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 DTR 3.1.4(1)(a).
On , awards over ordinary shares of each in (the 'Company') were made to certain persons discharging managerial responsibilities ('PDMRs') under the Vedanta Resources Deferred Share Bonus Plan 2015, as follows:
Name of PDMR
|
Number of Shares held under award
|
Tom Albanese
|
41,939
|
Tarun Jain
|
17,259
|
DD Jalan
|
13,658
|
Kishore Kumar
|
7,135
|
Akhilesh Joshi
|
10,668
|
Dilip Golani
|
7,950
|
Roma Balwani
|
3,805
|
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 , the cash portion of which was paid on or around .
Subject to the participant continuing to be a director or employee in the group of companies, awards shall normally vest as follows.
(a) Awards to Mr 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 ;
2. 30% of the total number of shares held under an award shall vest on ; and
3. 30% of the total number of shares held under an award shall vest on ; and
(b) Awards to Mr , Mr DD Jalan, Mr , Mr , Mr and Mrs 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 ; and
2. 50% of the total number of shares held under an award shall vest on .
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 .
Once vested awards will normally remain exercisable until the day before provided the individual remains a director or employee within the group of companies.
The Company was informed of the above transactions on .
For any queries in respect of the above, please contact:
Tel: 020 7459 5900
Company Secretary