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Grindrod Shipping Holdings Ltd.
Sector:Transportation ServicesReg No:201731497H
Nature of business:
The company is the holding company which will acquire the international drybulk and tanker shipping group of Grindrod, whose origins date back to the formation of a shipping and related business in 1910 by Captain John Edward Grindrod. The Company was incorporated in Singapore on 2 November 2017 under the Singapore Companies Act. Grindrod has been involved in various sectors of the shipping and transport industry for more than 100 years. The drybulk business in its current form under the IVS brand dates back to 1976 and was acquired by Grindrod in 1999. The modern day tanker business under the Unicorn brand dates back to 1973 when Grindrod acquired a tanker of approximately 20,000 dwt.The separation from the Grindrod Group and separate listing of the Company is being pursued, among other reasons, because it will (i) allow shareholders to identify more clearly the different characteristics of the Grindrod Shipping Business from the other businesses within the Grindrod Group and to value them separately, (ii) allow management of each business to focus solely on that business and pursue their respective strategies, (iii) provide relevant employees of each business stock-based incentives linked solely to his or her employer and (iv) enable each company to elect an appropriately sized Board of Directors comprised of individuals with the skills and sector knowledge relevant to each business.

General Information:
Chairman:Alf Cato Brahde
Company Secretary:Shirley Lim Guat Hua
Telephone:(0065) 6523-0048

Financial Information:
Amounts in USD '000JUN 2018
Income Statement
Turnover 150 841-
Operating Income (8 918)-
Income Attributable To Equity Holders (13 453)-
Earnings Per Share (ZARc) per share (cents)(873.30)-
Headline Earnings Per Share (Cont Ops) (ZARc) per share (cents)(897.90)-
Balance Sheet
Ordinary Shareholders' Interest 302 400-
Total Long-Term Liabilities 110 570-
Fixed Assets 262 439-

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