GRINDROD SHIPPING HOLDINGS LIMITED - Results of the Annual General Meeting of Grindrod Shipping Holdings LTD. held on May, 20, 2021

Results of the Annual General Meeting of Grindrod Shipping Holdings LTD. held on May, 20, 2021

GRINDROD SHIPPING HOLDINGS LTD.
ABBREVIATED NAME: GRINSHIP
Registered in Singapore with registration number 201731497H
JSE Share code: GSH
ISIN: SG9999019087
Primary listing on NASDAQ Global Select Market
Secondary listing on the JSE Main Board


RESULTS OF THE ANNUAL GENERAL MEETING OF GRINDROD SHIPPING HOLDINGS LTD. HELD ON MAY
20, 2021 (the “AGM”)

There were 19,310,024 ordinary shares in issue as at the date of the AGM. 11,814,547 ordinary shares,
being 61.18% of the issued ordinary shares, were present or represented at the AGM, constituting a
quorum.

At the AGM, the shareholders voted on all the resolutions relating to the ordinary business and all the
resolutions relating to the special business as set out in the notice of the AGM, dated April 6, 2021. All
resolutions considered at the meeting were duly passed.

Each ordinary share carries one vote. Details of all votes validly cast at the AGM are set out below:

                                                   For(1)               Against(1)         Abstentions(1)
                                            Number of              Number               Number
                                             shares       %(2)     of shares     %(2)   of shares    %(3)
Resolution number and details

Routine Business

1. To receive and adopt the Directors’
   Statement, the Auditors’ Report and the
   Audited Financial Statements of the
   Company for the financial year ended
   December 31, 2020.                      11,807,937     100.00      0          0.00    6,610      0.06

2. To re-appoint Mr. Michael John
   Hankinson, who retires pursuant to
   Regulation 101 of the Constitution, as a
   Director of the Company.                 11,807,358    99.96     4,688       0.04     2,501      0.02

3. To re-appoint Mr. Petrus Johannes Uys,
   who retires pursuant to Regulation 101 of
   the Constitution, as a Director of the
   Company.                                  11,178,444   98.58    161,540      1.42    474,563     4.02

4. To re-appoint Mr. Murray Paul Grindrod,
   who retires pursuant to Regulation 106 of
   the Constitution, as a Director of the
   Company.                                  11,178,256   98.58    161,540      1.42    474,751     4.02
5. To approve the remuneration of the Non-
   executive Directors of the Company from
   time to time during the year ending
   December 31, 2021 in accordance with the
   following annual fee rates as may be
   relevant to each Non-executive Director:
   (i) total all-inclusive Chairman’s fee of
   US$150,000; (ii) Director’s fee of
   US$65,000; (iii) Committee Chairman fees
   of US$20,000; and (iv) Committee
   member’s fee of US$10,000.                11,808,139    99.98      2,141      0.02      4,267      0.04

6. To re-appoint Deloitte & Touche LLP as the
   Auditors of the Company for the financial
   year ending December 31, 2021 and to
   authorize the Directors to fix their
   remuneration.                              11,801,754   99.91     10,292      0.09      2,501      0.02

Special Business

7. Authority to allot and issue shares
   under the 2018 Forfeitable Share Plan. 10,887,767       92.19    922,790      7.81      3,990      0.03

8. Renewal of the Share Repurchase
   Mandate.                        11,810,558              99.99     1,484       0.01      2,505      0.02

9. Authority to issue and allot shares.      9,015,306     76.33   2,795,176    23.67      4,065      0.03

Notes:
(1) Whilst ordinary shares abstained from voting count toward determining the quorum of the meeting,
    the calculation of the percentage of votes cast in favour of, or against, the resolution disregards
    abstained votes.

(2) Percentage is calculated as the votes for or against, as applicable, divided by the total of votes for
    and against, and not including abstentions.

(3) Percentage is calculated as the votes abstained divided by total ordinary shares represented at the
    AGM, being 11,814,547 ordinary shares.



By order of the Board
21 May 2021
Sponsor: Grindrod Bank Limited

Date: 21-05-2021 08:00:00
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