MERAFE RESOURCES LIMITED
(Incorporated in the Republic of South Africa) (Registration number 1987/003452/06
Share Code: MRF ISIN: ZAE000060000
DIRECTORS' DEALINGS IN SECURITIESIn 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
Merafe Resources Ltd. published this content on 29 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 March 2017 15:24:03 UTC.
Original documenthttp://www.overend.co.za/download/exercise_of_share_options.pdf
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