Try our mobile app
GRINDROD LIMITED (Incorporated in the Republic of South Africa) (Registration Number: 1966/009846/06) JSE Code: GND & GNDP ISIN: ZAE000072328 & ZAE000071106 (“Grindrod”) DECLARATION OF A SPECIAL ORDINARY DIVIDEND Notice is hereby given that a special ordinary dividend of 55.90000 cents per ordinary share has been declared to shareholders as a cash return of 25% of the consideration received from the sale of Grindrod Bank Limited which was successfully concluded on 1 November 2022. The special ordinary dividend is 44.72000 cents per ordinary share for shareholders who are not exempt from dividend tax. The special ordinary dividend has been declared out of income reserves and is subject to exchange control approval by the South African Reserve Bank. A further announcement will be released once such approval has been obtained. As at the date of this announcement, there were 698 031 586 ordinary shares in issue. Salient dates The salient dates for the special ordinary dividend are as follows: Dividend declaration date Wednesday, 23 November 2022 Finalisation date Monday, 5 December 2022 Last date to trade cum dividend Monday, 12 December 2022 Securities start trading ex-dividend Tuesday, 13 December 2022 Record date Thursday, 15 December 2022 Payment date Monday, 19 December 2022 No dematerialisation or rematerialisation of ordinary shares will be allowed for the period Tuesday, 13 December 2022 to Thursday, 15 December 2022, both days inclusive. The local dividend tax rate is 20% and Grindrod’s tax reference number is 9435/490/71/0. The special ordinary dividend is declared in the currency of the Republic of South Africa. By order of the Board 23 November 2022 Sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited
