Grindrod Shipping Holdings Ltd. Announces Transition to Quarterly Financial Reporting
June 28 2021 - 4:05PM
Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH)
(“Grindrod Shipping” or “Company” or “it” or “we”), a global
provider of maritime transportation services predominantly in the
drybulk sector, announced that commencing with its earnings report
for the first half of 2021, the Company will begin reporting its
results on a quarterly basis. The report for the first half of 2021
will include both the Company’s first quarter and second quarter
financial information, along with its half year results.
We intend to release our results for the first
two quarters and first half of 2021 during the week of August 16,
2021. The exact date and timing of both our release and conference
call will be communicated in a subsequent announcement.
About Grindrod Shipping Holdings
Ltd.
Grindrod Shipping predominantly owns and
operates a diversified fleet of owned and long-term and short-term
chartered-in drybulk vessels. 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 also owns one
medium range product tanker on bareboat charter. The Company is
based in Singapore, with offices in London, Durban, Tokyo, Cape
Town and Rotterdam. Grindrod Shipping 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.
Company Contact:Martyn Wade / Stephen GriffithsCEO
/ CFOGrindrod Shipping Holdings Ltd.200 Cantonment Road, #03-01
SouthpointSingapore, 089763Email:
ir@grindrodshipping.com Website:
www.grinshipping.com |
Investor Relations / Media Contact: Nicolas
Bornozis / Daniela GuerreroCapital 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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