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MRF
MRF
MRF - Merafe Resources Limited - 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")
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 Stuart Elliot
Company Merafe Resources Limited
Date of transaction 18 November 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 3 October 2002
Vesting date 31 December 2007
Number of securities 10 072 398
Strike price 55 cents
Strike date 1 December 2005
Vesting dates 31 December 2008 - 3 357 466
31 December 2009 - 3 357 466
31 December 2010 - 3 357 466
Number of securities 884 217
Strike price 56.5 cents
Strike date 30 June 2006
Vesting dates 30 June 2009 - 294 739
30 June 2010 - 294 739
30 June 2011 - 294 739
Total value of transactions R 6 043 332.71
Nature of interest Direct beneficial
Clearance obtained Yes
Traded on/off market Off market trade
Sale of Shares
Number of securities 10 965 351 shares
Selling price per share R1.00
Total value of transactions R 10 965 351.00
Net Proceeds R 4 922 018.29
Nature of interest Direct beneficial
Clearance obtained Yes
Traded on/off market On market trade
Sandton
21 November 2011
Sponsor:
Deutsche Securities SA (Proprietary) Limited
Date: 21/11/2011 14:28:01 Produced by the JSE SENS Department.
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