Grindrod Shipping Holdings (GRIN) has released an update.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
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.
For further insights into GRIN stock, check out TipRanks’ Stock Analysis page.