Grindrod Shipping Says The Previously Announced Selective Capital Reduction Became Effective Pursuant To Section 78G Of The Companies Act Of 1967 Of Singapore
Benzinga · 08/16/2024 09:33
Share
Listen to the news
The Selective Capital Reduction became effective upon the lodgement of the Court Order, at which time all issued ordinary shares of the Company (the "Shares") held by shareholders of the Company, except for Shares held by Good Falkirk (MI) Limited, were cancelled.
The Cash Distribution of $14.25 for each Participating Share is expected to be paid on August 21, 2024, but, in any case no later than August 27, 2024, by Continental Stock Transfer and Trust Company for shares held at Nasdaq; and via Computershare Investor Services (Pty) Ltd for shares held at Johannesburg Stock Exchange to each Participating Shareholder.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending
No content on the Webull website shall be considered a recommendation or solicitation for the purchase or sale of securities, options or other investment products. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends.
Copyright © 2025 Webull. All Rights Reserved