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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
R0.88 cents per ordinary share for the 30 days preceding 4 May 2012 and were
accepted on 4 May 2012.
These Restricted Shares are held on a direct beneficial basis.
Name Number of Value
Restricted
Shares granted
SP Elliot (Chief Executive Officer) 784 525 R690 382
B McBride (Commercial Director) 478 354 R420 952
ZJ Matlala (Chief Financial Officer) 551 854 R485 632
A Mahendranath (Company secretary) 78 359 R 68 956
The vesting of these shares shall be one third on 4 May 2015, one third on 4
May 2016 and one third on 4 May 2017 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
8 May 2012
Sponsor:
Merrill Lynch South Africa Proprietary Limited
Date: 08/05/2012 13:24:01 Produced by the JSE SENS Department.
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