Grindrod director sells shares to settle tax obligations

Grindrod Limited (JSE: GNDE) announced that Executive Director Fathima Bibi Ally sold 50,000 ordinary shares on March 14, 2025. The transaction, conducted on the open market, was executed to cover tax liabilities linked to the vesting of shares under the company's forfeitable share plan. The volume-weighted average price per share was R12.4004, with prices ranging from a low of R12.40 to a high of R12.41. The total value of the shares sold amounted to R620,020.00. Ally's interest in the shares is classified as direct beneficial, and clearance to deal was obtained prior to the transaction. The announcement, dated March 17, 2025, complies with JSE Limited Listings Requirements. Nedbank Corporate and Investment Banking, a division of Nedbank Limited, acted as the sponsor for the transaction.