GRINDROD LIMITED - Dealing in securities by directors - allocation of forfeitable shares

Dealing in securities by directors - allocation of forfeitable shares

GRINDROD LIMITED
(Registration number: 1966/0009846/06)
Share code: GND & GNDP
ISIN: ZAE000072328 & ZAE000071106


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 following executive directors of Grindrod Limited were awarded shares
in terms of the group’s forfeitable share plan on 24 February 2014.         The shares were
accepted by the executive directors on the date the shares were traded, 20 May 2014, 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 awarded          :   250 000 Grindrod ordinary shares
Consideration                                 :   Nil
Market price of shares on acceptance date     :   R27.15
Vesting period                                :   Three vesting periods commencing at the
                                                  end of years three, four and five from the
                                                  award date
Value                                         :   R6 787 500.00
Date of acceptance                            :   20 May 2014
Nature of transaction                         :   Direct beneficial


Name of executive director                    :   AG Waller
Name of company                               :   Grindrod Limited
Designation                                   :   Executive Director
Number of forfeitable shares awarded          :   150 000 Grindrod ordinary shares
Consideration                                 :   Nil
Market price of shares on acceptance date     :   R27.15
Vesting period                                :   Three vesting periods commencing at the
                                                  end of years three, four and five from the
                                                  award date
Value                                         :   R4 072 500.00
Date of acceptance                            :   20 May 2014
Nature of transaction                         :   Direct beneficial

Name of executive director                     :   M Wade
Name of company                                :   Grindrod Limited
Designation                                    :   Executive Director
Number of forfeitable shares awarded           :   150 000 Grindrod ordinary shares
Consideration                                  :   Nil
Market price of shares on acceptance date      :   R27.15
Vesting period                                 :   Three vesting periods commencing at the
                                                   end of years three, four and five from the
                                                   award date
Value                                          :   R4 072 500.00
Date of acceptance                             :   20 May 2014
Nature of transaction                          :   Direct beneficial


Name of executive director                     :   DA Rennie
Name of company                                :   Grindrod Limited
Designation                                    :   Executive Director
Number of forfeitable shares awarded           :   150 000 Grindrod ordinary shares
Consideration                                  :   Nil
Market price of shares on acceptance date      :   R27.15
Vesting period                                 :   Three vesting periods commencing at the
                                                   end of years three, four and five from the
                                                   award date
Value                                          :   R4 072 500.00
Date of acceptance                             :   20 May 2014
Nature of transaction                          :   Direct beneficial




The above transactions took place on market.


Clearance to trade has been obtained in terms of section 3.66 of the Listings Requirements.
Sponsor : Grindrod Bank Limited
Johannesburg
20 May 2014

Date: 20/05/2014 02:57:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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