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Integrated Annual Report, Notice of Annual General Meeting, No Change Statement and B-BBEE Annual Compliance Report
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” or “the Group”)
INTEGRATED ANNUAL REPORT, NOTICE OF ANNUAL GENERAL MEETING, NO CHANGE
STATEMENT AND B-BBEE 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 2022 (“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, 26 April 2023. 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 2022 released on the Stock Exchange News Service of
the JSE Limited on 28 March 2023.
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
www.masterdrilling.com.
2. Notice of Annual General Meeting
Notice is hereby given that the eleventh annual general meeting of Master Drilling (“the AGM”)
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, 13 June
2023 at 09h00 to transact the business as stated herein including to consider and, if deemed fit,
pass, with or without modification, the resolutions as set out in the AGM notice contained in the
integrated annual report.
As allowed by the Companies Act and the Company’s Memorandum of Incorporation, Master
Drilling intends to offer shareholders reasonable access, through electronic facilities, to
participate in the AGM by means of a conference call facility in the manner provided for in the
notice of the AGM included in the integrated annual report. Voting will however not be possible
via the electronic facility and shareholders wishing to exercise their voting rights at the AGM are
required to be represented at the meeting either in person, by proxy or by letter of
representation as provided for in the notice of AGM.
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, 21 April 2023 (Notice
Record Date);
• the record date for the purposes of participating in and voting at the AGM (being the date
on which a shareholder must be registered in the Company’s register of shareholders in
order to participate in and vote at the AGM), shall be the close of business on Friday, 2
June 2023 (Voting Record Date);
• the last day to trade for purposes of participating in and voting at the AGM shall be the
close of business on Tuesday, 30 May 2023; and
• the date by which forms of proxy for the AGM are requested to be lodged is, for
administrative purposes, 09h00 on Friday, 9 June 2023. Any forms of proxy not lodged
by this date must be submitted to the Chairman of the AGM immediately prior to the
commencement of the meeting. The Chairman 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 "B-BBEE Act"): Annual
Compliance Report
In compliance with paragraph 16.21 (g) and Appendix 1 to Section 11 of the JSE Listings
Requirements, notice is hereby given that the Company’s annual compliance report in terms of
section 13G (2) of the B-BBEE Act has been published and is available on the Company’s
website at https://masterdrilling.com.
Fochville
26 April 2023
Sponsor
Investec Bank Limited
Date: 26-04-2023 12:00:00
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