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Director/PDMR shareholding

4th Oct 2017 16:46

RNS Number : 7348S
Vedanta Resources PLC
04 October 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

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

 

b)

Nature of the transaction

On 2 October 2017, pursuant to a financing facility arrangement with J.P. Morgan, London ('J.P. Morgan') entered into by Volcan Investments Limited ('Volcan'), J.P. Morgan released a security previously granted over USD35,000,000 6% Vedanta Resources plc due 2019 corporate bonds.

Volcan subsequently sold USD27,000,000 6% Vedanta Resources plc due 2019 corporate bonds.

 

c)

Currency

USD

 

d)

Price(s) and volume(s

 

1. Price - 102.875%

Volume - USD 15 million at Nominal Value

2. Price - 103%

Volume - USD 12 million at Nominal Value

 

e)

Aggregated information

- Aggregated volume

- Price

 

 

Volume - USD 27 million at Nominal Value

Price - 102.93%

 

 

f)

Date of the transaction

2 October 2017

 

g)

Place of the transaction

Outside a trading venue

 

Name of authorised official of issuer responsible for making notification

 

DEEPAK KUMAR, COMPANY SECRETARY

 

Date of notification: 4 October 2017

 

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