Grinship - selective capital reduction effective
Grindrod Shipping Holdings Ltd. announced today, 16 August 2024, that its previously announced selective capital reduction became effective.
The Selective Capital Reduction became effective upon the lodgement of the Court Order, at which time all issued ordinary shares of the Company (the "Shares") held by shareholders of the Company, except for Shares held by Good Falkirk (MI) Ltd., were cancelled. The Cash Distribution of USD14.25 for each Participating Share is expected to be paid on August 21, 2024, but, in any case no later than August 27, 2024, by Continental Stock Transfer and Trust Company for shares held at Nasdaq; and via Computershare Investor Services (Pty) Ltd. for shares held at Johannesburg Stock Exchange to each Participating Shareholder.
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