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”)


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

One Capital

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