GRIN - Grindrod Shipping Holdings Proposes Selective Capital Reduction

2024-04-05 06:03:40 ET

DENVER, Colo., Apr 05, 2024 ( 247marketnews.com )- Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN ) is asking its shareholders to approve a selective capital reduction, in which GRIN proposes to cancel all the Shares held by the Shareholders, other than the Shares held by GF, and the Participating Shareholders would receive US$14.25 for each Participating Share held that is cancelled as a result of the Selective Capital Reduction.

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