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GNDE - GRINDROD LIMITED - GND,GNDP : Update on the Category 2 transaction announcement: divestment from NWK Limited (NWK) by Grindrod

18/09/2019 11:00:19


GND,GNDP : Update on the Category 2 transaction announcement: divestment from NWK Limited (?NWK?) by Grindrod:
Grindrod Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/009846/06)
Share code: GND & GNDP
ISIN: ZAE000072328 & ZAE 000071106
("Grindrod" or "the Company")


UPDATE ON THE CATEGORY 2 TRANSACTION ANNOUNCEMENT: DIVESTMENT
FROM NWK LIMITED ("NWK") BY GRINDROD


Shareholders are referred to the announcements released on SENS on 2 September 2019
and 10 September 2019 relating to the divestment from NWK by Grindrod, through its wholly
owned subsidiary Grindrod Trading Holdings Proprietary Limited for an aggregate disposal
consideration of R204 072 848 (two hundred and four million seventy-two thousand eight
hundred and forty-eight Rand) (the "Sale").


Shareholders are hereby advised that all of the Sale Conditions Precedent were fulfilled and
on 18 September 2019 the Agreement was implemented.


18 September 2019


Sponsor
Grindrod Bank Limited


Legal Advisor to Grindrod
Edward Nathan Sonnenbergs Incorporated

Date: 18/09/2019 11:00:00
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