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MRF
MRF
MRF - Merafe Resources Limited - Non-Executive Director`s share dealings
MERAFE RESOURCES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/003452/06
Share Code: MRF
ISIN: ZAE000060000
("Merafe Resources" or "the Company")
NON-EXECUTIVE DIRECTOR`S SHARE DEALINGS
In accordance with the requirements of paragraph 3.63 to 3.74 of the JSE
Listings Requirements the following information is disclosed:
Director Steve Phiri
Company Merafe Resources Limited
Date of transaction 03 November 2010
Nature of transaction Exercise of options and sale of shares
Class of securities Ordinary shares
Exercise of Options
Number of securities 507 036
Strike price 55 cents
Strike date 30 November 2005
Vesting date 31 December 2008
Number of securities 3 357 466
Strike price 55 cents
Strike date 30 November 2005
Vesting date 31 December 2009
Number of securities 294 739
Strike price 56.5 cents
Strike date 30 June 2006
Vesting date 30 June 2009
Number of securities 147 368
Strike price 56.5 cents
Strike date 30 June 2006
Vesting date 30 June 2010
Total value of transactions R 2 375 267.12
Nature of interest Direct beneficial
Clearance obtained Yes
Traded on/off market Off market trade
Sale of Shares
Number of securities 4 306 609 shares
VWAP R1.3987
Highest price traded R1.40
Lowest price traded R1.38
Total value of transactions R 6 023 649.93
Nature of interest Direct beneficial
Clearance obtained Yes
Traded on/off market On market trade
Sandton
04 November 2010
Sponsor:
Deutsche Securities SA (Proprietary) Limited
Date: 04/11/2010 12:31:01 Produced by the JSE SENS Department.
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