Grindrod Shipping Announces Proposal for Selective Capital Reduction

Thursday, 4 April 2024, 23:05

Grindrod Shipping has surged after-hours following the announcement of a selective capital reduction plan. Shareholders are set to be offered $14.25 per share to cancel approximately 17.67% of issued shares, aiming to streamline the company's capital structure and potentially boost shareholder value.
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Grindrod Shipping Announces Proposal for Selective Capital Reduction

Grindrod Shipping Plans Selective Capital Reduction

Grindrod Shipping has recently announced a proposal for a selective capital reduction, which has caused a significant surge in share prices. The company is offering shareholders $14.25 per share to cancel nearly 17.67% of issued shares.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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