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On May 14, 2024, Grindrod Shipping Holdings announced the dispatch of a circular to shareholders regarding a proposed selective capital reduction. Under this proposal, all ordinary shares held by shareholders, excluding those by Good Falkirk (MI) , will be cancelled. Affected shareholders will receive $14.25 per cancelled share. The Extraordinary General Meeting (EGM) to discuss this will be held on June 20, 2024, virtually. Shareholders must pre-register by June 17, 2024, and can vote using a proxy form. Full details are available on the company's website.