MERAFE RESOURCES LIMITED - Directors Dealings In Securities
MRF 201703290032A
Directors’ Dealings In Securities
MERAFE RESOURCES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/003452/06
Share Code: MRF
ISIN: ZAE000060000
DIRECTORS’ DEALINGS IN SECURITIES
In accordance with the requirements of paragraph 3.63 to 3.74 of the JSE
Listings Requirements, the following information is disclosed:
Name of Director Kajal Bissessor
Company Merafe Resources Limited
Date of exercise 28 March 2017
Nature of transaction Exercise of share options
Number of securities 3 000 000
Strike price 69 cents
Issue date 9 March 2009
Vesting date 9 March 2014
Exercise price 172 cents
Total value of transaction R 3 090 000
Nature of interest Direct beneficial
Clearance obtained Yes
Traded on/off market Off market
Name of Director Zanele Matlala
Company Merafe Resources Limited
Date of exercise 28 March 2017
Nature of transaction Exercise of share options
Number of securities 5 309 546
Strike price 136 cents
Issue date 1 October 2010
Vesting date 1 October 2016
Exercise price 172 cents
Total value of transaction R 1 911 436
Nature of interest Direct beneficial
Clearance obtained Yes
Traded on/off market Off market
In terms of the Merafe Share Incentive Scheme (“Scheme”) 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 options in cash.
Sandton
29 March 2017
Sponsor:
Merrill Lynch South Africa Proprietary Limited
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