Grindrod Shipping Holdings Ltd. Announces Declaration and Finalisation Announcement in Respect of the Selective Capital Reduction and the Cash Distribution

SINGAPORE, July 19, 2024 (GLOBE NEWSWIRE) --

1  INTRODUCTION 

Grindrod Shipping Holdings Ltd. (the “Company”) refers to the announcement by the board of directors (the “Board”) dated 4 April 2024 in relation to the proposed selective capital reduction by the Company pursuant to section 78G of the Companies Act 1967 of Singapore (the “Selective Capital Reduction”) the circular issued by the Company to shareholders of the Company (the “Shareholders”) dated 14 May 2024 (the “Circular”) in relation to the Selective Capital Reduction, the extraordinary general meeting of the Company held on 20 June 2024 (the “EGM”), and the announcement by the Company dated 20 June 2024 in relation to the results of the EGM.

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