5th Feb 2007 15:21
Vedanta Resources PLC05 February 2007 NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIALRESPONSIBILITY AND CONNECTED PERSONS This form is intended for use by an issuer to make a RIS notification requiredby DR 3.1.4R(1). (1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.(2) An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.(3) An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.(4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. Please complete all relevant boxes in block capital letters. 1. Name of the issuer Vedanta Resources Plc 2. State whether the notification relates to (i) a transaction notified inaccordance with DR 3.1.4R(1)(a); or (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or(iii) both (i) and (ii) The notification relates to a transaction notified in accordance with DR3.1.4(R)(1)(a). 3. Name of person discharging managerial responsibilities/director Tarun JainCV KrishnanDD JalanMS MehtaDhanpal JhaveriS VenkateshC P BaidPramod SuriKishore KumarAjay PaliwalSK RathiBK SharmaDilip GolaniDeepak Kumar 4. State whether notification relates to a person connected with a persondischarging managerial responsibilities/director named in 3 and identify theconnected person 5. Indicate whether the notification is in respect of a holding of the personreferred to in 3 or 4 above or in respect of a non-beneficial interest 6. Description of shares (including class), debentures or derivatives orfinancial instruments relating to shares 7. Name of registered shareholders(s) and, if more than one, the number ofshares held by each of them 8 State the nature of the transaction 9. Number of shares, debentures or financial instruments relating to sharesacquired 10. Percentage of issued class acquired (treasury shares of that class shouldnot be taken into account when calculating percentage) 11. Number of shares, debentures or financial instruments relating to sharesdisposed 12. Percentage of issued class disposed (treasury shares of that class shouldnot be taken into account when calculating percentage) 13. Price per share or value of transaction 14. Date and place of transaction 15. Total holding following notification and total percentage holding followingnotification (any treasury shares should not be taken into account whencalculating percentage) 16. Date issuer informed of transaction If a person discharging managerial responsibilities has been granted options bythe issuer complete the following boxes 17 Date of grant On 1 February 2007, the following individuals received awards under the VedantaResources Long Term Incentive Plan: Tarun JainCV KrishnanDD JalanMS MehtaDhanpal JhaveriS VenkateshC P BaidPramod SuriKishore KumarAjay PaliwalSK RathiBK SharmaDilip GolaniDeepak Kumar 18. Period during which or date on which it can be exercised The awards will vest on the first anniversary of the date of grant. 19. Total amount paid (if any) for grant of the option No amount was paid in relation to the grant of the awards. 20. Description of shares or debentures involved (class and number) Awards under the Vedanta Resources Long Term Incentive Plan over 59,000 ordinaryshares in Vedanta Resources plc have been granted as follows: Tarun Jain 9,000CV Krishnan 6,000DD Jalan 4,500MS Mehta 4,500Dhanpal Jhaveri 4,500S Venkatesh 4,500C P Baid 4,500Pramod Suri 3,750Kishore Kumar 3,750Ajay Paliwal 3,500SK Rathi 3,000BK Sharma 3,000Dilip Golani 3,000Deepak Kumar 1,500 The numbers of ordinary shares stated above are the maximum available to eachPDMR on satisfaction in full of the performance targets applicable to theawards. 21. Exercise price (if fixed at time of grant) or indication that price is to befixed at the time of exercise An exercise price per share equal to US$0.10 is payable on exercise of theawards. 22. Total number of shares or debentures over which options held followingnotification Following the grant of awards on 1 February 2007, each of the PDMRs to whomawards were granted holds awards over the number of ordinary shares in VedantaResources plc set out below: Tarun Jain 84,000CV Krishnan 31,000DD Jalan 42,000MS Mehta 42,000Dhanpal Jhaveri 44,500S Venkatesh 44,500C P Baid 37,000Pramod Suri 23,750Kishore Kumar 23,250Ajay Paliwal 18,500SK Rathi 20,500BK Sharma 25,500Dilip Golani 23,000Deepak Kumar 6,500 23. Any additional information The grant of awards subject to a one year vesting period under the LTIP has beenallowed to retain skilled PDMR's whose continued service in the VedantaResources plc group is considered to be critical to the group. No ExecutiveDirectors have been granted any awards which are subject to a one year vestingperiod. 24. Name of contact and telephone number for queries Deepak Kumar 020 74995900 Name and signature of duly authorised officer of issuer responsible for makingnotification Deepak Kumar Date of notification 5th February 2007 END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Vedanta Resources