MRF - Merafe Resources Limited - Dealings in securities by Executive Director
MRF
MRF
MRF - Merafe Resources Limited - Dealings in securities by Executive Director
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 DIRECTOR
In terms of paragraph 3.63 - 3.66 of the Listings Requirements of the JSE
Limited, the following information is disclosed in respect of appointment as CEO
and the top up grant of Restricted Shares to the executive director 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 the eligible employee at the volume weighted average price of R0.81
cents per ordinary share for the 30 days preceding 13 June 2012 and accepted on
13 June 2012.
These Restricted Shares are held on a direct beneficial basis.
Name Number of Restricted Value
Shares granted
ZJ Matlala (Chief Executive Officer) 4 465 749 R3 617 257
The vesting of these shares shall be one third on 13 June 2015, one third on 13
June 2016 and one third on 13 June 2017 and are subject to a combination of
time-
based and performance-based vesting criteria, as applicable to all executive
directors.
Authority to transact has been obtained and the transactions set out above were
done off-market.
Sandton
15 June 2012
Sponsor:
Merrill Lynch South Africa Proprietary Limited
Date: 15/06/2012 13:00:03 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
