Wrap Text
Results of the offer and pricing of offer shares
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”)
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA
This announcement does not constitute or form part of any offer
or invitation to sell, or any solicitation of any offer to
purchase or subscribe nor shall it (or any part of it) or the
fact of its distribution, form the basis of, or be relied on in
connection with any contract therefor. The offer and the
distribution of this announcement and other information in
connection with the listing and offer in certain jurisdictions,
including (without limitation) the United States, Canada, Japan
and Australia (or to any resident thereof), may be restricted by
law and persons into whose possession any document or other
information referred to herein comes should inform themselves
about and observe any such restriction. Any failure to comply
with these restrictions may constitute a violation of the
securities laws of any such jurisdiction.
Over-Allotment and Stabilisation
Reference is made to the offering document, dated 7 December
2012 relating to the listing of all of Master Drilling’s issued
ordinary shares with no par value (the “Offer”). Reference is
also made to the pricing announcement relating to the Offer,
released on SENS on 13 December 2012. The definitions and
interpretations used in the offering document dated
7 December 2012 apply to this announcement.
The directors of Master Drilling wish to advise that, in respect
of the Offer, Renaissance Capital (and its affiliates), in its
capacity as stabilisation manager, has given notice to Master
Drilling that it will exercise the Over-Allotment Option granted
by the Selling Shareholder in respect of 3,317,954 Master
Drilling ordinary shares. Post the exercise of the Over-
Allotment Option, the total number of Master Drilling Ordinary
Shares sold in the Offer will be 53,817,954. The Stabilisation
Period commenced at 09:00 on 20 December 2012 and ended at 17:00
on 18 January 2013.
Fochville
18 January 2013
Bookrunner and Stabilisation Manager
Renaissance Capital (and its affiliates)
Sponsor
Sasfin Capital, a division of
Sasfin Bank Limited
For more information please contact:
Master Drilling Group Limited +27 (0)18 771 8100
Daniel Pretorius, Chief Executive
Officer
Andre Van Deventer, Chief
Financial Officer
Sasfin Capital (JSE Sponsor) +27 (0)11 809 7500
Noah Greenhill/Angela Teeling-
Smith
Renaissance Capital (Bookrunner) +44 (0)207 367 7777
John Porter
Tavistock Communications +44 (0) 207 920 3150
Jos Simson/Ed Portman/Jessica
Fontaine
Russell and Associates +27 (0) 11 880 3924
Charmane Russell / James Duncan
Disclaimer
This announcement has been prepared by Master Drilling Group
Limited (“Master Drilling” or the “Company”) and contains
information concerning Master Drilling, its subsidiaries, the
offering by Master Drilling of its ordinary shares (the “Offer”)
and the proposed listing on the securities exchange operated by
the JSE Limited. This announcement has been prepared for
information purposes only and may not be used for any other
purpose.
This communication is only directed at persons who (i) are
"qualified investors" within the meaning of Article 2(1)(e) of
Directive 2003/71/EC (together with any applicable implementing
measures in any Member State, the "Prospectus Directive") as may
be amended from time to time, (ii) are outside the United
Kingdom and/or (iii) have professional experience in matters
relating to investments who fall within the definition of
"investment professionals" contained in Article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion)
Order 2005 (as amended) (the "Order"), or are persons falling
within Article 49(2)(a) to (d) (high net worth companies,
unincorporated associations, etc.) of the Order, or fall within
another exemption to the Order (all such persons referred to in
(i) to (iii) above together being referred to as "Relevant
Persons"). Any person who is not a Relevant Person must not act
or rely on this communication or any of its contents. Any
investment or investment activity to which this communication
relates is available only to Relevant Persons and will be
engaged in only with Relevant Persons.”
This announcement is not an advertisement for the purposes of
the Prospectus Directive as may be amended from time to time and
the Prospectus Rules of the Financial Services Authority in the
United Kingdom. This announcement does not constitute or form
part of any offer for sale or subscription or any solicitation
of any offer to buy or subscribe for any securities and neither
this announcement nor any part of it forms the basis of or may
be relied on in connection with or act as an inducement to enter
into any contract or commitment whatsoever.
Certain statements included herein may constitute forward-
looking statements that involve a number of risks and
uncertainties. By their nature, forward-looking statements
involve risks and uncertainties because they relate to events
and depend on circumstances that may or may not occur in the
future.
Date: 18/01/2013 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
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