From GlobeNewswire.: 2024-08-16 05:30:00

Grindrod Shipping Holdings Ltd. announced the effective selective capital reduction on August 16, 2024, in accordance with the Companies Act of 1967 in Singapore. Shareholders, except for Good Falkirk (MI) Limited, had their issued ordinary shares cancelled. A $14.25 Cash Distribution for each Participating Share will be paid by August 27, 2024. Grindrod Shipping primarily owns and operates drybulk vessels under the brand “Island View Shipping” and is listed on NASDAQ and JSE. The company’s forward-looking statements caution about factors affecting financial condition and operations, such as market conditions and economic factors. Directors have ensured the accuracy and fairness of information in the announcement.



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