Voluntary Announcement: Ex Grindrod Distribution Trading
(Registration number: 1966/009846/06)
Ordinary share code: GND and ISIN: ZAE000072328
Preference share code: GNDP and ISIN: ZAE000071106
(“Grindrod” or “the Company”)
VOLUNTARY ANNOUNCEMENT: TRADING EX GRINDROD DISTRIBUTION
The ordinary shareholders and preference shareholders of Grindrod (collectively, “Shareholders”) are
referred to the circular to Shareholders, distributed on Monday, 7 May 2018 (“Circular”, using terms defined
therein) detailing, inter alia, the terms of the Grindrod Distribution. Shareholders are further referred to the
announcement released by the Company on the Stock Exchange News Service on 4 June 2018 (Cash payment
applicable to the Grindrod Distribution).
Shareholders are reminded that Grindrod ordinary shares began trading ex the Grindrod Distribution, with
effect from commencement of business today, Wednesday, 13 June 2018, in accordance with the Salient
Dates and Times contained in the Circular and as extracted below. The Grindrod ordinary share price has
accordingly adjusted for trading ex the Grindrod Distribution.
In accordance with the Circular, ordinary Shareholders will receive one Grindrod Shipping (“GSH”) share for
every forty Grindrod Limited ordinary shares with the secondary inward listing of the GSH shares on the JSE
scheduled to occur on Tuesday, 19 June 2018, with no reduction in the number of ordinary shares held in
Remaining Salient Dates and Times:
Grindrod Ordinary Shares trade ‘ex’ the entitlement to the Wednesday, 13 June
Grindrod Distribution with effect from the commencement of
Grindrod Distribution Record Date Friday, 15 June
Implementation Date Monday, 18 June
Primary listing of Grindrod Shipping (Grindrod Shipping Monday, 18 June
Ordinary Shares) on the NASDAQ with effect from the
commencement of business (09h30 GMT -04:00, being 15h30
South African Standard Time)
Secondary inward listing of Grindrod Shipping (Grindrod Tuesday, 19 June
Shipping Ordinary Shares) ISIN SG9999019087 with alpha code
GSH and short name GRINSHIP on the JSE with effect from the
commencement of business (09h00 South African Standard
Fractional Entitlement payment date Tuesday, 19 June
13 June 2018
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Grindrod Bank Limited
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