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MASTER DRILLING GROUP LIMITED - Exercise of options in terms of The Master Drilling Share Option Plan and dealings by Directors

Release Date: 04/04/2017 14:30
Code(s): MDI     PDF:  
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Exercise of options in terms of The Master Drilling Share Option Plan and dealings by Directors

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”)



EXERCISE OF OPTIONS IN TERMS OF THE MASTER DRILLING SHARE OPTION PLAN
AND DEALINGS IN MASTER DRILLING SHARES BY DIRECTORS AND/OR THEIR
ASSOCIATES

In compliance with rules 3.63 to 3.74 of the JSE Limited Listings Requirements, the following
information is disclosed:


EXERCISE OF OPTIONS


The following share options were exercised in terms of the Master Drilling Share Option
Plan:




Name of director:                  Mr Andre Jean van Deventer

Designation:                       Executive Director

Date of transaction:               3 April 2017

Class of securities:               Options in respect of Ordinary Shares

Option Price:                      892 cents per share

Number of Options exercised:       500 000

Total Rand value:                  R4 460 000

Nature of interest:                Direct, Beneficial

Nature and extent of interest in   Acquisition of shares in Master Drilling through
the transaction:                   exercise of options (Off-market transaction)

Clearance obtained:                Yes


                                                                                            
Name of director:                   Mr Gareth Robert Sheppard

Designation:                        Executive Director

Date of transaction:                3 April 2017

Class of securities:                Options in respect of Ordinary Shares

Option Price:                       892 cents per share

Number of Options exercised:        500 000

Total Rand value:                   R4 460 000

Nature of interest:                 Direct, Beneficial

Nature and extent of interest in    Acquisition of shares in Master Drilling through
the transaction:                    exercise of options (Off-market transaction)

Clearance obtained:                 Yes


Name of director:                   Mr Barend Jacobus Jordaan

Designation:                        Executive Director

Date of transaction:                3 April 2017

Class of securities:                Options in respect of Ordinary Shares

Option Price:                       892 cents per share

Number of Options exercised:        500 000

Total Rand value:                   R4 460 000

Nature of interest:                 Direct, Beneficial

Nature and extent of interest in    Acquisition of shares in Master Drilling through
the transaction:                    exercise of options (Off-market transaction)

Clearance obtained:                 Yes


                                                                                      
DEALING IN SECURITIES BY A DIRECTOR

The disposals of the Master Drilling shares listed below were made, inter alia, to
settle Share Option Plan obligations of the directors in question.


Name of director:                   Mr Andre Jean van Deventer

Designation:                        Executive Director

Date of transaction:                4 April 2017

Class of securities:                Ordinary Shares

Cents per share:                    1700

Number of securities
transacted:                         500 000

Total Rand value:                   R8 500 000

Nature of interest:                 Direct, Beneficial

Nature and extent of interest in
the transaction:                    Disposal (On-market transaction)

Clearance obtained:                 Yes


Name of director:                   Mr Gareth Robert Sheppard

Designation:                        Executive Director

Date of transaction:                4 April 2017

Class of securities:                Ordinary Shares

Cents per share:                    1700

Number of securities
transacted:                         500 000

Total Rand value:                   R8 500 000

Nature of interest:                 Direct, Beneficial

Nature and extent of interest in
the transaction:                    Disposal (On-market transaction)

Clearance obtained:                 Yes



Name of director:                   Mr Barend Jacobus Jordaan

Designation:                        Executive Director

Date of transaction:                4 April 2017

Class of securities:                Ordinary Shares

Cents per share:                    1700

Number of securities transacted:    500 000

Total Rand value:                   R8 500 000

Nature of interest:                 Direct, Beneficial

Nature and extent of interest 
in the transaction:                 Disposal (On-market transaction)

Clearance obtained:                 Yes


DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR

Master Drilling shareholders are further advised of the following dealings in securities by an
associate of a director of the Company:


Name of Director:                   Andre Jean van Deventer (Executive director)

Name of associate:                  MDG Equity Holdings (Pty) Ltd

Date of transaction:                4 April 2017

Class of securities:                Ordinary shares

Number of shares:                   500 000

Cents per share:                    1700

Total value:                        R 8 500 000.00

Nature of interest                  Indirect, Beneficial

Nature of transaction:              Disposal (On-market transaction)

Clearance obtained:                 Yes

                                                                                             4
Fochville
4 April 2017



Sponsor
Investec Bank Limited




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