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Grindrod Shipping Says The Previously Announced Selective Capital Reduction Became Effective Pursuant To Section 78G Of The Companies Act Of 1967 Of Singapore

Author: Benzinga Newsdesk | August 16, 2024 05:33am

The Selective Capital Reduction became effective upon the lodgement of the Court Order, at which time all issued ordinary shares of the Company (the "Shares") held by shareholders of the Company, except for Shares held by Good Falkirk (MI) Limited, were cancelled.

The Cash Distribution of $14.25 for each Participating Share is expected to be paid on August 21, 2024, but, in any case no later than August 27, 2024, by Continental Stock Transfer and Trust Company for shares held at Nasdaq; and via Computershare Investor Services (Pty) Ltd for shares held at Johannesburg Stock Exchange to each Participating Shareholder.

Posted In: GRIN

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