Grindrod shareholders approve all resolutions at annual general meeting

Grindrod Limited (JSE:GNDE) announced the results of its annual general meeting (AGM), where shareholders approved all proposed ordinary and special resolutions. The meeting was held electronically on May 22, 2025. Key outcomes include the election/re-election of directors such as RSM Ndlovu, A Khumalo, CA Carolus, and ZP Zatu Moloi. Shareholders also approved the appointment of members to the Social, Ethics and Sustainability committee and the Audit committee. Additionally, the re-appointment of PricewaterhouseCoopers Incorporated as independent auditor was approved. Ordinary resolution 6 was for amendments to the Grindrod Limited Forfeitable Share Plan (FSP), and shares acquired in terms of the FSP that might be impacted by the changes following this resolution were excluded from the vote. Special resolutions passed included the approval of non-executive directors' fees and general authority to provide financial assistance in terms of sections 44 and 45 of the Act. Shareholders also granted general authority to repurchase Grindrod's ordinary shares. Nedbank Corporate and Investment Banking acted as the sponsor for the meeting.