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GND GNDP
GND
GND\GNDP - Grindrod Limited - Allocation of forfeitable shares
GRINDROD LIMITED
(Registration number: 1966/0009846/06)
Share code: GND & GNDP
ISIN: ZAE000072328 & ZAE000071106
In accordance with paragraph 3.63 of the JSE Listings Requirements,
shareholders are advised that the following executive directors of
Grindrod Limited accepted shares awarded in terms of the group`s
forfeitable share plan on 25 June 2012, the salient details of which are
set out below:
Name of executive director : AK Olivier
Name of company : Grindrod Limited
Designation : Chief Executive Officer
Number of forfeitable shares : 600 000 Grindrod ordinary shares
awarded
Consideration : Nil
Market price of shares on : R13,65
acceptance date
Vesting period : Three vesting periods commencing at the
end of year`s three, four and five from
the award date
Value : R8,190,000
Date of acceptance : 25 June 2012
Nature of transaction : Direct beneficial
Name of executive director : DA Rennie
Name of company : Grindrod Limited
Designation : Executive Director
Number of forfeitable shares : 500 000 Grindrod ordinary shares
awarded
Consideration : Nil
Market price of shares on : R13,65
acceptance date
Vesting period : Three vesting periods commencing at the
end of year`s three, four and five from
the award date
Value : R6 825 000
Date of acceptance : 25 June 2012
Nature of transaction : Direct beneficial
Name of executive director : AG Waller
Name of company : Grindrod Limited
Designation : Executive Director
Number of forfeitable shares : 300 000 Grindrod ordinary shares
awarded
Consideration : Nil
Market price of shares on : R13,65
acceptance date
Vesting period : Three vesting periods commencing at the
end of year`s three, four and five from
the award date
Value : R4,095,000
Date of acceptance : 25 June 2012
Nature of transaction : Direct beneficial
Name of executive director : HJ Gray
Name of company : Grindrod Limited
Designation : Executive Director
Number of forfeitable shares : 300 000 Grindrod ordinary shares
awarded
Consideration : Nil
Market price of shares on : R13,65
acceptance date
Vesting period : Three vesting periods commencing at the
end of year`s three, four and five from
the award date
Value : R4,095,000
Date of acceptance : 25 June 2012
Nature of transaction : Direct beneficial
Name of executive director : MR Wade
Name of company : Grindrod Limited
Designation : Executive Director
Number of forfeitable shares : 300 000 Grindrod ordinary shares
awarded
Consideration : Nil
Market price of shares on : R13,65
acceptance date
Vesting period : Three vesting periods commencing at the
end of year`s three, four and five from
the award date
Value : R4,095,000
Date of acceptance : 25 June 2012
Nature of transaction : Direct beneficial
Name of executive director : DA Polkinghorne
Name of company : Grindrod Limited
Designation : Executive Director
Number of forfeitable shares : 150 000 Grindrod ordinary shares
awarded
Consideration : Nil
Market price of shares on : R13,65
acceptance date
Vesting period : Three vesting periods commencing at the
end of year`s three, four and five from
the award date
Value : R2,047,500
Date of acceptance : 25 June 2012
Nature of transaction : Direct beneficial
The above transactions took place on market.
Sponsor : Grindrod Bank Limited
25 June 2012
Date: 25/06/2012 17:00:03 Produced by the JSE SENS Department.
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