Grindrod Shipping Holdings Ltd. Announces Changes to Board of Directors
16 Dezembro 2022 - 6:05PM
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 in the drybulk
sector, today announced the following changes to our Board of
Directors (the “Board”).
Effective from December 14th, 2022, the Board
has agreed to expand itself by one additional director and has
appointed Mr. Alan Hatton as an independent, Non-Executive Director
of the Company to fill the position. The Board will now consist of
a total of ten members, including seven independent directors.
Mr. Hatton has over 15 years of leadership
experience in the maritime industry and is currently Managing
Director of Foreguard Shipping, an owner and operator of vessels in
the chemical, offshore and gas sectors. Prior to that, Mr. Hatton
was Chief Executive Officer and the Executive member of the Board
of Directors of FSL Trust Management, the Trustee-Manager of FSL
Trust, a Singapore-listed shipping trust.
About Grindrod Shipping
The Company owns and operates a diversified
fleet of owned, long-term and short-term chartered-in drybulk
vessels in the handysize and supramax/ultramax segments. The
drybulk business, which operates under the brand “Island View
Shipping” (“IVS”) includes a core fleet of 31
vessels consisting of 15 handysize drybulk carriers and 16
supramax/ultramax drybulk carriers. The Company is based in
Singapore, with offices in London, Durban, Tokyo and Rotterdam. The
Company is listed on NASDAQ under the ticker “GRIN” and on the JSE
under the ticker “GSH”.
Forward-Looking Statements
The statements in this press release that are
not historical facts may be forward-looking statements. The Private
Securities Litigation Reform Act of 1995 provides safe harbor
protections for forward-looking statements in order to encourage
companies to provide prospective information about their business.
The Company desires to take advantage of the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995 and is
including this cautionary statement in connection with this safe
harbor legislation. The forward-looking statements in this press
release are based upon various assumptions, including, without
limitation, Grindrod Shipping management's examination of
historical trends, data contained in the Company's records and
other data available from third parties. Although the Company
believes that these assumptions were reasonable when made, because
these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible
to predict and are beyond the Company's control, the Company cannot
assure you that it will achieve or accomplish these expectations,
beliefs or projections. These forward-looking statements involve
risks and uncertainties that could cause actual results to differ
materially from those discussed in the forward-looking statements.
These risks and uncertainties include, among others, those
discussed in Grindrod Shipping's public filings with the SEC.
Except as required by law, Grindrod Shipping undertakes no
obligation to update publicly or release any revisions to these
forward-looking statements to reflect events or circumstances after
the date of this press release or to reflect the occurrence of
unanticipated events.
Responsibility Statement
The directors of the Company (including those
who may have delegated supervision of the preparation of this
communication) have taken all reasonable care to ensure that the
facts stated and all opinions expressed in this communication are
fair and accurate and that no material facts have been omitted from
this communication, the omission of which would make any statement
in this communication misleading; and the directors of the Company
jointly and severally accept responsibility accordingly.
Where any information in this communication has
been extracted or reproduced from published or otherwise publicly
available sources or obtained from TMI or the Offeror, the sole
responsibility of the directors of the Company has been to ensure,
through reasonable enquiries, that such information has been
accurately and correctly extracted from such sources or, as the
case may be, accurately reflected or reproduced in this
communication. The directors of the Company do not accept any
responsibility for any information relating to TMI or the Offeror
or any opinion expressed by TMI or the Offeror.
Company Contact: Stephen Griffiths Interim CEO /
CFO Grindrod Shipping Holdings Ltd. 200 Cantonment Road, #03-01
Southpoint Singapore, 089763 Email: ir@grindrodshipping.com
Website: www.grinshipping.com |
Investor Relations / Media Contact: Nicolas
Bornozis / Paul Lampoutis Capital Link, Inc. 230 Park Avenue, Suite
1536 New York, N.Y. 10169 Tel.: (212) 661-7566 Fax: (212) 661-7526
Email: grindrod@capitallink.com |
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