MRF - Merafe Resources - Dealings in securities by executive directors and
MRF
MRF
MRF - Merafe Resources - Dealings in securities by executive directors and
company secretary
MERAFE RESOURCES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/003452/06)
Share Code: MRF
ISIN: ZAE000060000
("Merafe Resources")
DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS AND COMPANY SECRETARY
In terms of paragraph 3.63 - 3.66 of the Listings Requirements of the JSE
Limited, the following information is disclosed in respect of the grant of
Restricted Shares to the executive directors and the company secretary of Merafe
Resources in terms of the Merafe Resources Limited Share Incentive Scheme
approved by shareholders on 13 April 2010.
These Restricted Shares are Merafe Resources` ordinary shares that are issued at
no cost to eligible employees at the volume weighted average price (R1,64) for
the 30 days preceding 14 April 2010, highest trading price R1,87 and lowest
trading price R1,37, and accepted on 29 April 2010.
These Restricted Shares are held on a direct beneficial basis.
Name Number of Restricted Value
Shares granted
SP Elliot (Chief Executive Officer) 2 790 000 R4 575 600
B McBride (Commercial Director) 1 660 000 R2 722 400
A Mahendranath (Company secretary) 300 000 R492 000
The vesting of these shares shall be as to one third 29 April 2013, one third 29
April 2014 and one third 29 April 2015 and are subject to a mix of time-based
and performance-based vesting criteria.
Authority to transact has been obtained and the transactions set out above were
done off-market.
Sandton
3 May 2010
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 03/05/2010 15:56:01 Produced by the JSE SENS Department.
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