Enhanced Investments - Financial Portal

Dealings in securities by directors of Merafe

Published: 2024-04-02 16:12:33 ET

Merafe Resources Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1987/003452/06)
JSE and A2X share code: MRF
ISIN: ZAE000060000
(“Merafe” or the “Company”)

DEALINGS IN SECURITIES BY DIRECTORS OF MERAFE

In compliance with paragraphs 3.63 – 3.66 of the Listings Requirements of the JSE Limited,
shareholders are advised that in terms of the Merafe Resources Limited Share Incentive Scheme
(“Scheme”), Merafe has issued the annual share grant allocation of Grant Shares (as defined in the
Scheme) to the executive directors.

These Grant Shares are issued at no cost to the executive directors at the volume weighted average
price of R1.58 per ordinary share for 28 March 2024 and were accepted on 1 April 2024.

 Class of security:                         Ordinary shares
 Nature of transactions:                    Acceptance of Grant Shares in terms of the Scheme
 Periods of vesting:                        These Grant Shares shall vest in three tranches, one third
                                            on 1 April 2027, one third on 1 April 2028 and one third on
                                            1 April 2029 and are subject to performance-based vesting
                                            criteria
 Transactions completed:                    Off market
 Nature and extent of directors’ interest
 in the transactions:                       Direct beneficial
 Clearance obtained:                        Yes


Acceptance 1

 Name of director:                          Zanele Matlala (Chief Executive Officer of the Company)
 Number of Grant Shares accepted:           2 732 014
 Total value of transaction:                R4 316 582.12


Acceptance 2

 Name of director:                          Ditabe Chocho (Financial Director of the Company)
 Number of Grant Shares accepted:           1 385 838
 Total value of transaction:                R2 189 624.04


Sandton
2 April 2024

Sponsor
One Capital

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.