GND GNDP
GND
GND/GNDP - Grindrod - Cautionary Announcement
Grindrod Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/009846/06)
Share code: GND & GNDP
ISIN: ZAE000072328 & ZAE000071106
("Grindrod" or "the Company")
CAUTIONARY ANNOUNCEMENT
Shareholders are advised that the Company has entered into negotiations with a
potential strategic partner and provider of growth capital ("Potential
Strategic Partner") regarding a potential capital injection of up to R2
billion into Grindrod by way of a specific issue of new Grindrod ordinary
shares for cash ("the Proposed Strategic Investment").
Shareholders are advised that the proposed issue price of any new Grindrod
ordinary shares that would be issued in terms of the Proposed Strategic
Investment will not be less than the 30 trading day volume weighted average
price of Grindrod ordinary shares as at 19 August 2011. The Proposed Strategic
Partner has indicated an intention to offer Grindrod ordinary shareholders the
opportunity to acquire a pro-rata share of any new Grindrod ordinary shares
issued in terms of the Proposed Strategic Investment at the proposed issue
price immediately following implementation of the Proposed Strategic
Investment.
Whether or not negotiations are successfully concluded, the Proposed Strategic
Investment may have a material effect on the price of the Company`s
securities. Accordingly, shareholders are advised to exercise caution when
dealing in the Company`s securities until a further announcement is made.
Sponsor
Grindrod Bank Limited
Durban
22 August 2011
Date: 22/08/2011 12:42:09 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.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
