MERAFE RESOURCES LIMITED - Dealings in securities by directors of Merafe
MRF 201606140024A
Dealings in securities by directors of Merafe
MERAFE RESOURCES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/003452/06
Share Code: MRF
ISIN: ZAE000060000
(“Merafe”)
DEALINGS IN SECURITIES BY DIRECTORS OF MERAFE
In compliance with paragraphs 3.63 – 3.66 of the Listings Requirements of
the JSE Limited the following information is provided:
Vesting of shares in terms of the Share Incentive Scheme
In terms of the Merafe Share Incentive Scheme (“scheme”) the following
grant shares vested on 13 June 2016. The company has the right, at its
election, either to issue new shares or settle in cash. The company has
opted to settle the respective grant shares in cash.
Name of director: Zanele Matlala
Nature of transaction: Vesting of shares in terms of the
scheme
Number of shares vested: 1 488 583
Issued price per share: Nil
Strike price per share 96.86 cents
Total value of shares vesting: R1 441 841
Total settlement value: R1 441 841
Type of trade: Off market
Class of security: Ordinary shares
Extent of director's
interest in the transaction: Direct beneficial
Clearance obtained: Yes
Sandton
14 June 2016
Sponsor:
Merrill Lynch South Africa Proprietary Limited
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