To view the PDF file, sign up for a MySharenet subscription.

GRINDROD SHIPPING HOLDINGS LIMITED - Results of the Company's Annual General Meeting held in Singapore on May 29, 2019 ("AGM")

Release Date: 30/05/2019 07:36
Code(s): GSH     PDF:  
Wrap Text
Results of the Company's Annual General Meeting held in Singapore on May 29, 2019 ("AGM")

Registered in Singapore with registration number 201731497H
NASDAQ Share code: GRIN
CUSIP: Y28895103
JSE Share code: GSH
ISIN: SG9999019087
Primary listing on NASDAQ Global Select Market
Secondary listing on the JSE Main Board

29, 2019 (“AGM”)

There were 19,063,833 ordinary shares in issue as at the date of the AGM. 10,970,092 ordinary
shares, being 57.54% of the issued ordinary shares, were present or represented at the AGM,
constituting a quorum.

At the AGM, the shareholders considered all the resolutions pertaining to the ordinary business and
all the resolutions relating to special business as set out in the Notice of Annual General Meeting of
Shareholders, dated April 26, 2019 other than resolution number 10. On May 22, 2019, the board of
directors of the Company resolved to withdraw ordinary resolution number 10 “Authority to issue and
allot shares” from the matters to be considered as special business at the AGM. All resolutions
considered at the meeting were duly passed.

Each ordinary share carries one vote.
Details of all votes validly cast at the AGM are set out below:

                                                                     For(1)               Against(1)            Abstentions(1)
                                                            Number of         %(2)    Number           %(2)   Number       %(3)
     Resolution number and details
                                                            Shares                    of Shares               of Shares
            Ordinary Business
     1.     Receive       and    adopt   the   Directors’    10,831,382       99.73    29,237       0.27      109,473      1.00
            Statement, the Auditors’ Report and the
            Audited Financial Statements for the
            financial year ended December 31, 2018.
     2.     Re-appointment of Mr Cato Brahde as a            10,833,350       99.75    27,119       0.25      109,623      1.00
     3.     Re-appointment of Mr Quah Ban Huat as            10,833,399       99.75    27,070       0.25      109,623      1.00
            a Director.
     4.     Re-appointment of Mr John Herholdt as a          10,833,399       99.75    27,070       0.25      109,623      1.00
     5.     Re-appointment of Mr Petrus (Pieter) Uys         10,859,396       99.99     1,073       0.01      109,623      1.00
            as a Director.
     6.     Re-appointment of Mr Michael Hankinson           10,821,466       99.64    39,003       0.36      109,623      1.00
            as a Director.
     7.     Increase in total Non-Executive                  10,089,085       93.01   757,778       6.99      123,229      1.12
            Directors’ remuneration for the financial
            year ended December 31, 2018.
     8.     Non-Executive Directors’ remuneration            8,606,286        79.34   2,240,577     20.66     123,229      1.12
            for the financial year ending December
            31, 2019.
     9.     Re-appointment and remuneration of               10,787,762       99.36    69,730       0.64      112,600      1.03
            Special Business
     10.    Authority to issue and allot shares.                                        Withdrawn
     11.    Authority to allot and issue shares under        9,909,809        91.25   950,209       8.75      110,074      1.00
            the 2018 Forfeitable Share Plan.
     12.    Renewal       of    the Share Repurchase         10,722,680       99.28    77,394       0.72      170,018      1.55

(1) Whilst ordinary shares abstained from voting count toward determining the quorum of the meeting, the calculation of
the percentage of votes cast in favour of, or against, the resolution disregards abstained votes.
(2) Percentage is calculated as the votes for or against, as applicable, divided by the total of votes for and against, and not
including abstentions.
(3) Percentage is calculated as the votes abstained divided by total ordinary shares represented at the AGM, being
10,970,092 ordinary shares.

By order of the Board
30 May 2019
Sponsor: Grindrod Bank Limited

Date: 30/05/2019 07:36:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Share This Story