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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 Bruce McBride
Company Merafe Resources Limited
Date of transaction 12 October 2011
Nature of transaction Exercise of options and sale of shares
Class of securities Ordinary shares
Exercise of Options
Number of securities 8 736
Strike price 45 cents
Strike date 2 October 2002
Vesting date 31 December 2007
Number of securities 2 791 264
Strike price 55 cents
Strike date 1 December 2005
Vesting date 31 December 2008
Total value of transactions R 1 539 126.40
Nature of interest Direct beneficial
Clearance obtained Yes
Traded on/off market Off market trade
Sale of Shares
Number of securities 2 800 000 shares
Selling price per share R0.9564
Total value of transaction R 2 677 920.00
Nature of interest Direct beneficial
Clearance obtained Yes
Traded on/off market On market trade
Sandton
14 October 2011
Sponsor:
Deutsche Securities SA (Proprietary) Limited
Date: 14/10/2011 12:01:05 Produced by the JSE SENS Department.
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