MASTER DRILLING GROUP LIMITED - Exercise of Call Option to acquire remaining 60% of Bergteamet Raiseboring: Fullfillment of Conditions Precedent

Release Date: 01/06/2018 14:40
Code(s): MDI
 
Wrap Text
Exercise of Call Option to acquire remaining 60% of Bergteamet Raiseboring: Fullfillment of Conditions Precedent

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 CALL OPTION TO ACQUIRE REMAINING 60% OF THE SHARES IN
BERGTEAMET RAISEBORING EUROPE AB (“BERGTEAMET RAISEBORING”):
FULLFILLMENT OF CONDITIONS PRECEDENT


Shareholders are referred to the announcement released by Master Drilling on SENS on 12
March 2018 advising shareholders that Master Drilling International Limited, a subsidiary of
Master Drilling, had exercised a call option to acquire the remaining 60% shareholder
interests in Bergteamet Raiseboring.


Shareholders are advised that all conditions precedent have been met and that the
transaction has become effective.




Fochville
1 June 2018

Sponsor
Investec Bank Limited




                                                                                               

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