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MERAFE RESOURCES LIMITED - Dealing in Securities by a Director

Release Date: 03/10/2013 08:30
Code(s): MRF     PDF:  
Wrap Text
Dealing in Securities by a Director

MERAFE RESOURCES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/003452/06
Share Code: MRF
ISIN: ZAE000060000
(“Merafe”)

DEALING IN SECURITIES BY A DIRECTOR

In compliance with paragraphs 3.63 – 3.66 of the Listings
Requirements of the JSE Limited the following information
is provided:

In terms of the group Share Incentive Scheme (“Scheme”)
the following grant shares vest on 01 October 2013 and
the company has the right, at its election, either to
issue new shares or settle in cash. The company has opted
to settle the grant shares in cash.

Name of director:                 Zanele Matlala
Transaction date:                 01 October 2013
Nature of transaction:            Vesting of grant
                                  shares in terms of the
                                  Scheme
Number of shares vested:          342 821
Issued price per share:           Nil
Strike price per share            R0,6367
Total value of shares vesting:    R218 274
Total settlement value:           R218 274
Type of trade:                    Off market
Class of security:                Ordinary shares
Extent of director's
interest in the transaction:          Direct beneficial

Prior written approval was obtained.

Sandton
3 October 2013

Sponsor:
Merrill Lynch South Africa Proprietary Limited

Date: 03/10/2013 08:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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