Karooooo Ltd. Unveils Annual Report and Sets Date for Virtual Shareholders Meeting

  • Karooooo Ltd. releases its Annual Report for the financial year ended February 28, 2023, with no modifications to the preliminary results.
  • The audited consolidated annual financial statements can be accessed on Karooooo’s website, providing shareholders with comprehensive information about the company’s financial performance.
  • Karooooo schedules its annual general meeting, to be held electronically on July 12, 2023, for shareholders to discuss ordinary and special business matters.

Singapore-based public company, Karooooo Ltd. (Unique Entity Number: 201817157Z), has recently released an important announcement regarding its annual general meeting and the availability of its annual report for the financial year ending February 28, 2023. The company, listed on the JSE with the share code KRO and on NASDAQ with the share code KARO, is known for its fleet management solutions.

The audited consolidated annual financial statements, which have received an unqualified audit opinion from the company’s auditors, Ernst & Young LLP, are now accessible to shareholders via Karooooo’s official website, www.karooooo.com. These financial statements contain no modifications compared to the preliminary results that were previously released on the Stock Exchange News Service of the JSE Limited on May 9, 2023.

Shareholders are encouraged to review the Annual Report (Form 20-F), as it provides a comprehensive overview of Karooooo’s financial performance for the aforementioned fiscal year. It incorporates key information and insights into the company’s operations, enabling shareholders to make informed decisions.

In addition to the availability of the annual report, Karooooo has announced that its annual general meeting will be conducted through electronic communication on Wednesday, July 12, 2023, at 12:00 South African time. The purpose of the meeting is to address both ordinary and special business matters typically discussed at an annual general meeting.

To participate in the meeting, shareholders must have completed the necessary trades by June 2, 2023, and recorded their attendance by June 7, 2023. These requirements ensure that shareholders have sufficient time to prepare and actively participate in the decision-making process.

The Notice of Annual General Meeting and Annual Financial Statements, which comply with the requirements of the Singapore Companies Act, will be distributed to shareholders on June 20, 2023.

Karooooo’s annual general meeting is a crucial platform for shareholders to engage with the company’s management and voice their opinions. It provides an opportunity to discuss important matters and contribute to shaping the future of the company.

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