GRINDROD LIMITED
(Incorporated in the Republic of South Africa) (Registration Number: 1966/009846/06)
JSE Code: GND & GNDP
ISIN: ZAE000072328 & ZAE000071106 ("Grindrod" or "the Company")
DEALING IN SECURITIES BY DIRECTORS - ALLOCATION OF FORFEITABLE SHARES
In accordance with paragraph 3.63 to 3.74 of the JSE Listings Requirements, shareholders are advised that the following executive directors of Grindrod were awarded forfeitable shares in terms of Grindrod's forfeitable share plan as set out below:
Name of executive director | : | Xolani Mbambo | |
Name of company | : | Grindrod Limited | |
Designation | : | Executive Director and Chief | |
Executive Officer of Freight Services | |||
Acceptance date | : | 08 March 2022 | |
Total Number of forfeitable shares awarded | : | 400 000 | |
Price per share | : | R5.51 | (volume weighted average) |
: | R5.70 | (high) | |
: | R5.40 | (low) | |
Total value | : | R2 204 000.00 | |
Vesting period | : | Three vesting periods commencing | |
at the end of years three, four and | |||
five from the award date | |||
Nature of transaction | : | Direct beneficial |
Name of executive director | : | Fathima Ally |
Name of company | : | Grindrod Limited |
Designation | : | Chief Financial Officer |
Acceptance date | : | 08 March 2022 |
Total Number of forfeitable shares awarded | : | 300 000 |
Price per of share | : | R5.49 |
Total value | : | R1 647 000.00 |
Vesting period | : | Three vesting periods commencing |
at the end of years three, four and | ||
five from the award date | ||
Nature of transaction | : | Direct beneficial |
The above transactions took place on market.
Clearance to trade has been obtained in terms of section 3.66 of the JSE Listings Requirements.
Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited 9 March 2022
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Grindrod Limited published this content on 09 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 March 2022 15:21:09 UTC.