NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION.
FOR IMMEDIATE RELEASE
1 October 2018
RECOMMENDED CASH OFFER
for
Vedanta Resources Plc
by
Volcan Investments Limited
Announcement of Cancellation of Listing
On 31 July 2018, Volcan Investments Limited ("Volcan Investments") and Vedanta Resources Plc ("Vedanta Resources") announced that they had reached agreement on the terms of a recommended cash offer by Volcan Investments for the remaining issued and to be issued share capital of Vedanta Resources not currently owned by Volcan Investments (the "Offer"). The Offer is to be effected by means of a takeover offer within the meaning of Part 28 of the Companies Act 2006. The Offer was made on 3 August 2018, the terms of which are set out in the offer document published by Volcan Investments on the same day (the "Offer Document").
Further to the announcement by Volcan Investments on 3 September 2018 that the Offer has become unconditional in all respects, Vedanta confirms that the listing of Vedanta Shares on the Official List of the UK Listing Authority and the trading of Vedanta Shares on the main market for listed securities of the London Stock Exchange has been cancelled with effect from 8.00 a.m. today.
Defined terms used in this announcement have the same meaning as given to them in the Offer Document unless stated otherwise.
Enquiries:
Vedanta Resources Plc | Tel:+44 020 7499 5900 |
Arun Kumar | |
Viral Gathani | |
Rashmi Mohanty | |
J.P. Morgan Cazenove(lead financial adviser to Volcan Investments | Tel: +44 207 742 4000 |
Charles Harman | |
Barry Weir | |
Jamie Riddell | |
James Robinson | |
Credit Suisse International(financial adviser to Volcan Investments) | Tel:+ 44 207 888 8888 |
Mark Echlin | |
Joe Hannon | |
Emil Huseynov | |
Kush Nanjee | |
Finsbury(Public Relations Adviser to the Independent Committee) | Tel: +44 207 251 3801 |
Daniela Fleischmann | |
Humza Vanderman |
Vedanta Resources LEI Number: 2138007MYEKPEAZQTW83
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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Vedanta Resources plc published this content on 01 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 01 October 2018 08:46:01 UTC