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Results of the Annual General Meeting of Grindrod Shipping Holdings Ltd. held on July 14, 2020
(the “AGM”)
GRINDROD SHIPPING HOLDINGS LTD. (the “Company”)
ABBREVIATED NAME: GRINSHIP
Registered in Singapore with registration number 201731497H
NASDAQ Share code: GRIN
CUSIP: Y28895103
JSE Share code: GSH
ISIN: SG9999019087
Primary listing on NASDAQ Global Select Market
Secondary listing on the JSE Main Board
RESULTS OF THE ANNUAL GENERAL MEETING OF GRINDROD SHIPPING HOLDINGS LTD. HELD ON JULY 14, 2020
(the “AGM”)
There were 19,006,858 ordinary shares in issue (excluding treasury shares) as at the date of the AGM.
10,677,199 ordinary shares, being 56.18% of the issued ordinary shares, were present or represented at the
AGM, constituting a quorum.
At the AGM, the shareholders voted on all the resolutions relating to the ordinary business and all the resolutions
relating to the special business as set out in the notice of the AGM, dated June 17, 2020. All resolutions considered
at the meeting were duly passed.
Each ordinary share carries one vote. Details of all votes validly cast at the AGM are set out below:
For(1) Against(1) Abstentions(1)
Number of %(2) Number %(2) Number %(3)
shares of shares of shares
Resolution number and details
Routine Business
1. To receive and adopt the Directors’ Statement, the Auditors’ Report and 10,668,154 100.00 425 0.00 8,620 0.08
the Audited Financial Statements of the Company for the financial year
ended December 31, 2019.
2. To re-appoint Mr. Quah Ban Huat, who retires pursuant to Regulation 101 10,669,422 99.97 3,271 0.03 4,506 0.04
of the Constitution, as a Director of the Company.
3. To re-appoint Mr. John Herholdt, who retires pursuant to Regulation 101 10,669,436 99.97 3,274 0.03 4,489 0.04
of the Constitution, as a Director of the Company.
4. To approve the remuneration of the Non-executive Directors of the 10,499,300 98.38 172,904 1.62 4,995 0.05
Company from time to time during the year ending December 31, 2020 in
accordance with the following annual fee rates as may be relevant to each
Non-executive Director: (i) total all-inclusive Chairman’s fee of US$150,000;
(ii) Director’s fee of US$65,000; (iii) Committee Chairman fees of US$20,000;
and (iv) Committee member’s fee of US$10,000.
5. To re-appoint Deloitte & Touche LLP as the Auditors of the Company for 10,671,454 99.99 1,231 0.01 4,514 0.04
the financial year ending December 31, 2020 and to authorize the Directors
to fix their remuneration.
Special Business
6. Authority to allot and issue shares under the 2018 Forfeitable Share Plan. 9,848,320 92.28 824,247 7.72 4,632 0.04
7. Renewal of the Share Repurchase Mandate. 10,663,992 99.92 8,232 0.08 4,975 0.05
Notes:
(1) Whilst ordinary shares abstained from voting count toward determining the quorum of the meeting, the
calculation of the percentage of votes cast in favour of, or against, the resolution disregards abstained votes.
(2) Percentage is calculated as the votes for or against, as applicable, divided by the total of votes for and against,
and not including abstentions.
(3) Percentage is calculated as the votes abstained divided by total ordinary shares represented at the AGM,
being 10,677,199 ordinary shares.
By order of the Board
15 July 2020
Sponsor: Grindrod Bank Limited
Date: 15-07-2020 08:05:00
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