MASTER DRILLING GROUP LIMITED - MDI : Fulfilment of all outstanding conditions precedent relating to the acquisition of Atlantis Group of Companies
MDI : Fulfilment of all outstanding conditions precedent relating to the acquisition of Atlantis Group of Companies:
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")
FULFILMENT OF ALL OUTSTANDING CONDITIONS PRECEDENT RELATING TO THE ACQUISITION BY MASTER
DRILLING OF THE BUSINESS OF THE ATLANTIS GROUP OF COMPANIES (PTY) LTD AND ITS SUBSIDIARIES
("ATLANTIS GROUP")
1. Shareholders are referred to the announcement released by Master Drilling on SENS on 4
September 2018 advising that Master Drilling and its subsidiaries had entered into various sale of
business agreements with Atlantis Group in respect of the proposed acquisition of the businesses of the
Atlantis Group in the various countries in which these operate.
2. Shareholders are advised that all conditions precedent have been met and that the transactions
have become effective.
Fochville
3 September 2019
Investment Bank and Sponsor
Investec Bank Limited
Date: 03/09/2019 04:01:00
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