4th Oct 2017 16:46
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") |
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a) | Name | ANIL AGARWAL (being a PDMR) |
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2 | Reasons for the Notification |
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a) | Position / status | Notification relates to a PCA of Anil Agarwal, VOLCAN INVESTMENTS LIMITED |
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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 (the "COMPANY") |
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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 | 6 % Bonds Vedanta Resources PLC Due 2019 Sr Reg S, ISIN USG9328DAH38 |
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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. |
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c) | Currency | USD |
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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 |
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e) | Aggregated information - Aggregated volume - Price |
Volume - USD 27 million at Nominal Value Price - 102.93%
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f) | Date of the transaction | 2 October 2017 |
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g) | Place of the transaction | Outside a trading venue |
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Name of authorised official of issuer responsible for making notification
DEEPAK KUMAR, COMPANY SECRETARY
Date of notification: 4 October 2017 | ||||
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