Source - RNS
RNS Number : 6031J
Vedanta Resources PLC
12 September 2016
 

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)

 

 

 

 

Price(s)

Volume(s)

0.00

53,690

 

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)

 

 

 

 

Price(s)

Volume(s)

0.00

11,653

 

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)

 

 

 

 

Price(s)

Volume(s)

0.00

9,050

 

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)

 

 

 

 

Price(s)

Volume(s)

0.00

3,523

 

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)

 

 

 

 

Price(s)

Volume(s)

0.00

2,629

 

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)

 

 

 

 

Price(s)

Volume(s)

0.00

6,228

 

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)

 

 

 

 

Price(s)

Volume(s)

0.00

5,672

 

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)

 

 

 

 

Price(s)

Volume(s)

0.00

1,639

 

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)

 

 

 

 

Price(s)

Volume(s)

0.00

5,680

 

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)

 

 

 

 

Price(s)

Volume(s)

0.00

2,907

 

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)

 

 

 

 

Price(s)

Volume(s)

0.00

2,954

 

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)

 

 

 

 

Price(s)

Volume(s)

0.00

2,225

 

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

 


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