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Interim Dividend – Finalization Notice
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”)
Interim Dividend – Finalization Notice
Further to the Company’s announcement on 8 May 2023, shareholders are reminded that the relevant dates
relating to the payment of the interim cash dividend are as follows:
NASDAQ JSE
Last date to trade cum dividend Wednesday, June 21, 2023 Tuesday, June 20, 2023
Shares commence trading Ex-dividend Thursday, June 22, 2023 Wednesday, June 21, 2023
Record date Friday, June 23, 2023 Friday, June 23, 2023
Dividend payment date Monday, July 3, 2023 Monday, July 3, 2023
Shareholders registered on the South African section of the share register will not be allowed to dematerialize
or rematerialize their shareholdings between Wednesday, June 21, 2023 and Friday, June 23, 2023, both
dates inclusive, and transfers between the NASDAQ and South African register will not be permitted between
Friday, June 9, 2023 and Friday June 23, 2023, both days inclusive.
Additional information for South African resident shareholders of Karooooo Ltd.:
- Shareholders registered on the South African section of the register are advised that the distribution of
USD 0.85 per ordinary share will be converted to Rands using the USD/ZAR spot rate from Oanda
Currency Converter (www.oanda.com), as determined on Friday, 9 June 2023 at 14h00 Singapore time,
of 18.9422. This will equate to a gross dividend of ZAR cents 1610.087 per share.
- Karooooo Ltd. tax reference number is 201817157Z.
- The issued ordinary share capital of Karooooo Ltd. is 30,951,106 ordinary shares.
- The dividend will be distributed by the Company from distributable profit reserves and is regarded as a
“foreign dividend” (as defined in the South African Income Tax Act No. 58 of 1962) for South African
resident shareholders holding shares on the South African register.
- Singapore does not impose withholding tax on dividends.
- Dividends declared and paid by the Company to South African resident shareholders holding shares on
the South African register are subject to South African dividend tax (“SA DWT”) of 20% (subject to any
applicable exemptions that may apply). The net dividend to South African resident shareholders who
are not exempt from SA Tax, equates to ZAR cents 1288.0696 per share.
- Dividends will be paid net of SA DWT, to be withheld and paid to the South African Revenue Service.
Such tax must be withheld unless beneficial owners of the dividend have provided the necessary
documented proof to the regulated intermediary (being a broker, CSD participant, nominee company or
the Company’s transfer secretaries Computershare Investor Services (Pty) Ltd., Private Bag x9000,
Saxonwold, 2132, South Africa) that they are exempt therefrom, or entitled to a reduced rate, as a result
of any relevant double taxation agreement between South Africa and the country of tax domicile of such
owner.
Shareholders are encouraged to consult their professional tax advisers should they be in any doubt as
to the appropriate action to take.
Investor Relations Contact IR@karooooo.com
Media Contact media@karooooo.com
Johannesburg
Friday, 9 June 2023
Sponsor
Merrill Lynch South Africa Proprietary Limited
t/a BofA Securities
Date: 09-06-2023 04:13:00
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