SINGAPORE, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN) (JSE: GSH) ("Grindrod Shipping" or "Company"), a global provider of maritime transportation services predominantly in the drybulk sector, today announced that, on August 16, 2024, its previously announced selective capital reduction became effective pursuant to Section 78G of the Companies Act of 1967 of Singapore (the "Selective Capital Reduction"). Capitalised terms not otherwise defined herein shall have the meanings ascribed to them in the circular issued to shareholders of the Company dated May 14, 2024. The Selective Capital Reduction became effective upon the lodgement of the Court Order, a

SINGAPORE, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN) (JSE: GSH) ("Grindrod Shipping" or "Company"), a global provider of maritime transportation services predominantly in the drybulk sector, today announced its intention to voluntarily delist its ordinary shares from the NASDAQ Global Select Market ("Nasdaq"), in connection with its proposed Selective Capital Reduction pursuant to Section 78G of the Companies Act of 1967 of Singapore (the "Selective Capital Reduction"). The Company refers to the circular issued to shareholders of the Company (the "Circular") and its previous press release issued on July 19, 2024. Capitalised terms not otherwise defined

SINGAPORE, July 19, 2024 (GLOBE NEWSWIRE) -- 1  INTRODUCTION  Grindrod Shipping Holdings Ltd. (the "Company") refers to the announcement by the board of directors (the "Board") dated 4 April 2024 in relation to the proposed selective capital reduction by the Company pursuant to section 78G of the Companies Act 1967 of Singapore (the "Selective Capital Reduction") the circular issued by the Company to shareholders of the Company (the "Shareholders") dated 14 May 2024 (the "Circular") in relation to the Selective Capital Reduction, the extraordinary general meeting of the Company held on 20 June 2024 (the "EGM"), and the announcement by the Company dated 20 June 2024 in relation to the re

Alliance Global Partners downgraded Grindrod Shipping from Buy to Neutral

Alliance Global Partners upgraded Grindrod Shipping from Neutral to Buy and set a new price target of $12.50

Alliance Global Partners initiated coverage of Grindrod Shipping with a rating of Buy and set a new price target of $32.00

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SINGAPORE, April 04, 2024 (GLOBE NEWSWIRE) -- Exhibit 99.1 GRINDROD SHIPPING HOLDINGS LTD.(Incorporated in Singapore)(Registration No.: 201731497H)Primary listing on the NASDAQ Global Select MarketSecondary listing on the JSE Main BoardNASDAQ Share code: GRIN and SEC CIK Number: CIK0001725293JSE Share code: GSH and ISIN: SG9999019087(the "Company") 1INTRODUCTION   The board of directors (the "Board") of Grindrod Shipping Holdings Ltd. (the "Company") wishes to announce that it proposes to seek the approval of the shareholders of the Company (the "Shareholders") at an extraordinary general meeting of the Company (the "EGM") to be convened, for a selective capital reduction exercise to be

SINGAPORE, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN) (JSE: GSH) ("Grindrod Shipping" or "Company" or "we" or "us" or "our"), a global provider of maritime transportation services predominantly in the drybulk sector, today announced its earnings results for the three months and the year ended December 31, 2022. Financial Highlights for the Three Months Ended December 31, 2022 Revenues of $81.4 millionGross profit of $23.0 millionLoss for the period from continuing operations and attributable to owners of the Company of $4.6 million, or $0.24 per ordinary shareAdjusted net income of $10.6 million, or $0.56 per ordinary share(1)Adjusted EBITDA from cont

SINGAPORE, Oct. 12, 2022 (GLOBE NEWSWIRE) -- THIS JOINT ANNOUNCEMENT DATED 12 OCTOBER 2022 (THE "ANNOUNCEMENT") DOES NOT CONSTITUTE AN OFFER AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO, OR FROM, ANY JURISDICTION OUTSIDE THE UNITED STATES OF AMERICA, SOUTH AFRICA, AND SINGAPORE IN WHICH THE INTRODUCTION OR IMPLEMENTATION OF THE OFFER (AS DEFINED BELOW) WOULD NOT BE IN COMPLIANCE WITH THE LAWS OR REGULATIONS OF SUCH JURISDICTION. PLEASE REFER TO PARAGRAPH 19 OF THIS ANNOUNCEMENT FOR FURTHER DETAILS RELATING TO GRINDROD SHAREHOLDERS IN OTHER JURISDICTIONS. GOOD FALKIRK (MI) LIMITED(Registration No.: 96379)(Incorporated in Marshall Islands)(the

SINGAPORE, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN) (JSE: GSH) ("Grindrod Shipping" or "Company" or "we" or "us" or "our"), a global provider of maritime transportation services predominantly in the drybulk sector, today announced its second half (1) and full year 2023 earnings results for the period ended December 31, 2023. Financial Highlights for the Second Half of the Year Ended December 31, 2023 Revenues of $201.2 millionGross profit of $15.9 millionLoss for the period and attributable to owners of the Company of $10.9 million, or $0.56 per ordinary shareAdjusted net loss of $9.2 million, or $0.47 per ordinary share(2)Adjusted EBITDA of $24.8 m

SINGAPORE, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN) (JSE: GSH) ("Grindrod Shipping" or "Company" or "we" or "us" or "our"), a global provider of maritime transportation services predominantly in the drybulk sector, today announced it will release its second half and full year 2023 earnings results for the period ended December 31, 2023 on Wednesday, February 28, 2024, after market closing in New York. The Company will not be holding a conference call and webcast to discuss the results. About Grindrod Shipping Grindrod Shipping predominantly owns and operates a diversified fleet of owned and long-term and short-term chartered-in drybulk vessels. The

SINGAPORE, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN) (JSE: GSH) ("Grindrod Shipping" or "Company" or "we" or "us" or "our"), a global provider of maritime transportation services predominantly in the drybulk sector, today announced its earnings results for the three months and nine months ended September 30, 2023. Financial Highlights for the Three Months Ended September 30, 2023 Revenues of $112.5 millionGross profit of $4.2 millionLoss for the period and attributable to owners of the Company of $8.5 million, or $0.44 per ordinary shareAdjusted net loss of $6.5 million, or $0.33 per ordinary share(1)Adjusted EBITDA of $11.2 million(1)Handysize and s

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