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Results of the annual general meeting
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 26, 2021 (the
“AGM”)
There were 30,951,106 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.
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 July 26, 2021. 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 For (1) Against(1) Abstentions(1) Shares Voted
details Number of shares Number of shares Number of shares %(2)
Routine Business % % %
1. To receive and adopt the 26,427,296 707 2,466
Directors’ Statement, the
Auditors’ Report and the 99.99 0.00 0.01 85.39
Audited Financial
Statements of the
Company for the financial
year ended February 28,
2021.
2. To re-appoint Mr. Tzin 26,427,196 907 2,366
Min Andrew Leong, who
retires by rotation 99.99 0.00 0.01 85.39
pursuant to Regulations
88 and 89 of the
Constitution of the
Company, as a Director of
the Company.
3. To re-appoint Mrs. Kim 26,427,191 912 2,366
White, who retires
pursuant to Regulation 92 99.99 0.00 0.01 85.39
of the Constitution of the
Company, as a Director of
the Company.
4. To re-appoint Ms Siew 26,427,191 912 2,366
Koon Lim (Ong), who
retires pursuant to 99.99 0.00 0.01 85.39
Regulation 92 of the
Constitution of the
Company, as a Director of
the Company.
5. To approve the 26,426,906 997 2,566
remuneration of Non-
executive Directors of the 99.99 0.00 0.01 85.39
Company from time to
time during the year
ending February 28, 2022
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 SGD60,150; (ii)
Director’s fee of
SGD40,100; (iii) Audit
Committee Chairman’s
fee of SGD30,000; (iv)
Compensation Committee
Chairman’s fee of
SGD16,500; (v) Audit
Committee member’s fee
of SGD20,000; and (vi)
Compensation Committee
member’s fee of
SGD11,000.
6. To re-appoint KPMG LLP 26,427,123 882 2,464
as the auditors of the
Company for the financial 99.99 0.00 0.01 85.39
year ending February 28,
2022 and to empower the
Directors to fix the
auditors’ remuneration in
their absolute discretion.
Special business
7. To authorize the 26,376,543 51,448 2,478
Directors to purchase or
otherwise acquire issued 99.80 0.19 0.01 85.39
ordinary shares in the
capital of the Company.
8. To authorize the 26,086,707 341,396 2,366
Directors to issue and
allot shares. 98.70 1.29 0.01 85.39
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
Thursday, 26 August 2021
Sponsor
Merrill Lynch South Africa Proprietary Limited
t/a BofA Securities
Date: 26-08-2021 04:37:00
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