Resources Deferred Share Bonus Plan 2015
|
| ||||
c) | Currency | GBP - British Pound |
| ||||
d) | Price(s) and volume(s)
|
|
| ||||
e) | Aggregated information - Aggregated volume - Price |
Single Transaction |
| ||||
f) | Date of the transaction | 2017.08.25 |
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g) | Place of the transaction | London Stock Exchange (XLON) (Main Market) |
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Name of authorised official of issuer responsible for making notification
DEEPAK KUMAR, COMPANY SECRETARY
Date of notification: 30 August 2017 | |||||||
1. | Details of PDMR / person closely associated with them ("PCA") |
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a) | Name | Sunil Duggal |
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2 | Reasons for the Notification |
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a) | Position / status | Chief Executive Officer, Hindustan Zinc
|
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b) | Initial notification / amendment | Initial Notification |
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3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
| |||||
a | Name | Vedanta Resources plc ("Vedanta") |
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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 Ordinary Shares of US$0.10 each ISIN:GB0033277061 |
| ||||
b) | Nature of the transaction | Grant of nil-cost options over Ordinary Shares of US$0.10 under the Vedanta Resources Deferred Share Bonus Plan 2015
|
| ||||
c) | Currency | GBP - British Pound |
| ||||
d) | Price(s) and volume(s)
|
|
| ||||
e) | Aggregated information - Aggregated volume - Price |
Single Transaction |
| ||||
f) | Date of the transaction | 2017.08.25 |
| ||||
g) | Place of the transaction | London Stock Exchange (XLON) (Main Market) |
| ||||
Name of authorised official of issuer responsible for making notification
DEEPAK KUMAR, COMPANY SECRETARY
Date of notification: 30 August 2017 | |||||||
1. | Details of PDMR / person closely associated with them ("PCA") |
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a) | Name | Samir Cairae |
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2 | Reasons for the Notification |
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a) | Position / status | Chief Executive Officer of Diversified Metals (India)
|
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b) | Initial notification / amendment | Initial Notification |
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3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
| |||||
a | Name | Vedanta Resources plc ("Vedanta") |
| ||||
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 Ordinary Shares of US$0.10 each ISIN:GB0033277061 |
| ||||
b) | Nature of the transaction | Grant of nil-cost options over Ordinary Shares of US$0.10 under the Vedanta Resources Deferred Share Bonus Plan 2015
|
| ||||
c) | Currency | GBP - British Pound |
| ||||
d) | Price(s) and volume(s)
|
|
| ||||
e) | Aggregated information - Aggregated volume - Price |
Single Transaction |
| ||||
f) | Date of the transaction | 2017.08.25 |
| ||||
g) | Place of the transaction | London Stock Exchange (XLON) (Main Market) |
| ||||
Name of authorised official of issuer responsible for making notification
DEEPAK KUMAR, COMPANY SECRETARY
Date of notification: 30 August 2017 | |||||||
1. | Details of PDMR / person closely associated with them ("PCA") |
| |||||
a) | Name | Steven Din |
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2 | Reasons for the Notification |
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a) | Position / status | Chief Executive Officer of Konkola Copper Mines (KCM)
|
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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 ("Vedanta") |
| ||||
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 Ordinary Shares of US$0.10 each ISIN:GB0033277061 |
| ||||
b) | Nature of the transaction | Grant of nil-cost options over Ordinary Shares of US$0.10 under the Vedanta Resources Deferred Share Bonus Plan 2015
|
| ||||
c) | Currency | GBP - British Pound |
| ||||
d) | Price(s) and volume(s)
|
|
| ||||
e) | Aggregated information - Aggregated volume - Price |
Single Transaction |
| ||||
f) | Date of the transaction | 2017.08.25 |
| ||||
g) | Place of the transaction | London Stock Exchange (XLON) (Main Market) |
| ||||
Name of authorised official of issuer responsible for making notification
DEEPAK KUMAR, COMPANY SECRETARY
Date of notification: 30 August 2017 | |||||||
1. | Details of PDMR / person closely associated with them ("PCA") |
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a) | Name | Rajagopal Kishore Kumar |
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2 | Reasons for the Notification |
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a) | Position / status | Chief Executive Officer, Iron Ore
|
| ||||
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 ("Vedanta") |
| ||||
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 Ordinary Shares of US$0.10 each ISIN:GB0033277061 |
| ||||
b) | Nature of the transaction | Grant of nil-cost options over Ordinary Shares of US$0.10 under the Vedanta Resources Deferred Share Bonus Plan 2015
|
| ||||
c) | Currency | GBP - British Pound |
| ||||
d) | Price(s) and volume(s)
|
|
| ||||
e) | Aggregated information - Aggregated volume - Price |
Single Transaction |
| ||||
f) | Date of the transaction | 2017.08.25 |
| ||||
g) | Place of the transaction | London Stock Exchange (XLON) (Main Market) |
| ||||
Name of authorised official of issuer responsible for making notification
DEEPAK KUMAR, COMPANY SECRETARY
Date of notification: 30 August 2017 | |||||||
1. | Details of PDMR / person closely associated with them ("PCA") |
| |||||
a) | Name | Ajay Kumar Dixit |
| ||||
2 | Reasons for the Notification |
| |||||
a) | Position / status | Chief Executive Officer, Power
|
| ||||
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 ("Vedanta") |
| ||||
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 Ordinary Shares of US$0.10 each ISIN:GB0033277061 |
| ||||
b) | Nature of the transaction | Grant of nil-cost options over Ordinary Shares of US$0.10 under the Vedanta Resources Deferred Share Bonus Plan 2015
|
| ||||
c) | Currency | GBP - British Pound |
| ||||
d) | Price(s) and volume(s)
|
|
| ||||
e) | Aggregated information - Aggregated volume - Price |
Single Transaction |
| ||||
f) | Date of the transaction | 2017.08.25 |
| ||||
g) | Place of the transaction | London Stock Exchange (XLON) (Main Market) |
| ||||
Name of authorised official of issuer responsible for making notification
DEEPAK KUMAR, COMPANY SECRETARY
Date of notification: 30 August 2017 | |||||||
1. | Details of PDMR / person closely associated with them ("PCA") |
| |||||
a) | Name | Dilip Golani |
| ||||
2 | Reasons for the Notification |
| |||||
a) | Position / status | Director of MAS
|
| ||||
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 ("Vedanta") |
| ||||
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 Ordinary Shares of US$0.10 each ISIN:GB0033277061 |
| ||||
b) | Nature of the transaction | Grant of nil-cost options over Ordinary Shares of US$0.10 under the Vedanta Resources Deferred Share Bonus Plan 2015
|
| ||||
c) | Currency | GBP - British Pound |
| ||||
d) | Price(s) and volume(s)
|
|
| ||||
e) | Aggregated information - Aggregated volume - Price |
Single Transaction |
| ||||
f) | Date of the transaction | 2017.08.25 |
| ||||
g) | Place of the transaction | London Stock Exchange (XLON) (Main Market) |
| ||||
Name of authorised official of issuer responsible for making notification
DEEPAK KUMAR, COMPANY SECRETARY
Date of notification: 30 August 2017 | |||||||
1. | Details of PDMR / person closely associated with them ("PCA") |
| |||||
a) | Name | Abhijit Pati |
| ||||
2 | Reasons for the Notification |
| |||||
a) | Position / status | Chief Executive Officer, Aluminium |
| ||||
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 ("Vedanta") |
| ||||
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 Ordinary Shares of US$0.10 each ISIN:GB0033277061 |
| ||||
b) | Nature of the transaction | Grant of nil-cost options over Ordinary Shares of US$0.10 under the Vedanta Resources Deferred Share Bonus Plan 2015
|
| ||||
c) | Currency | GBP - British Pound |
| ||||
d) | Price(s) and volume(s)
|
|
| ||||
e) | Aggregated information - Aggregated volume - Price |
Single Transaction |
| ||||
f) | Date of the transaction | 2017.08.25 |
| ||||
g) | Place of the transaction | London Stock Exchange (XLON) (Main Market) |
| ||||
Name of authorised official of issuer responsible for making notification
DEEPAK KUMAR, COMPANY SECRETARY
Date of notification: 30 August 2017 | |||||||
Related Shares:
Vedanta Resources