Preference dividend

Notice is hereby given that an interim gross dividend of 395 cents per cumulative, non-redeemable, non-participating and non-convertible preference share (H1 2011: 357 cents) has been declared for the six month period ending 30 June 2012, payable to preference shareholders in accordance with the timetable below.

In terms of the dividend tax effective 1 April 2012, the following additional information is disclosed:

  • The local dividend tax rate is 15%;

  • No STC credits will be utilised for the interim preference dividend;

  • 7 400 000 cumulative, non-redeemable, non-participating and non-convertible preference shares are in issue;

  • The net preference dividend is 335,750 cents per share for preference shareholders who are not exempt from dividends tax; and

  • Grindrod Limited’s tax reference number is 9435/490/71/0.

Ordinary dividend

Notice is hereby given that an interim gross dividend of 17,5 cents per ordinary share (H1 2011: 17,5 cents) has been declared for the six month period ending 30 June 2012, payable to ordinary shareholders in accordance with the timetable below.

In terms of the dividend tax effective 1 April 2012, the following additional information is disclosed:

  • The local dividend tax rate is 15%;

  • No STC credits will be utilised for the interim ordinary dividend;

  • 599 515 314 ordinary shares are in issue;

  • The net ordinary dividend is 14,875 cents per share for ordinary shareholders who are not exempt from dividends tax; and

  • Grindrod Limited’s tax reference number is 9435/490/71/0.

Timetable

Timetable  
Last day to trade cum-dividend Friday, 7 September 2012
Shares commence trading ex-dividend Monday, 10 September 2012
Record date Friday, 14 September 2012
Dividend payment date Monday, 17 September 2012

 

No dematerialisation or rematerialisation of shares will be allowed for the period Monday, 10 September 2012 to Friday, 14 September 2012, both days inclusive.

The dividends are declared in the currency of the Republic of South Africa.

By order of the board

C A S Robertson
Secretary

21 August 2012