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GNDE - GRINDROD LIMITED - Dealings in securities by Directors

29/06/2018 16:40:00

GND GNDP 201806290139A
Dealings in securities by Directors

Grindrod Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/009846/06)
Ordinary share code: GND and ISIN: ZAE000072328
Preference share code: GNDP and ISIN: ZAE 000071106
(“Grindrod” or “the Company”)


DEALINGS IN SECURITIES BY DIRECTORS


Shareholders are referred to the announcements of the Company
released to shareholders on the 23rd of March 2018 advising of
the proposed disposal and separate listing of the Grindrod
Shipping Business on the NASDAQ and JSE, as well as the
results of the general meeting of shareholders held on the 4th
of June 2018 at which the shareholders approved the Category 1
Transaction and the separate listings, as more fully set out
in the Circular distributed to shareholders dated 7 May 2018
(“Circular”).

In compliance with the JSE Limited Listings Requirements, the
following information is disclosed in respect of those
directors of the Company who compulsorily forfeited Grindrod
Shipping Holdings Limited (“Grindrod Shipping”) shares and
received Grindrod ordinary shares in exchange, in terms of the
provisions of the Company's Forfeitable Share Plan and
pursuant to the Grindrod Distribution detailed in the
Circular. Terms defined in the Circular are used below.

Date of transaction : 28 June 2018
Class of security : Ordinary shares
Nature of transaction : Off-market compulsory exchange
of Grindrod Shipping Ordinary
Shares received as forfeitable
shares, for additional
forfeitable Grindrod Ordinary
Shares.
Deemed price per Grindrod
Ordinary Share : 6.86

Director : AG Waller
Number of Grindrod
Ordinary Shares : 237 733
Total transaction value : 1 630 848.38
Nature of interest : Direct Beneficial
Clearance obtained : Yes


Director : DA Polkinghorne
Number of Grindrod
Ordinary Shares : 103 747
Total transaction value : 711 704.42
Nature of interest : Direct Beneficial
Clearance obtained : Yes

Director : B Ntuli
Number of Grindrod
Ordinary Shares : 229 631
Total transaction value : 1 575 268.66
Nature of interest : Direct beneficial
Clearance obtained : Yes

Durban
29 June 2018

Transaction Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Corporate Sponsor
Grindrod Bank Limited

Date: 29/06/2018 04:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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