Grindrod definition

Grindrod or the “Company”) are pleased to announce that they have entered into a transaction implementation agreement (the “Implementation Agreement”),dated as of 11 October 2022, among the Company, TMI and Good Falkirk (MI) Limited, a wholly-owned subsidiary of TMI (the “Offeror”) providing for a voluntary conditional cash offer (the “Offer”) to be made by the Offeror for all the issued ordinary shares (the “Shares”) in the capital of the Company (other than Shares held by the Offeror and Shares held in treasury) (the “Offer Shares”), in accordance with Rule 15 of The Singapore Code on Take-overs and Mergers (the “Code”) and the rules of the U.S. Securities and Exchange Commission (the “SEC”).
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Grindrod means Grindrod Shipping Holdings Ltd registration number 201731497H of 10 Anson Road, #32-15 International Plaza, Singapore 079903” “Website” means the Grindrod website available at www.grinshipping.com, including the content and service(s) available on and through the website and any page, part or element thereof;
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Grindrod means Grindrod Limited (registration number: 1966/009846/06), a company duly incorporated under the laws of South Africa;
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Examples of Grindrod in a sentence

  • Each Obligor irrevocably appoints Grindrod Shipping Services UK Ltd, to act as its agent to receive and accept on its behalf any process or other document relating to any proceedings in the English courts which are connected with this letter.

  • Accordingly, under the terms of the Offer and the Special Dividend, Grindrod Shareholders who have tendered their Shares in acceptance of the Offer (and who hold Shares as at the Dividend Record Date) would receive an aggregate value of: US$26.00 per Share (the “Transaction Value”).

  • Following the satisfaction (or to the extent permitted, waiver) of the Offer Conditions as of the Expiration Time, the Offeror will provide for the Subsequent Offering Period during which Grindrod Shareholders who have not previously validly tendered their Shares may do so.

  • Ltd., Singapore Unicorn Tankers (International) Ltd, British Virgin Islands Unicorn Tankships (428) Ltd, British Virgin Islands Form of Lock-up Agreement _____________, 2021 ▇▇▇▇▇▇▇▇▇ LLC As Representative of the Several Underwriters c/o Jefferies LLC ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ RE: Grindrod Shipping Holdings Ltd.

  • The Agreement and the transactions contemplated hereunder are collectively intended to constitute a bona fide pledge of the Grindrod Shares, are not intended to constitute an offer or sale of such shares within the meaning of the Securities Act, and are not entered into with the purpose nor with the effect of changing or influencing the control of Target, nor in connection with any transaction having such purpose or effect.

  • Ltd., Singapore Grindrod Shipping Services UK Limited, United Kingdom ▇▇▇▇▇▇▇▇ Shipping (South Africa) (Pty) Ltd, South Africa IM Shipping Pte.

  • It is hereby confirmed and agreed that the Company shall forthwith make the Permitted Withdrawal up to the maximum Permitted Withdrawals Amount of USD13 000 000 (thirteen million United States Dollars) and utilize the full amount thereof to repay to Grindrod a corresponding portion of the Third Deed of Amendment Demand Loan.

  • The Company and Grindrod shall procure that this is properly recorded in each Group Company’s books and accounts.

  • Accordingly, if any Distribution is declared, paid or made by the Company in respect of the Offer Shares on or after the Offer Announcement Date to a Grindrod Shareholder, the Offeror reserves the right to deduct from the Offer Price payable to each Grindrod Shareholder who validly tenders their Share or has validly tendered their Shares in accordance with the terms of the Offer, the amount of such Distribution.

  • The provisions of clauses 10, 11 and 12, as well as all other clauses required and/or desirable to give full effect to clauses 10, 11 and 12, constitute irrevocable stipulatio ▇▇▇▇▇▇ in favour of each entity in the Grindrod Group, capable of acceptance at any time on written notice to the Parties.