SINGAPORE, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) ("Grindrod Shipping" or "Company"), a global provider of maritime transportation services predominantly in the drybulk sector, today announced that, on August 16, 2024, its previously announced selective capital reduction became effective pursuant to Section 78G of the Companies Act of 1967 of Singapore (the "Selective Capital Reduction"). Capitalised terms not otherwise defined herein shall have the meani ...

SINGAPORE, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) ("Grindrod Shipping" or "Company"), a global provider of maritime transportation services predominantly in the drybulk sector, today announced its intention to voluntarily delist its ordinary shares from the NASDAQ Global Select Market ("Nasdaq"), in connection with its proposed Selective Capital Reduction pursuant to Section 78G of the Companies Act of 1967 of Singapore (the "Selective Capital Reduction") ...

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 Sele ...

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 Sele ...

SINGAPORE, July 17, 2024 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN) (JSE: GSH) ("Grindrod Shipping" or "Company" or "we" or "us" or "our"), a global provider of maritime transportation services predominantly in the drybulk sector, today announced that the High Court of the Republic of Singapore has approved the proposed selective capital reduction of the Company (the "Selective Capital Reduction") pursuant to Section 78G of the Companies Act 1967 of Singapore (the "Companies Act"), by ...

SINGAPORE, July 17, 2024 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (“Grindrod Shipping” or “Company” or “we” or “us” or “our”), a global provider of maritime transportation services predominantly in the drybulk sector, today announced that the High Court of the Republic of Singapore has approved the proposed selective capital reduction of the Company (the “Selective Capital Reduction”) pursuant to Section 78G of the Companies Act 1967 of Singapore (the “Companies Act”), b ...

Toronto, Ontario--(Newsfile Corp. - le 25 juin/June 2024 ) - Grown Rogue International Inc. (the "Company") has announced a reorganization of the Company's share capital (the "Share Reorganization") as approved by the shareholders of the Company at its annual and special meeting held on June 24, 2024. Pursuant to the Share Reorganization, the Company intends to amend its articles to redesignate its existing class of common shares without par value in the capital of the Company (the "Common Shares") as Su ...

SINGAPORE, June 20, 2024 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) ("Grindrod Shipping" or "Company" or "we" or "us" or "our"), a global provider of maritime transportation services predominantly in the drybulk sector, today announced that on June 20, 2024 at 18:00 Singapore Standard time, Grindrod Shipping Holdings Ltd. held an extraordinary general meeting of shareholders (the "EGM") to consider approval of the proposed selective capital reduction of the Company (the "S ...

Grindrod Shipping Holdings Ltd. - Grindrod Shipping Holdings Ltd. 是一家中型干散货船运公司，专注于较小的齿轮船舶类别[1] - Taylor Maritime Investments Limited 发起了一项总价值为每股26美元的现金要约收购，成功积累了Grindrod Shipping 83.23%的股份[2] - Grindrod Shipping 和 Taylor Maritime 一直在努力降低债务水平，并在Taylor Maritime创始人Edward Buttery的领导下整合业务[4] - Taylor Maritime启动了一项新的努力，以实现对Grindrod Shipping的100%所有权，通过实施选择性资本减少计划，每股14.25美元的现金支付[5] - Grindrod Shipping提议取消除Good Falkirk (MI) Limited持有的3,479,225股股份外的所有股份，并为每股取消的Grindrod股份支付14.25美元[6] 股东大会决议 - 通过特别决议在股东大会上通过选择性资本减少计划，Grindrod将成为公司的全资子公司[8] - Grindrod Shipping提议以每股14.25美元的现金收购少数股东[9] - Taylor Maritime不被允许对提议进行投票，通过特别决议需要获得至少75%的股东投票支持[12] 收购价格和股价 - 提议的14.25美元每股现金收购价格约为预估净资产价值的12%折扣[13] - 达到75%的门槛看起来是一项艰巨的任务，股东可能会选择在市场上出售股票以避免股价回落[15] - Taylor Maritime重新努力实现对Grindrod Shipping的100%所有权的机会不大[17] - 股价略低于提议的收购价格，Grindrod Shipping股东应考虑在市场上出售股票以避免风险[18]

公告内容 - 公司董事会对公告中的事实和观点进行了审慎处理，确保公告中陈述的事实和所有观点公平准确，没有遗漏任何重要事实[1] - 董事会对从已发布或公开来源提取或复制的任何信息负有唯一责任，通过合理调查确保这些信息准确地从这些来源提取，或者在本公告中反映或复制[1]