GRINDROD LIMITED - Notice in terms Of Section 45(5) of the Companies Act No 71 of 2008 (The Act)
GNDP GND 201502250004A
Notice in terms Of Section 45(5) of the Companies Act, No 71 of 2008 (“The Act”)
GRINDROD LIMITED
(Registration number: 1966/009846/06)
Share code: GND & GNDP
ISIN: ZAE000072328 & ZAE000071106
(“Grindrod” or “the Company”)
NOTICE IN TERMS OF SECTION 45(5) OF THE COMPANIES ACT, NO 71 OF 2008 (“the
Act”)
1. On 28 May 2014, the shareholders of Grindrod approved a special resolution
authorising the board of directors of Grindrod (“the Board”) to provide financial
assistance to related and inter-related companies.
2. The Board has, pursuant to the above authorisation at a board meeting held on
25 February 2015, 28 May 2014, 20 August 2014 and 26 November 2014 and in
accordance with section 45 of the Act, resolved to provide guarantees to related and
inter-related companies, to secure the banking facilities required by such companies.
3. The total financial assistance provided to related and inter-related companies in
terms of resolutions passed by the Board during the current financial year exceeds
one-tenth of one percent of Grindrod’s net worth.
Sponsor : Grindrod Bank Ltd
25 February 2015
Date: 25/02/2015 08:00:00 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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
