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GND\GNDP - Grindrod Limited - Allocation of forfeitable shares

Release Date: 25/06/2012 17:00
Code(s): GND GNDP
Wrap Text

GNDGNDP - Grindrod Limited - Allocation of forfeitable shares GRINDROD LIMITED (Registration number: 1966/0009846/06) Share code: GND & GNDP ISIN: ZAE000072328 & ZAE000071106 In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders are advised that the following executive directors of Grindrod Limited accepted shares awarded in terms of the group`s forfeitable share plan on 25 June 2012, the salient details of which are set out below: Name of executive director : AK Olivier Name of company : Grindrod Limited Designation : Chief Executive Officer Number of forfeitable shares : 600 000 Grindrod ordinary shares awarded Consideration : Nil Market price of shares on : R13,65 acceptance date Vesting period : Three vesting periods commencing at the end of year`s three, four and five from the award date Value : R8,190,000 Date of acceptance : 25 June 2012 Nature of transaction : Direct beneficial Name of executive director : DA Rennie Name of company : Grindrod Limited Designation : Executive Director Number of forfeitable shares : 500 000 Grindrod ordinary shares awarded Consideration : Nil Market price of shares on : R13,65 acceptance date Vesting period : Three vesting periods commencing at the end of year`s three, four and five from the award date Value : R6 825 000 Date of acceptance : 25 June 2012 Nature of transaction : Direct beneficial Name of executive director : AG Waller Name of company : Grindrod Limited Designation : Executive Director Number of forfeitable shares : 300 000 Grindrod ordinary shares awarded Consideration : Nil Market price of shares on : R13,65 acceptance date Vesting period : Three vesting periods commencing at the end of year`s three, four and five from
the award date Value : R4,095,000 Date of acceptance : 25 June 2012 Nature of transaction : Direct beneficial Name of executive director : HJ Gray Name of company : Grindrod Limited Designation : Executive Director Number of forfeitable shares : 300 000 Grindrod ordinary shares awarded Consideration : Nil Market price of shares on : R13,65 acceptance date Vesting period : Three vesting periods commencing at the end of year`s three, four and five from the award date
Value : R4,095,000 Date of acceptance : 25 June 2012 Nature of transaction : Direct beneficial Name of executive director : MR Wade Name of company : Grindrod Limited Designation : Executive Director Number of forfeitable shares : 300 000 Grindrod ordinary shares awarded Consideration : Nil Market price of shares on : R13,65 acceptance date Vesting period : Three vesting periods commencing at the end of year`s three, four and five from the award date Value : R4,095,000 Date of acceptance : 25 June 2012 Nature of transaction : Direct beneficial Name of executive director : DA Polkinghorne Name of company : Grindrod Limited Designation : Executive Director Number of forfeitable shares : 150 000 Grindrod ordinary shares awarded Consideration : Nil Market price of shares on : R13,65 acceptance date Vesting period : Three vesting periods commencing at the end of year`s three, four and five from
the award date Value : R2,047,500 Date of acceptance : 25 June 2012 Nature of transaction : Direct beneficial The above transactions took place on market. Sponsor : Grindrod Bank Limited 25 June 2012 Date: 25/06/2012 17:00:03 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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