Grindrod Shipping HoldingsNASDAQ: GRIN

SINGAPORE, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (“Grindrod Shipping” or “Company”), a global provider of maritime transportation services predominantly in the drybulk sector, today announced that, on August 16, 2024, its previously announced selective capital reduction became effective pursuant to Section 78G of the Companies Act of 1967 of Singapore (the “Selective Capital Reduction”).

GRINDROD SHIPPING HOLDINGS LTD. ANNOUNCES DECLARATION AND FINALISATION ANNOUNCEMENT IN RESPECT OF THE SELECTIVE CAPITAL REDUCTION AND THE CASH DISTRIBUTION

SINGAPORE, July 17, 2024 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (“Grindrod Shipping” or “Company” or “we” or “us” or “our”), a global provider of maritime transportation services predominantly in the drybulk sector, today announced that the High Court of the Republic of Singapore has approved the proposed selective capital reduction of the Company (the “Selective Capital Reduction”) pursuant to Section 78G of the Companies Act 1967 of Singapore (the “Companies Act”), by which the Company will reduce the issued share capital of the Company from US$290,193,001, comprising 19,685,590 ordinary shares of the Company (“Shares”), to US$240,614,044 comprising 16,206,365 Shares.

Toronto, Ontario--(Newsfile Corp. - le 25 juin/June 2024 ) - Grown Rogue International Inc. (the "Company") has announced a reorganization of the Company's share capital (the "Share Reorganization") as approved by the shareholders of the Company at its annual and special meeting held on June 24, 2024. Pursuant to the Share Reorganization, the Company intends to amend its articles to redesignate its existing class of common shares without par value in the capital of the Company (the "Common Shares") as Subordinate Voting Shares ("SV Shares"), create an unlimited number of a new class of unlisted Multiple Voting Shares ("MV Shares") and attach special rights and restrictions to each of the MV Shares and SV Shares.

Grindrod Shipping shares rallied by 30% after the company announced plans to buy out minority shareholders for $14.25 in cash per common share.

SINGAPORE, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (“Grindrod Shipping” or “Company” or “we” or “us” or “our”), a global provider of maritime transportation services predominantly in the drybulk sector, today announced it will release its second half and full year 2023 earnings results for the period ended December 31, 2023 on Wednesday, February 28, 2024, after market closing in New York.

Grindrod didn't only continue to reduce its total amount of debt in the last quarter, management also reported the completion of the acquisition of Tamar Ship Management Limited. Favorable outlook for the geared dry bulk segment and expected market growth in the Asia Pacific region could lead to net sales growth. Stable balance sheet with negative working capital and recent debt reduction promises may positively impact future valuation multiples.

SINGAPORE, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (“Grindrod Shipping” or “Company”), a global provider of maritime transportation services predominantly in the drybulk sector, announced it will release earnings results for the three months ended September 30, 2023 on Tuesday, November 28, 2023, after market closing in New York.

Grindrod Shipping announces the purchase of parent Taylor Maritime's vessel management operations for total consideration of approximately $11.75 million dollars. As a result of a recently approved capital reduction, the company will distribute an aggregate $1.65 in cash per share to common equity holders. The distribution will be made in two tranches on October 26 and December 13 to shareholders of record as of October 20.