MASTER DRILLING GROUP LIMITED – 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
the transaction:
Clearance obtained:
Acquisition of shares in Master Drilling through
exercise of options (Off-market transaction)
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
the transaction:
Clearance obtained:
Acquisition of shares in Master Drilling through
exercise of options (Off-market transaction)
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
the transaction:
Clearance obtained:
Acquisition of shares in Master Drilling through
exercise of options (Off-market transaction)
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:
Clearance obtained:

Disposal (On-market transaction)
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:
Clearance obtained:

Disposal (On-market transaction)
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:
Clearance obtained:

Disposal (On-market transaction)
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

Fochville
4 April 2017
Sponsor
Investec Bank Limited