12th Sep 2016 16:10
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 Market Abuse Regulation 19 (3)
On 12 September 2016, 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
Name of PDMR | Number of Shares held under award |
Tom Albanese | 53,690 |
Tarun Jain | 11,653 |
Din Dayal Jalan | 9,050 |
Sunil Duggal | 3,523 |
Samir Cairae | 2,629 |
Steven Din | 6,228 |
Rajagopal Kishore Kumar | 5,672 |
Ajay Kumar Dixit | 1,639 |
Dilip Golani | 5,680 |
Roma Balwani | 2,907 |
Abhijit Pati | 2,954 |
P Ramnath | 2,225 |
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 2016, the cash portion of which was paid on or around 1 September 2016.
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 1 September 2017;
2. 30% of the total number of shares held under an award shall vest on 1 September 2018; and
3. 30% of the total number of shares held under an award shall vest on 1 September 2019; and
(b) Awards to Mr Tarun Jain, Mr Din Dayal Jalan, Mr Sunil Duggal, Mr Samir Cairae, Mr Steven Din, Mr Kishore Kumar, Mr Ajay Kumar Dixit, Mr Dilip Golani, Mrs Roma Balwani, Mr Abhijit Pati and P Ramnath 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 1 September 2017; and
2. 50% of the total number of shares held under an award shall vest on 1 September 2018.
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 1 September 2016.
Once vested awards will normally remain exercisable until the day before 1 September 2026 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 12 September 2016
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 | Tom Albanese |
| |||||
2 | Reasons for the Notification |
| ||||||
a) | Position / status | Chief Executive Officer
|
| |||||
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 | N/A |
| |||||
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 | 2016.09.12 |
| |||||
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: 12 September 2016 | ||||||||
1. | Details of PDMR / person closely associated with them ("PCA") |
| ||||||
a) | Name | Tarun Jain |
| |||||
2 | Reasons for the Notification |
| ||||||
a) | Position / status | Director of Finance
|
| |||||
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 | N/A |
| |||||
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 | 2016.09.12 |
| |||||
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: 12 September 2016 | ||||||||
1. | Details of PDMR / person closely associated with them ("PCA") |
| ||||||
a) | Name | Din Dayal Jalan |
| |||||
2 | Reasons for the Notification |
| ||||||
a) | Position / status | Chief Financial Officer
|
| |||||
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 | N/A |
| |||||
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 | 2016.09.12 |
| |||||
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: 12 September 2016 | ||||||||
1. | Details of PDMR / person closely associated with them ("PCA") |
| ||||||
a) | Name | Sunil Duggal |
| |||||
2 | Reasons for the Notification |
| ||||||
a) | Position / status | Chief Executive Officer, Hindustan Zinc
|
| |||||
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 | N/A |
| |||||
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 | 2016.09.12 |
| |||||
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: 12 September 2016 | ||||||||
1. | Details of PDMR / person closely associated with them ("PCA") |
| ||||||
a) | Name | Samir Cairae |
| |||||
2 | Reasons for the Notification |
| ||||||
a) | Position / status | Chief Executive Officer of Diversified Metals (India)
|
| |||||
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 | N/A |
| |||||
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 | 2016.09.12 |
| |||||
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: 12 September 2016 | ||||||||
1. | Details of PDMR / person closely associated with them ("PCA") |
| ||||||
a) | Name | Steven Din |
| |||||
2 | Reasons for the Notification |
| ||||||
a) | Position / status | Chief Executive Officer of Konkola Copper Mines (KCM)
|
| |||||
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 | N/A |
| |||||
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 | 2016.09.12 |
| |||||
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: 12 September 2016 | ||||||||
1. | Details of PDMR / person closely associated with them ("PCA") |
| ||||||
a) | Name | Rajagopal Kishore Kumar |
| |||||
2 | Reasons for the Notification |
| ||||||
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 | N/A |
| |||||
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 | 2016.09.12 |
| |||||
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: 12 September 2016 | ||||||||
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 | N/A |
| |||||
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 | 2016.09.12 |
| |||||
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: 12 September 2016 | ||||||||
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 | N/A |
| |||||
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 | 2016.09.12 |
| |||||
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: 12 September 2016 | ||||||||
1. | Details of PDMR / person closely associated with them ("PCA") |
| ||||||
a) | Name | Roma Balwani |
| |||||
2 | Reasons for the Notification |
| ||||||
a) | Position / status | President of Group Communications, Sustainability and Corporate Social Responsibility |
| |||||
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 | N/A |
| |||||
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 | 2016.09.12 |
| |||||
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: 12 September 2016 | ||||||||
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 | N/A |
| |||||
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 | 2016.09.12 |
| |||||
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: 12 September 2016 | ||||||||
1. | Details of PDMR / person closely associated with them ("PCA") |
| |||||
a) | Name | P Ramnath |
| ||||
2 | Reasons for the Notification |
| |||||
a) | Position / status | Chief Executive Officer, Vedanta Limited - Copper Business |
| ||||
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 | N/A |
| ||||
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 | 2016.09.12 |
| ||||
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: 12 September 2016 | |||||||
Related Shares:
Vedanta Resources