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GRINDROD LIMITED - Notice in terms Of Section 45(5) of the Companies Act, No 71 of 2008 (The Act)

Release Date: 25/02/2015 08:00
Code(s): GNDP GND     PDF:  
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Notice in terms Of Section 45(5) of the Companies Act, No 71 of 2008 (“The Act”)

GRINDROD LIMITED
(Registration number: 1966/009846/06)
Share code: GND & GNDP
ISIN: ZAE000072328 & ZAE000071106
(“Grindrod” or “the Company”)


NOTICE IN TERMS OF SECTION 45(5) OF THE COMPANIES ACT, NO 71 OF 2008 (“the
Act”)


1.      On 28 May 2014, the shareholders of Grindrod approved a special resolution
        authorising the board of directors of Grindrod (“the Board”) to provide financial
        assistance to related and inter-related companies.


2.      The Board has, pursuant to the above authorisation at a board meeting held on
        25 February 2015, 28 May 2014, 20 August 2014 and 26 November 2014 and in
        accordance with section 45 of the Act, resolved to provide guarantees to related and
        inter-related companies, to secure the banking facilities required by such companies.


3.      The total financial assistance provided to related and inter-related companies in
        terms of resolutions passed by the Board during the current financial year exceeds
        one-tenth of one percent of Grindrod’s net worth.




Sponsor : Grindrod Bank Ltd
25 February 2015

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