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JSE Listing
Karooooo Ltd.
(previously Karoo Pte. 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”)
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN
WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA OR ANY OTHER
JURISDICTION IN WHICH IT IS UNLAWFUL TO DO SO.
The information and materials related to the Reinvestment Offer contained herein do not constitute or form a
part of any offer to sell or a solicitation of an offer to purchase or subscribe for securities related to the
Reinvestment Offer in the United States. In particular, the securities related to the Reinvestment Offer referred to
herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the
“US Securities Act”), or under the securities laws of any state or other jurisdiction of the United States and may
not be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration
requirements of the US Securities Act and in compliance with any applicable securities laws of any state or
other jurisdiction in the United States. There will be no public offering of the securities related to the
Reinvestment Offer in the United States.
JSE LISTING
Unless otherwise defined, all capitalised terms used in this announcement shall bear the same meanings in
the prospectus issued to Cartrack Shareholders on Monday, 15 March 2021 (“Prospectus”).
The Karooooo Board is pleased to announce that the Company, by way of an inward secondary listing, listed
on the Main Board of the JSE at 9.00 am (SAT) today, Wednesday 21 April 2021. The Karooooo Shares are
also primary listed on the NASDAQ Stock Market.
The Company has been advised that certain investors have potentially been trading without taking into
account the Reinvestment Entitlement Ratio.
Shareholders are referred to the Prospectus and the abridged prospectus announcement which was
published on SENS on 15 March 2021 and are reminded that the Karooooo Shares were issued to Eligible
Cartrack Shareholders in a ratio of 1 Karooooo Share for every 10 Scheme Shares held. Accordingly, as a
result of the Reinvestment Entitlement Ratio of 1:10, an Eligible Shareholder’s effective value in Karooooo
will be the same as that held in Cartrack. By way of example, if an Eligible Cartrack Shareholder who
participated in the Reinvestment Offer held 1,000 Cartrack Shares at the Scheme Consideration of R42 per
Cartrack Share, such shareholder will receive 100 Karooooo Shares at a reference price of R420.
Johannesburg
Wednesday, 21 April 2021
Sponsor to Karooooo
Merrill Lynch South Africa Proprietary Limited
t/a BofA Securities
Date: 21-04-2021 12:14:00
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indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
