MASTER DRILLING GROUP LTD - Results of Annual General Meeting

Results of Annual General Meeting

Master Drilling Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 2011/008265/06)
JSE share code: MDI ISIN: ZAE000171948
(“Master Drilling” or the “Company”)

RESULTS OF ANNUAL GENERAL MEETING

Shareholders are advised that at the Annual General Meeting of Master Drilling held today
24 July 2014, with the exception of Ordinary Resolution Number 3 which was withdrawn as
Mr Ledger decided not to stand for re-election as Chairman, all the remaining Ordinary and
Special Resolutions were passed by the requisite majority of shareholders.


The voting results were as follows:


Resolution                                          Votes            %        Votes           %
                                                       for          for      against     against
Ordinary Resolution No 1:                     127 080 566        100%             0           0
Presentation and adoption of annual
financial statements
Ordinary Resolution No 2:                     127 080 566        100%             0           0
Re-appointment of Grant Thornton as
auditors and C Pretorius as audit partner
Ordinary Resolution No 3:                        Withdrawn   Withdrawn    Withdrawn    Withdrawn
Re-election of Mr PJ Ledger as a Director
and Chairman
Ordinary Resolution No 4:                     127 080 566        100%             0           0
Re-election of Mr ST Ferguson as a
Director
Ordinary Resolution No 5.1:                   127 080 566        100%             0           0
Re-appointment of Mr JP de Wet as a
member and Chairman of the Audit and
Risk Committee of the Company
Ordinary Resolution No 5.2:                   127 080 566        100%             0           0
Re-appointment of Mr AA Dashmukh as a
member of the Audit and Risk Committee
of the Company
Ordinary Resolution No 6:                     105 779 418       83.2%     21 301 148      16.8%
General authority to Directors to allot and
issue ordinary shares
Ordinary Resolution No 7:                     105 779 418       83.2%     21 301 148      16.8%
General authority to Directors to issue for
cash, those ordinary shares placed under
the control of the Directors in terms of
Ordinary Resolution No 6
Ordinary Resolution No 8:                     125 399 228       98.7%      1 681 338       1,3%
Endorsement of the Master Drilling
remuneration policy
Special Resolution No 1:                      122 395 409       96.3%      4 685 157       3.7%
Acquisition of Company’s own shares
Special Resolution No 2:                    124 076 747   97.6%   3 003 819   2.4%
Non-executive Directors fees
Special Resolution No 3:                    127 080 566   100%           0       0
Approval to grant financial assistance in
terms of sections 44 and 45 of the
Companies Act




24 July 2014
Fochville

Sponsor
Sasfin Capital
(a division of Sasfin Bank Limited)

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