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Results of the Annual General Meeting of Karooooo Ltd. Held on August 29, 2024 (The “AGM”)
Karooooo Ltd.
(a public company incorporated and registered in the Republic of Singapore)
(Unique Entity Number: 201817157Z)
JSE share code: KRO NASDAQ share code: KARO
ISIN: SGXZ19450089
("Karooooo" or "Company")
RESULTS OF THE ANNUAL GENERAL MEETING OF KAROOOOO LTD. HELD ON AUGUST 29, 2024 (the "AGM")
There were 30,893,300 ordinary shares in issue as at the date of the AGM. In accordance with the
constitution of the Company, two members present or represented at the AGM, constitutes a quorum. We
confirm that a quorum was present at the AGM.
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 August 13, 2024. All resolutions were duly passed.
Each ordinary share carries one vote. Details of all votes validly cast at the AGM are set out below:
Resolution number and details For (1) Against(1) Abstentions(1) Shares
Routine Business Number of shares Number of shares Number of shares Voted %(2)
% % %
1. To receive and adopt the 24,189,220 31 0
Directors' Statement, the
Auditors' Report and the Audited 100.00 0.00 0.00 78.30
Financial Statements of the
Company for the financial year
ended February 29, 2024.
2.1To re-appoint MrTMA Leong, 24,186,778 31 2,442
who retires pursuant to
Regulation 89 of the Constitution 99.99 0.00 0.01 78.30
of the Company, as a Director of
the Company.
3. To approve the remuneration of 24,189,135 104 12
Non-executive Directors of the
Company from time to time 100.00 0.00 0.00 78.30
during the year ending February
28, 2025 in accordance with the
following annual fee rates as may
be relevant to each Non-
executive Director: (i)
Chairman's/Lead Independent
Directors' fee of SGD62,500; (ii)
Director's fee of SGD42,000; (iii)
Audit Committee Chairman's fee
of SGD31,000; (iv) Compensation
Committee Chairman's fee of
SGD17,000; (v) Audit Committee
member's fee of SGD20,500; and
(vi) Compensation Committee
member's fee of SGD11,500.
4. To appoint Deloitte & Touche LLP 24,100,378 88,872 559
(located in Singapore) and
Deloitte & Touche (located in 99.63 0.37 0.00 78.30
South Africa) as the auditors of
the Company for the financial
year ending February 28, 2025
and to empower the Directors to
fix the auditors' remuneration in
their absolute discretion.
Special business
5. To authorize the Directors to 23,483,511 706,040 258
purchase or otherwise acquire
issued ordinary shares in the 97.08 2.92 0.00 78.30
capital of the Company.
6. To authorize the Directors to 24,101,398 65,882 22,529
issue and allot shares.
99.64 0.27 0.09 78.30
Notes:
(1) The calculation of the percentage of votes cast in favour of, or against, the resolution includes abstained
votes.
(2) Shares Voted is calculated as all the votes cast for, against, or abstained as applicable, divided by
the total eligible votes.
Johannesburg
Friday, 30 August 2024
Sponsor
Merrill Lynch South Africa Proprietary Limited
t/a BofA Securities
Date: 30-08-2024 07:05:00
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