Try our mobile app
Grindrod Limited (JSE:GND) News - Notice in terms of section 45(5) of the Companies Act, no. 71 of 2008 (the Act)
Grindrod Limited
(Incorporated in the Republic of South Africa)
(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)
On 26 May 2021, at the Company’s annual general meeting, 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.
The Board has, pursuant to the above authorisation via round robin resolutions and at board
meetings held on 18 August 2021, 30 August 2021, 25 November 2021, 28 December 2021 and 2
March 2022, 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.
Subsequent to the abovementioned shareholders’ approval, the total financial assistance provided
to related and inter-related companies exceeds one-tenth of one per cent of Grindrod’s net worth.
4 March 2022
Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 04-03-2022 05:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
