MRF
MRF
MRF - Merafe Resources Limited - Director`s dealing in Merafe securities
MERAFE RESOURCES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/003452/06
Share Code: MRF
ISIN: ZAE000060000
("Merafe")
Director`s dealing in Merafe securities
In compliance with paragraph 3.63 - 3.66 of the JSE Limited Listings
Requirements, we hereby announce the following transaction by a director in
Merafe`s securities:
Director: Steve Phiri
Company: Merafe
Designation: Non-executive director
Date of transaction: 21 September 2010
Option offer date 1 May 2003
Option offer price/strike price R0.54c
Exercise date 21 September 2010
Number of shares 1.5 million
Class of shares Ordinary shares of 1 cent each
Nature of transaction Sale of shares on-market pursuant to
implementation of options
Total value of purchase R810,000.00
transaction
Selling price per share R1.48c
Total value of sale transaction R2,220,000.00
Number of securities: 1.5 million
Nature and extent of director`s Direct beneficial
interest
Clearance given in terms of Yes
paragraph 3.66
Sandton
23 September 2010
Sponsor:
Deutsche Securities (SA) (Proprietary) Limited
Date: 23/09/2010 15:30:01 Produced by the JSE SENS Department.
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