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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: 18 November 2010
Option offer date November 2005
Option offer price/strike price R0.55c
Exercise date 18 November 2010
Number of shares 1 007 240
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 transaction R 553,982.00
Selling price per share R1.6259c
Total value of sale transaction R1 637 671.52
Nature and extent of director`s interest Direct beneficial
Clearance given in terms of paragraph 3.66 Yes
Shareholders are referred to the non-executive director`s dealings announcement
dated 04 November 2010 in which it was erroneously stated that Steve Phiri
purchased 4 306 609 shares at R 2 375 267.12. The total number of shares
purchased were 3 122 071 at R 1 723 771.42. The rest of the information
disclosed in the non-executive director`s dealing announcement dated 04 November
2010 is correct.
Sandton
22 November 2010
Sponsor:
Deutsche Securities (SA) (Proprietary) Limited
Date: 22/11/2010 16:05:01 Produced by the JSE SENS Department.
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