13th Apr 2005 07:00
Vedanta Resources PLC13 April 2005 13th April 2005 Vedanta Resources plc Offer to Minority Shareholders of MALCO Vedanta Resources plc, the London listed metals and mining company, announcesthat the offer being made to minority shareholders in MALCO, who own 20% of theoutstanding shares, has lapsed. This offer was carried out by way of a reverse book build at a price of INR240,17% above the current share price. Acceptances did not reach the required levelof 90%. In accordance with Indian regulations, Vedanta's holding of MALCO willremain at 80%. ENDS For further information, please contact: Peter Sydney-Smith, Finance Director John Smelt, Head of Investor Relations Vedanta Resources plc Tel: +44 20 7659 4734 +44 787 964 2675 James Murgatroyd Faeth BirchFinsbury Tel: +44 20 7251 3801 Notes to Editors: Vedanta is a London listed diversified metals and mining group. Our principaloperations are located throughout India, with further operations in Zambia andAustralia. The major metals produced are aluminium, copper, zinc and lead. MALCO (The Madras Aluminium Company) comprises two bauxite mines and the MetturDam smelting and refining complex. It has a capacity of 35,000 tpa of aluminium.It is the only aluminium smelter in Southern India. Through a wholly ownedsubsidiary, Vedanta currently holds 80% of the outstanding shares in MALCO. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Vedanta Resources