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Director's dealings in Merafe Securities
MERAFE RESOURCES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/003452/06
Share Code: MRF
ISIN: ZAE000060000
(“Merafe Resources” or “the Company”)
Director’s dealing in Merafe securities
In compliance with paragraph 3.63 – 3.66 of the JSE Limited Listings
Requirements, we hereby advise the following dealing by a director in
Merafe securities:
Director Bruce McBride
Company Merafe Resources Limited
Date of transaction 3 September 2014
Nature of transaction Exercise and sale of share options
Exercise of share options
Number of securities 2 000 000
Strike price 55 cents
Strike date 01 December 2005
Vesting date 1 123 668 - 31 December 2009
876 332 – 31 December 2010
Total value of transactions R 1 100 000
Nature of interest Direct beneficial
Clearance obtained Yes
Traded on/off market Off market trade
Sale of shares
Number of securities 2 000 000
Highest selling price R1.3737
Lowest selling price R1.3379
Average selling price R1.3538
Total value of transactions R2 707 845. 73
Net Proceeds R 1 607 845.73
Nature of interest Direct beneficial
Clearance obtained Yes
Traded on/off market On market trade
Sandton
04 September 2014
Sponsor:
Merrill Lynch South Africa Proprietary Limited
Date: 04/09/2014 12:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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