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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 Bruce McBride
Company Merafe Resources Limited
Date of transaction 02 December 2011
Nature of transaction Exercise of options and sale of shares
Class of securities Ordinary shares
Exercise of Options
Number of securities 566 202
Strike price 55 cents
Strike date 1 December 2005
Vesting date 31 December 2008
Number of securities 2 233 798
Strike price 55 cents
Strike date 1 December 2005
Vesting date 31 December 2009
Total value of transactions R 1 540 000.00
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 R0.9414
Total value of transaction R 2 635 920.00
Net Proceeds R1 095 920.00
Nature of interest Direct beneficial
Clearance obtained Yes
Traded on/off market On market trade
Sandton
05 December 2011
Sponsor:
Deutsche Securities SA (Proprietary) Limited
Date: 05/12/2011 16:00:01 Produced by the JSE SENS Department.
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