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GNDE - GND/GNDP - Grindrod Limited - Results of General Meeting

24/10/2011 11:33:01

GND GNDP
GND
GND/GNDP - Grindrod Limited - Results of General Meeting
Grindrod Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/009846/06)
Ordinary share code: GND ISIN ZAE000072328
Preference share code: GNDP ISIN ZAE000071106
("Grindrod" or the "Company")
The distribution of this announcement and/or the offer to subscribe for
subscription shares in jurisdictions, other than South Africa, may be
restricted or prohibited by the laws of such jurisdictions and must be
deemed to be provided for information purposes only in those
jurisdictions. The subscription shares have not been and will not be
registered for the purposes of the Remgro offer under the securities
laws of any country outside South Africa and accordingly, are not being
offered, sold, taken up, re-sold or delivered directly or indirectly to
qualifying Grindrod shareholders in any jurisdiction where such offer
would constitute a violation of the laws of the relevant jurisdiction.
RESULTS OF GENERAL MEETING
1. Introduction
Grindrod shareholders are referred to the joint announcement published
by Grindrod and Remgro Limited ("Remgro") on Tuesday, 20 September 2011,
relating to, inter alia, the subscription by Remgro for 133 333 334 new
ordinary shares ("subscription shares") in the share capital of Grindrod
at a subscription price of R15.00 per subscription share ("transaction")
and the non-renounceable offer made by Remgro ("Remgro offer") to
Grindrod ordinary shareholders (excluding Grindrod ordinary shareholders
who are prohibited by the laws of any foreign jurisdiction from
receiving or accepting the offer by Remgro) registered as such on
Friday, 21 October 2011 ("qualifying Grindrod shareholders") and the
further announcement published by Grindrod on Monday, 26 September 2011.
2. Results of general meeting
At the general meeting of Grindrod shareholders held at 10h00 on Monday,
24 October 2011 the ordinary resolutions necessary to effect the
transaction were approved by the requisite majority of Grindrod ordinary
shareholders.
3. The Remgro offer
Qualifying Grindrod shareholders are reminded that forms of acceptance
and payment instructions must be lodged with the company's transfer
secretaries and payment of the subscription price must be received by no
later than 17h00 on Tuesday, 25 October 2011, as set out in the Remgro
form of acceptance and payment instruction attached to the circular
distributed to Grindrod shareholders on Monday, 26 September 2011.
Durban
24 October 2011
Lead Financial Adviser and Joint Financial Adviser and
Independent Sponsor Sponsor
Deutsche Bank Grindrod Bank

Legal Adviser Reporting Accountants
Garlicke & Bousfield Inc. Deloitte

Date: 24/10/2011 11:33:01 Produced by the JSE SENS Department.
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