MRF
MRF
MRF - Merafe Resources Limited - Director`s share dealing
MERAFE RESOURCES LIMITED
(Incorporated in the Republic of South Africa)
Company Registration Number: 1987/003452/06
Share code: MRF ISIN: ZAE000060000
("Merafe")
Director`s share dealing
In accordance with the requirements of paragraph 3.63 to 3.74 of the JSE
Limited Listings Requirements, the following information is disclosed:
Director: SP Elliot
Date of transaction: 13 March 2012
Expiry date: 7 May 2012
Trade type: OTC
Option style: European
Underlying: Merafe ordinary shares
Face value: R2 706 610.00
Nature of interest: Direct beneficial
Number of shares: 3 100 000
Spot: R0.873
Counterparty Sells: R0.95 Strike Put
Counterparty Buys: R0.98 Strike Call
Net Premium: R233 603.77
Nature of transaction: Unwind of the Zero cost collar entered into on
15 December 2011 and the subsequent
settlement. Therefore, Mr Elliot has retained
his shareholding in Merafe in this regard.
Clearance obtained: Yes
Johannesburg
14 March 2012
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 14/03/2012 16:51:02 Produced by the JSE SENS Department.
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