Karooooo Share Repurchase
Karooooo Limited (“Karooooo”) announces share repurchase by the Company.
- Karooooo Limited (“Karooooo”) announces share repurchase by the Company.
- At the Annual General Meeting (AGM) held on July 12, 2023 the shareholders of Karooooo passed a resolution by a 97.35% majority vote authorizing the repurchase of up to 10% of the Company's shares.
- The Board is duly authorized to implement this share buyback program in accordance with the requirements outlined in the resolution.
- The authority conferred by the share repurchase mandate will continue by law until the earliest of either the date of the next AGM, the date by which the next annual general meeting of the Company is required by law to be held or the date on which the share purchases are carried out to the full extent mandated or revocation by shareholders at a general meeting.