When it comes to seeking growth-oriented, profitable companies with a penchant for generating free cash flow (FCF), investors may be missing out on opportunities if they adhere to a home country bias. However, they may be able to overcome this with the right exposure. This is where the VictoryShares International Free Cash Flow Growth ETF (GRIN) might be considered. Furthermore, Siemens is one of the top wind power companies in the world, which runs counter to the current political agenda in the U.S. The cu ...

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"). Capitalised terms not otherwise defined herein shall have the meani ...

SINGAPORE, Aug. 06, 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 its intention to voluntarily delist its ordinary shares from the NASDAQ Global Select Market ("Nasdaq"), in connection with its proposed Selective Capital Reduction pursuant to Section 78G of the Companies Act of 1967 of Singapore (the "Selective Capital Reduction") ...

1 INTRODUCTION As previously announced by the Company in a press release issued on 17 July 2024, the High Court of the Republic of Singapore approved the Selective Capital Reduction on Tuesday, 16 July 2024. Accordingly, the Company wishes to provide the following updates regarding the Selective Capital Reduction. 2 EFFECTIVE DATE 3 SUSPENSION OF TRADING – NASDAQ Participating Shareholders who hold Shares listed on Nasdaq as at the Effective Date shall be entitled to receive the Cash Distribution of US$14.2 ...

Core Viewpoint - Grindrod Shipping Holdings Ltd. has received approval from the High Court of Singapore for a Selective Capital Reduction, allowing participating shareholders to receive a cash distribution of US$14.25 per share [2][11]. Group 1: Selective Capital Reduction Details - The effective date for the Selective Capital Reduction is set for August 16, 2024, with trading on Nasdaq suspended from August 15, 2024 [3][14]. - Shareholders on the JSE will also be eligible for the cash distribution, which will be converted to South African Rand at an exchange rate of USD 1: ZAR 18.11500, equating to 25,813.875 South African cents per share [15][19]. - The payment of the cash distribution will occur following the effective date, with specific trading and record dates outlined for both Nasdaq and JSE [5][18]. Group 2: Trading Suspension and Delisting - Trading of shares on the JSE will be suspended starting August 16, 2024, and the company is expected to be delisted from NASDAQ on August 26, 2024 [4][6]. - No repositioning of shares between the JSE and the U.S. register will be permitted from August 15 to August 20, 2024 [18]. Group 3: Additional Information for Shareholders - The cash distribution is classified as a "capital distribution" and is not subject to withholding tax in Singapore [19]. - South African shareholders are advised to consult tax advisors regarding the implications of the capital distribution, particularly concerning capital gains tax [19].

within the drybulk industry; seasonal fluctuations within the drybulk industry; Grindrod Shipping's ability to employ Grindrod Shipping's vessels in the spot market and Grindrod Shipping's ability to enter into time charters after Grindrod Shipping's current charters expire; general economic conditions and conditions in the coal industry; Grindrod Shipping's ability to satisfy the technical, health, safety and compliance standards of Grindrod Shipping's customers; the failure of counterparties to Grindrod S ...

Core Viewpoint - Grindrod Shipping Holdings Ltd. has announced a selective capital reduction approved by the High Court of Singapore, reducing its issued share capital from US$290,193,001 to US$240,614,044, which involves the cancellation of 3,479,225 shares and returning US$49,578,956 to participating shareholders [5][9]. Company Overview - Grindrod Shipping is a global provider of maritime transportation services, primarily in the drybulk sector, operating a diversified fleet of owned and chartered vessels [10]. - The company is based in Singapore and has offices in London, Durban, and Tokyo, and is listed on NASDAQ and JSE [10]. Financial Details - The selective capital reduction will result in a cash return of US$14.25 per share to participating shareholders [9]. - The total number of ordinary shares will decrease from 19,685,590 to 16,206,365 as part of this capital reduction [5][6].

_________________________________ The new Subordinate Voting Shares will commence trading at market open on June 26, 2024. Conformément à la Réorganisation des actions, la Société a l'intention de modifier ses statuts pour redésigner sa catégorie actuelle d'actions ordinaires sans valeur nominale dans le capital de la Société (les « Actions ordinaires ») en actions à droit de vote subalterne (« Actions SV »), créer un nombre illimité d'une nouvelle catégorie d'actions à droit de vote multiple non cotées (« ...

SINGAPORE, June 20, 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 on June 20, 2024 at 18:00 Singapore Standard time, Grindrod Shipping Holdings Ltd. held an extraordinary general meeting of shareholders (the "EGM") to consider approval of the proposed selective capital reduction of the Company (the "S ...

Alexey_LesikNote: I have covered Grindrod Shipping Holdings Ltd. (NASDAQ:NASDAQ:GRIN) previously, so investors should view this as an update to my earlier articles on the company. Grindrod Shipping Holdings Ltd. or "Grindrod Shipping" is a medium-sized dry bulk shipping company focused on the smaller, geared vessel classes. In late 2022, major shareholder Taylor Maritime Investments Limited (OTCPK:TMILF) or "Taylor Maritime" launched a cash tender offer with an aggregate value of $26 per common share. W ...