Integrated Annual Report, Notice of Annual General Meeting, No Change Statement and BBBEE Annual Compliance Report
Master Drilling Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 2011/008265/06)
JSE share code: MDI
(“Master Drilling” or the “Company” or the “Group”)
INTEGRATED ANNUAL REPORT, NOTICE OF ANNUAL GENERAL MEETING, NO CHANGE
STATEMENT AND BBBEE ANNUAL COMPLIANCE REPORT
1. Integrated Annual Report
Master Drilling shareholders are advised that the Integrated Annual Report of the Company for
the year ended 31 December 2019 (“Integrated Annual Report”), which incorporates the audited
summarised consolidated annual financial statements and the notice of the Annual General
Meeting, will be distributed to Master Drilling shareholders today, 29 April 2020. The Integrated
Annual Report and the full set of the audited Group annual financial statements are also available
on the Company’s website (www.masterdrilling.com). The audited summarised consolidated
annual financial statements contain no changes from the abridged audited consolidated annual
results for the year ended 31 December 2019 released on the Stock Exchange News Service of
the JSE Limited on 24 March 2020.
The annual financial statements are audited by BDO South Africa Incorporated whose unqualified
audit report is contained in the Integrated Annual Report and is also available on
2. Notice of Annual General Meeting
Notice is hereby given that the eighth Annual General Meeting of Master Drilling will be held
(subject to any adjournment, postponement or cancellation thereof) at the BDO offices,
Wanderers Office Park, 52 Corlett Drive, Illovo, Johannesburg on Tuesday, 9 June 2020 at
09h00, to transact the business as stated in the Annual General Meeting notice contained in the
Integrated Annual Report.
Due to the COVID - 19 pandemic, electronic participation at the AGM, rather than physical
attendance may be required. Furthermore, given the guidance from authorities regarding the
need for social distancing, shareholders would be encouraged to make use of proxies. The
Integrated Annual Report provides directions for electronic participation.
3. Record dates, voting and proxies
The Board of Directors of the Company (“Board”) has determined, in accordance with sections
59(1) (a) and (b) of the Companies Act, that:
• the record date for the purposes of receiving notice of the AGM (being the date on which
a shareholder must be registered in the Company’s register of shareholders in order to
receive notice of the AGM), shall be the close of business on Friday, 24 April 2020 (Notice
• the record date for the purposes of participating in and voting at the Annual General
Meeting (being the date on which a shareholder must be recorded in the Company’s
register of shareholders in order to participate in and vote at the Annual General
Meeting), shall be the close of business on Friday, 29 May 2020 (Voting Record Date);
• the last day to trade for purposes of participating in and voting at the Annual General
Meeting shall be the close of business on Tuesday, 26 May 2020 and;
• the date by which forms of proxy for the Annual General Meeting are requested to be
lodged for administrative purposes shall be 09h00 on Friday, 5 June 2020.
Any forms of proxy not lodged by this date may be handed to the Chairperson of the
Annual General Meeting immediately prior to the commencement of the meeting. The
Chairperson may reject or accept any form of proxy which is completed and/or received
otherwise than in accordance with the proxy notes, provided that he is satisfied as to
the manner in which the shareholder concerned wishes to vote.
4. Broad Based Black Economic Empowerment Act (the "BBBEE Act"): Annual Compliance
In compliance with paragraph 16.21 (g) and Appendix 1 to Section 11 of the JSE Listing
Requirements, notice is hereby given that the Company’s annual compliance in terms of
section 13G (2) of the Act has been published and is available on the Company’s website at
29 April 2020
Investec Bank Limited
Date: 29-04-2020 08:25:00
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.
Email this JSE Sens Item to a Friend.