Grindrod Shipping Holdings Ltd. Announces the Effectivess of the Selective Capital Reduction

Core Points - Grindrod Shipping Holdings Ltd. announced the effectiveness of its selective capital reduction on August 16, 2024, under Singapore's Companies Act of 1967 [1] - The capital reduction involved the cancellation of all issued ordinary shares held by shareholders, except for those held by Good Falkirk (MI) Limited, with a cash distribution of $14.25 per participating share expected to be paid by August 21, 2024 [2] Company Overview - Grindrod Shipping operates a diversified fleet of owned and chartered-in drybulk vessels, primarily under the brand "Island View Shipping" [3] - The company is headquartered in Singapore and has additional offices in London, Durban, and Rotterdam, and is listed on NASDAQ and the Johannesburg Stock Exchange [3]