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MASTER DRILLING GROUP LTD - Dealings by directors -Share Options

Release Date: 29/11/2013 15:05
Code(s): MDI     PDF:  
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Dealings by directors -Share Options

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”)







DIRECTORS DEALING







In compliance with the terms of paragraph 3.63 to 3.74 of the



Listings Requirements of the JSE Limited, the Company hereby



discloses the following directors’ dealings in the Company’s



shares relating to Options granted and accepted in terms of



the Master Drilling’s Share Option Plan:







The directors’ dealings are in line with the Company’s Pre –



Listing Statement, and were recommended by the Remuneration



Committee and ultimately approved by the Board of Directors as



an initiative to each of the Executive Directors as part of a



long term incentive scheme.











Name of director:        Mr Daniel Coenraad    Pretorius







Designation:             Chief Executive Officer







Date of transaction:     29 November 2013







Class of securities:     Options in respect of Ordinary



                         Shares







Price:                   892 cents per share







Number of securities:    500 0000







Total value:             R4 460 000







Nature of interest:      Direct beneficial







Nature of                Grant and acceptance of Share



transaction:             Options as defined in the Share



                         Option Plan – off market trade



Date of Expiry:         Exercisable in tranches as defined



                        in the Share Option Scheme















Clearance obtained:     Yes



















Name of director:       Mr Andre Jean van Deventer







Designation:            Executive Director







Date of transaction:    29 November 2013







Class of securities:    Options in respect of Ordinary



                        Shares







Price:                  892 cents per share







Number of securities:   500 000







Total value:            R4 460 000







Nature of interest:     Direct beneficial







Nature of               Grant and acceptance of Share



transaction:            Options as defined in the Share



                        Option Plan– off market trade















Date of Expiry:         Exercisable in tranches as



                        defined in the Share option Plan







Clearance obtained:     Yes















Name of director:       Mr Gareth Robert     Sheppard







Designation:            Executive Director







Date of transaction:    29 November 2013







Class of securities:    Options in respect of Ordinary



                        Shares







Price:                  892 cents per share







Number of securities:   500 000







Total value:            R4 460 000







Nature of interest:     Direct beneficial







Nature of               Grant and acceptance of Share



transaction:            Options as defined in the Share



                        Option Plan – off market trade







Date of Expiry:         Exercisable in tranches as



                        defined in the Share Option Plan







Clearance obtained:     Yes















Name of director:       Mr Barend Jacobus Jordaan







Designation:            Executive Director







Date of transaction:    29 November 2013







Class of securities:    Options in respect of Ordinary



                        Shares







Price:                  892 cents per share







Number of securities:   500 000







Total value:            R4 460 000







Nature of interest:     Direct beneficial







Nature of               Grant and acceptance of Options



transaction:            as defined in the Share Option



                        Plan – off market trade







Date of Expiry:         Exercisable in tranches as



                        defined in Share Option Plan







Clearance obtained:     Yes



29 November 2013







Sponsor:







Sasfin Capital (a division of Sasfin Bank Limited)




Date: 29/11/2013 03:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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