Grindrod Shipping Holdings (GRIN) has released an update.
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Grindrod Shipping Holdings Ltd. has announced a Selective Capital Reduction plan, offering shareholders $14.25 in cash for each share they hold, other than those owned by Good Falkirk (MI) Limited. An extraordinary general meeting is scheduled for June 20, 2024, to discuss and vote on the proposal, and shareholders must register to participate by June 17. Detailed information regarding the Selective Capital Reduction and voting instructions are available on the company’s website.
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