GRINDROD LIMITED - Update on the Port of Maputo Concession Extension
Update on the Port of Maputo Concession Extension
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")
VOLUNTARY ANNOUNCEMENT
UPDATE ON THE PORT OF MAPUTO CONCESSION EXTENSION
The Maputo Port Development Company ("MPDC"), in which Grindrod holds an indirect 24.7%
stake, has been in discussions with the Government of Mozambique with respect to the extension
of the current concession, which expires in 2033, until 2058. The Government recently issued an
in-principle approval for the concession extension which would facilitate increased investment to
expand port handling capacity.
14 December 2023
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 14-12-2023 03:00:00
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