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KAROOOOO LIMITED - Results of the Annual General Meeting of Karooooo Ltd. Held on August 29, 2024 (The AGM)

Release Date: 30/08/2024 07:05
Code(s): KRO     PDF:  
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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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