MERAFE RESOURCES LIMITED INTEGRATED
ANNUAL REPORT 2023

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Shareholder information

1. Distribution of shareholders
 

The following distribution of shareholders existed at 31 December 2023:

Ordinary shares Number of
shareholders 		% of
shareholders 		Number of
shares 		% of issued
shares
Public shareholders 14,449 99.99 2,495,573,305 99.86
Non-public shareholders 2 0.01 3,553,565 0.14
  14,451 100 2,499,126,870 100
Where non-public shareholders consist of:        
Directors and Associates of the Company 2 0.01 3,553,565 0.14
         
Shareholder spread Number of
shareholders		 % of
shareholders		 Number of
shares		 % of issued
shares
1 – 1 000 shares 7,526 52.08 1,541,658 0.06
1 001 – 10 000 shares 3,571 24.71 15,476,215 0.63
10 001 – 100 000 shares 2,517 17.42 92,545,443 3.70
100 001 – 1 000 000 shares 700 4.84 199,780,641 7.99
1 000 001 – 10 000 000 shares 137 0.95 2,189,782,913 87.62
  14,451 100 2,499,126,870 100
         
Distribution of shareholders Number of
shareholders		 % of
shareholders		 Number of
shares		 % of issued
shares
Banks/Brokers 56 0.39 227,084,821 9.09
Close Corporations 85 0.59 31,372,153 1.26
Endowment Funds 8 0.06 3,187,041 0.13
Government 1 0.01 546,830,100 21.88
Individuals 13,531 93.63 285,826,497 11.44
Insurance Companies 15 0.10 4,669,583 0.19
Medical Schemes 2 0.01 2,025,157 0.08
Mutual Funds 52 0.36 454,011,023 18.17
Other Corporations 76 0.53 1,585,229 0.06
Private Companies 234 1.62 98,791,439 3.95
Private Equity 1 0.01 3,682,280 0.15
Public Companies 4 0.03 4,109,028 0.16
Retirement Funds 83 0.57 81,570,213 3.26
Strategic Investor 1 0.01 720,163,887 28.82
Trusts 302 2.09 34,218,419 1.37
  14,451 100 2,499,126,870 100
2. Major shareholders
 

The following shareholders have a holding of greater than 5% of the issued shares of the company:

  Number of
shares 		% of shares
held
Glencore Netherlands B.V. 720,163,887 28.82
Industrial Development Corporation of South Africa Limited 546,830,100 21.88
Ninety One 188,176,769 6.21
3. JSE share performance
 
  2023 2022
Market capitalisation as at 31 December 3,248,864,931 3,298,847,468
Share Price (cents)    
High 145 192
Low 104 108
Closing 130 132
Shares traded    
Volume of shares traded 327,834,705 716,172,359
Value of shares (ZAR) 417,726,619 1,073,308,064
Volume of shares traded as a percentage of weighted average of shares in issue (%) 13 29
Shares in issue as at 31 December 2,499,126,870 2,499,126,870
Distribution of local and foreign beneficial shareholding (%)    
South African 62 63
Foreign 38 37

Meetings

The Annual General Meeting for the 2023 financial year will be held on 15 May 2024.