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MERAFE RESOURCES LIMITED - Dealings in securities by directors of Merafe

Release Date: 02/04/2024 15:12
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)
JSE and A2X 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,
shareholders are advised that in terms of the Merafe Resources Limited Share Incentive Scheme
("Scheme"), Merafe has issued the annual share grant allocation of Grant Shares (as defined in the
Scheme) to the executive directors.

These Grant Shares are issued at no cost to the executive directors at the volume weighted average
price of R1.58 per ordinary share for 28 March 2024 and were accepted on 1 April 2024.

 Class of security:                         Ordinary shares
 Nature of transactions:                    Acceptance of Grant Shares in terms of the Scheme
 Periods of vesting:                        These Grant Shares shall vest in three tranches, one third
                                            on 1 April 2027, one third on 1 April 2028 and one third on
                                            1 April 2029 and are subject to performance-based vesting
 Transactions completed:                    Off market
 Nature and extent of directors' interest
 in the transactions:                       Direct beneficial
 Clearance obtained:                        Yes

Acceptance 1

 Name of director:                          Zanele Matlala (Chief Executive Officer of the Company)
 Number of Grant Shares accepted:           2 732 014
 Total value of transaction:                R4 316 582.12

Acceptance 2

 Name of director:                          Ditabe Chocho (Financial Director of the Company)
 Number of Grant Shares accepted:           1 385 838
 Total value of transaction:                R2 189 624.04

2 April 2024

One Capital

Date: 02-04-2024 03:12:00
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