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GNDE - Grindrod Limited - Subdivision Of Ordinary Shares

27/09/2005 14:08:14

Grindrod Limited - Subdivision Of Ordinary Shares And Notice Of General Meeting
GRINDROD LIMITED
('Grindrod' or the 'company')
(Registration number: 1966/0009846/06)
Share code: GND ISIN: ZAE000052247
SUBDIVISION OF ORDINARY SHARES AND NOTICE OF GENERAL MEETING
1. Introduction
Shareholders are advised that the board of directors of Grindrod resolved to
subdivide each ordinary share of 0,01 cent into five ordinary shares of 0,002
cent each ('subdivision'). A circular containing information on the
subdivision, and a notice of general meeting of ordinary shareholders, has been
posted to shareholders today.
2. The subdivision
The purpose of the proposed subdivision of Grindrod's ordinary shares is to
improve liquidity and to make the share more accessible for private investors.
Set out below is the effect of the proposed subdivision of Grindrod's authorised
and issued share capital.
Number of shares Number of
before the shares after
subdivision the
subdivision
Authorised share capital
Ordinary shares of 0,01 550 000 000
cent each
Ordinary shares of 0,002 2 750 000 000
cent each
Cumulative non- 7 500 000 7 500 000
redeemable, non-
participating, non-
cumulative preference
shares of 0,031 cent
each
Issued share capital
Ordinary shares of 0,01 92 181 852
cent each
Ordinary shares of 0,002 460 909 260
cent each
Cumulative non- 5 000 000 5 000 000
redeemable, non-
participating, non-
cumulative preference
shares of 0,031 cent
each
3. Amendment of the Articles of Association
Shareholders will furthermore be requested to consider and approve the amendment
of the Articles of Association of the company to permit electronic delivery and
publishing of notices, reports and other information to members, and to permit
the acceptance of proxies transmitted by members to the company by electronic
mail, subject to the Listings Requirements of the JSE Limited
4. Salient dates
2005
Circular and notice of general meeting posted to Tuesday, 27 September
shareholders on
Last day for receipt of proxies in respect of the Monday, 17 October
general meeting by 12:00 on
General meeting of shareholders at 12:00 Wednesday, 19 October
Results of general meeting released on SENS on Wednesday, 19 October
Special resolutions lodged with the Registrar of Wednesday, 19 October
Companies on or about
Results of general meeting published in the press Thursday, 20 October
on
Last day to trade in Grindrod ordinary shares with Friday, 28 October
a par value of 0,01 cent each on
Trading commences in Grindrod ordinary shares with Monday, 31 October
a par value of 0,002 cent each
Record date for the subdivision on Friday, 4 November
Replacement certificates reflecting the subdivision Monday, 7 November
will be posted to certificated shareholders whose
share certificates have been received by Friday, 4
November 2005 on or about
If share certificates have not been received by
Friday, 4 November 2005 replacement share
certificates will be posted within five business
days of receipt of the share certificates
Dematerialised shareholders will have their Monday, 7 November
accounts at their CSDP or broker updated on
The ISIN number of the ordinary shares of the company will change to
ZAE000072328 with effect from Monday, 31 October 2005.
5. Conditions precedent
The implementation of the subdivision and amendment of the Articles of
Association is subject to the fulfilment of the following conditions precedent:
- The approval by ordinary shareholders of the requisite special resolutions;
and
- The registration of the special resolution by the Registrar of Companies
6. Notice of general meeting
Notice is hereby given of the general meeting of ordinary shareholders to be
held in the boardroom of Grindrod, Quadrant House, 115 Victoria Embankment,
Durban, at 12:00 on Wednesday, 19 October 2005, to consider and approve the
special resolutions to give effect to the subdivision and the amendment of the
Articles of Association.
Durban
27 September 2005
Sponsor
Exchange Sponsors (Pty) Ltd
Date: 27/09/2005 02:00:07 PM
Produced by the JSE SENS Department

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