Vedanta Resources PLC Director/PDMR Shareholding (2700Y)
14 May 2016 - 2:16AM
UK Regulatory
TIDMVED
RNS Number : 2700Y
Vedanta Resources PLC
13 May 2016
Vedanta Resources plc (the "Company")
Notification of Transactions of Directors/Persons Discharging
Managerial Responsibility and Connected Persons- Award of
Options
On 12 May 2016, the below mentioned person discharging
managerial responsibility (PDMR) of Vedanta Resources plc have been
granted the following conditional options over ordinary shares of
US$10 cents each under the Vedanta Performance Share Plan ("PSP").
The exercise price of each option is US$ 10 cents.
NAME No of options granted
under the PSP in 2015
------------- -----------------------
Samir Caire 32,000
------------- -----------------------
The vesting of the Vedanta PSP awards are subject to performance
conditions over a three year performance period. Accordingly, the
awards will vest on the third anniversary of the date of grant,
subject to meeting the performance conditions.
The awards were approved by the Company's Remuneration Committee
on 10(th) May 2016 effective from 12(th) May 2016 and, accordingly,
the Company was notified of the grants of awards on 12(th) May
2016. This transaction took place in London. This notification is
made pursuant to Disclosure Rule 3.1.4.
Should you have any queries concerning this announcement, please
contact Deepak Kumar, Company Secretary on 020 7499 5900.
Deepak Kumar
Company Secretary
Vedanta Resources plc
13 May 2016
This information is provided by RNS
The company news service from the London Stock Exchange
END
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