MERAFE RESOURCES LIMITED - Dealings in securities by a director of Merafe

Release Date: 07/08/2018 14:47
Code(s): MRF
 
Wrap Text
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
ISIN: ZAE000060000
(“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
                                                     Scheme
 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
                                                     criteria.
 Transaction completed:                              Off market
 Extent of director's interest in the transaction:   Direct beneficial
 Clearance obtained:                                 Yes


Sandton
7 August 2018

Sponsor
One Capital

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'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Share This Story