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SA-based drilling company lists on the JSE
Master Drilling Group Limited
(Formerly Nicaud Companies 124 (Pty) Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2011/008265/06)
JSE share code: MDI ISIN: ZAE000171948
(“Master Drilling” or the “Company” or the “Group”)
GROWTH-FOCUSED, SA-BASED DRILLING COMPANY LISTS ON JSE
Johannesburg, South Africa. 20 December 2012. Leading global
specialised drilling services company Master Drilling Group
Limited (“Master Drilling” or “the Company”) listed its ordinary
shares in the “Industrial Machinery” sector of the Main Board of
the Johannesburg Stock Exchange (JSE) today, under the share
code MDI.
The listing follows a successful private placement of 44.9
million new ordinary primary shares, 5.6 million secondary shares
and 5.5 million over-allotment shares at R7.85 per share, which has
raised R439 600 000 before expenses.
The Company intends using these proceeds primarily to fund its
ambitious global growth strategy. Key will be the purchase of
new drill rigs and associated equipment, so that Master Drilling
can expand into new geographical markets.
At listing, Master Drilling has 148 265 491 ordinary shares in
issue.
Founded in South Africa in 1986 by current MD Danie Pretorius
and headquartered in Fochville, Master Drilling provides
drilling services to major, mid-tier and junior mining companies
– across a range of commodities and resources – throughout
southern Africa, Latin America, Europe and the Middle East.
It also provides drilling services for civil engineering
applications in a variety of emerging markets.
Directly and indirectly, the Company currently has 154 drill
rigs deployed across its global footprint.
Elaborating on the Company’s track record and future strategy,
Pretorius says: “Since its founding 26 years ago, Master
Drilling has grown rapidly to become one of the global leaders
in raisebore drilling. We have loyal, bluechip clients across
Africa and Latin America, several of whom have used our services
continuously for more than 20 years.
“Through both organic growth and strategic acquisitions, we
intend to develop existing markets and to create new markets
globally, while enhancing operational efficiencies and
continuing our dedicated focus on quality and safety.
“We are proudly South African – ‘born and bred’ here, based
here, and now listed here.
“We are bullish about the medium- and long-term prospects for
the resources sector at home, on the African continent and
globally, and we are extremely confident that our expertise,
experience and South African pedigree will continue to serve our
new shareholder base well into the future.”
For further information please contact:
Master Drilling Group Limited
+27 (0)18 771 8100
Danie Pretorius, Chief Executive Officer
Andre Van Deventer, Chief Financial Officer
Sasfin Capital (JSE Sponsor)
Noah Greenhill/Angela Teeling-Smith
+27 (0)11 809 7500
Renaissance Capital (Bookrunner)
+44 (0)207 367 7777
John Porter
Russell and Associates
+27 (0) 11 880 3924
James Duncan/Leigh King
Johannesburg
20 December 2012
Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)
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