0001575872-24-000405.txt : 20240425 0001575872-24-000405.hdr.sgml : 20240425 20240425163017 ACCESSION NUMBER: 0001575872-24-000405 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240425 FILED AS OF DATE: 20240425 DATE AS OF CHANGE: 20240425 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Grindrod Shipping Holdings Ltd. CENTRAL INDEX KEY: 0001725293 STANDARD INDUSTRIAL CLASSIFICATION: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 000000000 STATE OF INCORPORATION: U0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38440 FILM NUMBER: 24876844 BUSINESS ADDRESS: STREET 1: 1 TEMASEK AVENUE, MILLENIA TOWER #10-02 CITY: SINGAPORE STATE: U0 ZIP: 039192 BUSINESS PHONE: 65 6632 1315 MAIL ADDRESS: STREET 1: 1 TEMASEK AVENUE, MILLENIA TOWER #10-02 CITY: SINGAPORE STATE: U0 ZIP: 039192 FORMER COMPANY: FORMER CONFORMED NAME: Grindrod Shipping Holdings Pte. Ltd. DATE OF NAME CHANGE: 20171213 6-K 1 gsh143_6k.htm FORM 6-K

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE

SECURITIES

EXCHANGE ACT OF 1934

 

For the month of April 2024

 

Commission File Number 001-38440

 

Grindrod Shipping Holdings Ltd.

 

1 Temasek Avenue 

#10-02 Millenia Tower

Singapore 039192

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F x Form 40-F ¨

 

 

 

 

 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

Grindrod Shipping Holdings Ltd. announces the results of its annual general meeting, which was held on April 25, 2024, commencing at 18H00 Singapore Standard Time (the "AGM"). The results of the AGM are set out in Exhibit 99.1 to this Report on Form 6-K.

 

Exhibits

 

99.1 Results of the annual general meeting of Grindrod Shipping Holdings Ltd. held on April 25, 2024.

 

 2 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  GRINDROD SHIPPING HOLDINGS LTD.
   
Dated: April 25, 2024 /s/ Edward Buttery
  Name: Edward Buttery
  Title: Chief Executive Officer

 

 3 

 

 EX-99.1 2 gsh143_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

RESULTS OF THE ANNUAL GENERAL MEETING OF GRINDROD SHIPPING HOLDINGS LTD. HELD ON APRIL 25, 2024 (the “AGM”)

 

There were 19,685,590 ordinary shares in issue as at the date of the AGM. 16,704,984 ordinary shares, being 84.859% of the issued ordinary shares, were present or represented at the AGM, constituting a quorum.

 

At the AGM, the shareholders voted on all the resolutions relating to the ordinary business and all the resolutions relating to the special business as set out in the notice of the AGM, dated March 28, 2024. 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
shares		       %(2)       Number of
shares		       %(2)       Number of
shares		       %(3)  
Resolution number and details                                                
                                                 
Routine Business                                                
                                                 
1. To receive and adopt the Directors’ Statement and Audited Financial Statements for the financial year ended December 31, 2023 and the Auditor’s Report thereon.      16,643,327       99.855        24,088        0.145        37,569        0.225   
                                                   
2. To re-appoint Dr. Kurt Ernst Moritz Klemme, who retires pursuant to Regulation 101 of the Constitution, as a Director of the Company.     16,640,524        99.827        28,793       0.173        35,667        0.214   
                                                   
3. To re-appoint Mr. Cullen Michael Schaar, who retires pursuant to Regulation 106 of the Constitution, as a Director of the Company.     16,640,585        99.828        28,732        0.172        35,667        0.214   
                                                   
4. To approve the remuneration of the Non-executive Directors of the Company from time to time during the year ending December 31, 2024 in accordance with the following  annual fee rates as may be relevant to each Non-executive Director: (i) total all-inclusive Chairman’s fee of US$140,000; (ii) Directors’ fee of US$68,000; (iii) Committee Chairman’s fee of US$32,000; and (iv) Committee member’s fee of US$12,000.     16,628,317        99.595        67,614        0.405        9,053        0.054   
                                                   
5. To re-appoint Deloitte & Touche LLP as the Auditors of the Company for the financial year ending December 31, 2024 and to authorize the Directors to fix their remuneration.     16,684,709        99.953        7,795        0.047        12,480        0.075   

 

 

 

 

Special Business                                                
                                                   
6. To approve the NED Compensation Program pursuant to which the NEDs concerned will be paid up to US$2,000 per diem, or a monthly retainer, or a flat retainer, always subject to a maximum of US$120,000 per annum per NED for any extraordinary work undertaken on behalf of the Company outside of the scope and time commitment contained in the letters of appointment for the NEDs.     16,621,402        99.553        74,676        0.447        8,906        0.053   
                                                   
7. Ratification of Non-executive Directors fees for the new Safety and Technical Committee.     16,662,627        99.820        29,984        0.180        12,373        0.074   
                                                   
8. Renewal of the Share Repurchase Mandate.     16,664,159        99.800        33,470        0.200        7,355        0.044   
                                                   
9. Authority to issue and allot shares.     16,639,685        99.649        58,620        0.351        6,679        0.040   
                                                   
Special Resolution                                                
                                                   
10. Amendment of Regulation 64 and Regulation 15 of the Constitution of the Company in relation to the change in quorum for general meetings.     16,624,011        99.729        45,113        0.271        35,860        0.215   

 

Notes :

 

(1) Whilst ordinary shares abstained from voting and broker non-votes 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 and broker non-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 and broker non-votes.

 

(3) Percentage is calculated as the votes abstained and broker non-votes divided by total ordinary shares represented at the AGM, being 16,704,984 ordinary shares.