Grindrod Shipping Holdings (GRIN) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Grindrod Shipping Holdings Ltd. is planning a selective capital reduction, offering participating shareholders $14.25 per share to cancel approximately 17.67% of its issued shares. This move, funded by the company’s existing cash reserves, aims to provide shareholders an opportunity to fully exit their investment with a premium cash return. The proposal is subject to approval at an upcoming extraordinary general meeting and various regulatory conditions.
For further insights into GRIN stock, check out TipRanks’ Stock Analysis page.