GRINDROD LIMITED - Dealing in Securities by Directors Allocation of Forfeitable Shares

Dealing in Securities by Directors – Allocation of Forfeitable Shares

GRINDROD LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1966/009846/06)
JSE Code: GND & GNDP
ISIN: ZAE000072328 & ZAE000071106
(“Grindrod”)


DEALING IN SECURITIES BY DIRECTORS – ALLOCATION OF FORFEITABLE SHARES


In accordance with paragraph 3.63 to 3.74 of the JSE Listings Requirements, shareholders
are advised that the Chief Executive Officer (“CEO”) and Group Company Secretary of
Grindrod were awarded forfeitable shares in terms of Grindrod’s forfeitable share plan as set
out below:

Name                                         :   Xolani Mbambo
Name of company                              :   Grindrod
Designation                                  :   CEO
Class of security                            :   Forfeitable shares
Nature of transaction                        :   Off market acceptance of forfeitable shares
Acceptance date                              :   10 March 2023
Total number of forfeitable shares awarded   :   120 000
Price per share                              :   R10.05
Total value                                  :   R1 206 000.00
Vesting period                               :   Three vesting periods commencing at the
                                                 end of years three, four and five from the
                                                 award date
Extent of interest                           :   Direct beneficial
Clearance to deal obtained                   :   Yes

Name                                         :   Vicky Commaille
Name of company                              :   Grindrod Limited
Designation                                  :   Group Company Secretary
Class of security                            :   Forfeitable shares
Nature of transaction                        :   Off market acceptance of forfeitable shares
Acceptance date                              :   10 March 2023
Total number of forfeitable shares awarded   :   50 000
Price per share                              :   R9.90
Total value                                  :   R495 000.00
Vesting period                               :   Three vesting periods commencing at the
                                                 end of years three, four and five from the
                                                 award date
Extent of interest                           :   Direct beneficial
Clearance to deal obtained                   :   Yes


15 March 2023

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 15-03-2023 05:00:00
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