Dealings in securities by a director of Merafe
Merafe Resources Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1987/003452/06)
JSE share code: MRF
(“Merafe” or the “Company”)
DEALINGS IN SECURITIES BY A DIRECTOR OF MERAFE
In compliance with paragraphs 3.63 – 3.66 of the Listings Requirements of the JSE Limited the following
information is provided:
Share grant allocation
In terms of the Scheme approved by shareholders on 13 April 2010 Merafe has issued share grants to
an executive director.
These Restricted Shares are issued at no cost to the executive director at the volume weighted average
price of R1.68 per ordinary share for 6 August 2018 and was accepted on 6 August 2018.
Name of director: Ditabe Chocho (Financial Director)
Date of transaction: 6 August 2018
Class of security: Ordinary shares
Nature of transaction: Acceptance of Restricted Shares in terms of the
Number of Restricted Shares accepted: 624 999
Total value of transaction: R1 049 998.32
Periods of vesting: These Restricted Shares shall vest in three
tranches, one third on 6 August 2021, one third
on 6 August 2022 and one third on 6 August 2023
and are subject to performance based vesting
Transaction completed: Off market
Extent of director's interest in the transaction: Direct beneficial
Clearance obtained: Yes
7 August 2018
Date: 07/08/2018 02:47:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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