MRF - Merafe Resources Limited - Dealings in securities by executive directors
MRF
MRF
MRF - Merafe Resources Limited - 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 top up 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 of R1,51 per
ordinary share for the 30 days preceding 1 April 2011 and accepted on 8 April
2011.
These Restricted Shares are held on a direct beneficial basis.
Name Number of Restricted Value
Shares granted
SP Elliot (Chief Executive Officer) 595 587 R901 420
B McBride (Commercial Director) 363 151 R549 630
ZJ Matlala (Chief Financial Officer) 418 950 R634 081
A Mahendranath (Company secretary) 99 059 R149 926
The vesting of these shares shall be as to one third on 8 April 2014, one third
on 8 April 2015 and one third on 8 April 2016 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
12 April 2011
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 12/04/2011 14:40:01 Produced by the JSE SENS Department.
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