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MERAFE RESOURCES LIMITED - Dealings in securities by Directors of Merafe

Release Date: 05/05/2016 17:03
Code(s): MRF     PDF:  
Wrap Text
Dealings in securities by Directors of Merafe

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


DEALINGS IN SECURITIES BY DIRECTORS OF MERAFE

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

Vesting of shares in terms of the Share Incentive Scheme

In terms of the Merafe Share Incentive Scheme (“scheme”) the following
grant shares vest on 4 May 2016. The company has the right, at its
election, either to issue new shares or settle in cash. The company has
opted to settle the respective grant shares in cash.


Name of director:                         Kajal Bissessor
Nature of transaction:                    Vesting of shares in terms of the
                                          Scheme
Number of shares vested:                  70 754
Issued price per share:                   Nil
Strike price per share                    86.4 cents
Total value of shares vesting:            R61 131
Total settlement value:                   R61 131
Type of trade:                            Off market
Class of security:                        Ordinary shares
Extent of director's
interest in the transaction:              Direct beneficial
Clearance obtained:                       Yes


Name of director:                         Zanele Matlala
Nature of transaction:                    Vesting of shares in terms of the
                                          scheme
Number of shares vested:                  183 951
Issued price per share:                   Nil
Strike price per share                    86.4 cents
Total value of shares vesting:            R158 934
Total settlement value:                   R158 934
Type of trade:                            Off market
Class of security:                        Ordinary shares
Extent of director's
interest in the transaction:              Direct beneficial
Clearance obtained:                       Yes


Sandton
5 May 2016

Sponsor:
Merrill Lynch South Africa Proprietary Limited

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