UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES

EXCHANGE ACT OF 1934

 

For the month of May 2023

 

Commission File Number 001-38440

 

Grindrod Shipping Holdings Ltd.

 

#03-01 Southpoint

200 Cantonment Road

Singapore 089763

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F x Form 40-F ¨

 

 

 

   

 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

Grindrod Shipping Holdings Ltd. announces the results of its annual general meeting, which was held on May 25, 2023, commencing at 18H00 Singapore Standard Time (the "AGM"). The results of the AGM are set out in Exhibit 99.1 to this Report on Form 6-K.

 

Exhibits

 

99.1 Results of the annual general meeting of Grindrod Shipping Holdings Ltd. held on May 25, 2023 .

 

 

   

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  GRINDROD SHIPPING HOLDINGS LTD.
   
Dated: May 25, 2023 /s/ Edward Buttery
  Name: Edward Buttery
  Title: Chief Executive Officer

 

   

 

 

Exhibit 99.1

 

RESULTS OF THE ANNUAL GENERAL MEETING OF GRINDROD SHIPPING HOLDINGS LTD. HELD ON MAY 25, 2023 (the “AGM”)

 

There were 19,472,008 ordinary shares in issue as at the date of the AGM. 16,530,885 ordinary shares, being 84.896% of the issued ordinary shares, were present or represented at the AGM, constituting a quorum.

 

At the AGM, the shareholders voted on all the resolutions relating to the ordinary business and all the resolutions relating to the special business as set out in the notice of the AGM, dated April 12, 2023. All resolutions considered at the meeting were duly passed.

 

Each ordinary share carries one vote. Details of all votes validly cast at the AGM are set out below:  

 

   For (1)  Against (1)  Abstentions (1)
    Number of shares    %(2)   Number of shares    %(2)   Number of shares    %(3)
Resolution number and details                              
                               
Routine Business                              
                               
1. To receive and adopt the Directors’ Statement and Audited Financial Statements for the financial year ended December 31, 2022 and the Auditor’s Report thereon.   16,504,791    99.970%   4,969    0.030%   21,125    0.128%
                               
2. To re-appoint Mr. Paul Charles Over, who retires pursuant to Regulation 101 of the Constitution, as a Director of the Company.   16,479,354    99.897%   16,946    0.103%   34,585    0.209%
                               
3. To re-appoint Ms. Rebecca I Brosnan, who retires pursuant to Regulation 106 of the Constitution, as a Director of the Company.   16,477,438    99.884%   19,150    0.116%   34,297    0.207%
                               
4. To re-appoint Mr. Edward David Christopher Buttery, who retires pursuant to Regulation 106 of the Constitution, as a Director of the Company.   16,476,859    99.885%   19,041    0.115%   34,985    0.212%
                               
5. To re-appoint Mr. Gordon William French, who retires pursuant to Regulation 106 of the Constitution, as a Director of the Company.   16,478,825    99.897%   17,058    0.103%   35,002    0.212%
                               
6. To re-appoint Mr. Alan Ian Hatton, who retires pursuant to Regulation 106 of the Constitution, as a Director of the Company.   16,477,674    99.901%   16,400    0.099%   36,811    0.223%
                               
7. To re-appoint Dr. Kurt Ernst Moritz Klemme, who retires pursuant to Regulation 106 of the Constitution, as a Director of the Company.   16,477,309    99.891%   17,963    0.109%   35,613    0.215%
                               
8. To re-appoint Mr. Charles Goodson Maltby, who retires pursuant to Regulation 106 of the Constitution, as a Director of the Company.   16,478,987    99.902%   16,092    0.098%   35,806    0.217%
                               
9. To re-appoint Mr. Cullen Michael Schaar, who retires pursuant to Regulation 106 of the Constitution, as a Director of the Company.   16,477,371    99.886%   18,732    0.114%   34,782    0.210%
                               
10. To approve the remuneration of the Non-executive Directors of the Company from time to time during the year ending December 31, 2023 in accordance with the following  annual fee rates as may be relevant to each Non-executive Director: (i) total all-inclusive Chairman’s fee of US$175,000; (ii) Directors’ fee of US$85,000; (iii) Committee Chairman’s fee of US$40,000; and (iv) Committee member’s fee of US$15,000.   16,439,308    99.617%   63,154    0.383%   28,423    0.172%
                               
11. To re-appoint Deloitte & Touche LLP as the Auditors of the Company for the financial year ending December 31, 2023 and to authorize the Directors to fix their remuneration.   16,511,395    99.967%   5,434    0.033%   14,056   0.085%

 

   

 

 

Special Business                              
                               
12. To approve the NED Compensation Program pursuant to which the NEDs concerned will be paid up to US$2,000 per diem, or a monthly retainer, or a flat retainer, always subject to a maximum of US$120,000 per annum per NED for any extraordinary work undertaken on behalf of the Company outside of the scope and time commitment contained in the letters of appointment for the NEDs.   16,427,191    99.664%   55,311    0.336%   48,383    0.293%
                               
13. Renewal of the Share Repurchase Mandate.   16,486,382    99.896%   17,149    0.104%   27,354    0.165%
                               
14. Authority to issue and allot shares.   16,414,108    99.502%   82,148    0.498%   34,629    0.209%

 

Notes :

(1)

Whilst ordinary shares abstained from voting and broker non-votes count toward determining the quorum of the meeting, the calculation of the percentage of votes cast in favour of, or against, the resolution disregards abstained votes and broker non-votes.

 

(2)

Percentage is calculated as the votes for or against, as applicable, divided by the total of votes for and against, and not including abstentions and broker non-votes.

 

(3)

Percentage is calculated as the votes abstained and broker non-votes divided by total ordinary shares represented at the AGM, being 16,530,885 ordinary shares.