GRINDROD LIMITED - Notice in Terms of Section 45(5) of the Companies Act, No. 71 of 2008 (the Act)
Notice in Terms of Section 45(5) of the Companies Act, No. 71 of 2008 (the Act)
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”)
NOTICE IN TERMS OF SECTION 45(5) OF THE COMPANIES ACT, NO. 71 OF 2008 (the Act)
At the Company’s annual general meeting held on 3 June 2022, 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.
The Board has, pursuant to the above authorisation via round robin resolutions and at Board
meetings held on 14 February 2023 and 1 March 2023, 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.
Subsequent to the abovementioned shareholders’ and Board approval, the total financial assistance
provided to related and inter-related companies exceeds one-tenth of one per cent of Grindrod’s net
worth.
3 March 2023
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 03-03-2023 04:30:00
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