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GNDE - GRINDROD LIMITED - Notice In Terms Of Section 45(5) Of The Companies Act No 71 Of 2008 (The Act)

27/02/2014 07:06:00

GNDP GND 201402270004A
Notice In Terms Of Section 45(5) Of The Companies Act, No 71 Of 2008 (“The Act”)

GRINDROD LIMITED
(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”)


1. On 29 May 2013, 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.


2. The Board has, pursuant to the above authorisation at a board meeting held on
25 February 2014 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.


3. The total financial assistance provided to related and inter-related companies in
terms of resolutions passed by the Board during the current financial year exceeds
one-tenth of one percent of Grindrod's net worth.




Sponsor : Grindrod Bank Ltd
27 February 2014

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