Try our mobile app

Dealing in Securities by Directors – Allocation of Forfeitable Shares

Buy Grindrod Stocks
Published: 2024-03-25 17:30:23 ET
<<<  go to JSE:GND company page
GRINDROD LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1966/009846/06)
JSE Code: GND & GNDP
ISIN: ZAE000072328 & ZAE000071106
(“Grindrod”)

DEALING IN SECURITIES BY DIRECTORS – ALLOCATION OF FORFEITABLE SHARES

In accordance with paragraph 3.63 to 3.74 of the JSE Limited Listings Requirements, shareholders are
advised that the Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”) of Grindrod were
awarded forfeitable shares in terms of Grindrod’s forfeitable share plan as set out below:

Name                                             :    Xolani Mbambo
Name of company                                  :    Grindrod
Designation                                      :    CEO
Class of security                                :    Ordinary shares
Nature of transaction                            :    Off market acceptance of forfeitable shares
Acceptance date                                  :    22 March 2024
Total number of forfeitable shares awarded       :    400 334
Price per share                                  :    R12.72
Total value                                      :    R5 092 248.48
Vesting period                                    :   Three vesting periods commencing at the end of
                                                      years three, four and five from the award date
Extent of interest                               :    Direct beneficial
Clearance to deal obtained                       :    Yes

Name                                             :    Fathima Ally
Name of company                                  :    Grindrod Limited
Designation                                      :    CFO
Class of security                                :    Ordinary shares
Nature of transaction                            :    Off market acceptance of forfeitable shares
Acceptance date                                  :    22 March 2024
Total number of forfeitable shares awarded       :    379 364
Price per share                                  :    R12.72
Total value                                      :    R4 825 510.08
Vesting period                                   :    Three vesting periods commencing at the end of
                                                      years three, four and five from the award date
Extent of interest                               :    Direct beneficial
Clearance to deal obtained                       :     Yes

25 March 2024

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited