Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
February 09 2024 - 4:23PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of February, 2024
Commission File Number: 001-40300
KAROOOOO LTD.
(Exact name of registrant as specified in its
charter)
1 Harbourfront Avenue
Keppel Bay Tower #14-07
Singapore 098632
+65 6255 4151
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form
40-F ☐
SIGNATURE
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
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Karooooo Ltd. |
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By: |
/s/ Isaias (Zak) Jose Calisto |
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Name: |
Isaias (Zak) Jose Calisto |
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Title: |
Chief Executive Officer |
Date: February 9, 2024
EXHIBIT INDEX
2
Exhibit 99.1
![](https://www.sec.gov/Archives/edgar/data/1828102/000121390024012099/ex99-1_001.jpg)
SINGAPORE (February 09, 2024) Karooooo Limited
(“Karooooo”) announces share repurchase by the Company.
VOLUNTARY DISCLOSURE: SHARE REPURCHASE
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.
Karooooo intends to utilize the aforementioned
authorization to repurchase up to 1,000,000 of its common stock.
Purchases of ordinary shares by the Company may
be made by way of market purchases on the Nasdaq and/or the JSE.
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.
About Karooooo
Karooooo, headquartered in Singapore, assists
thousands of enterprise customers to digitally transform their on-the-ground operations. We are a leading global provider of an on-the-ground
operational IoT SaaS cloud that maximizes the value of transportation, operations and workflow data by providing insightful real-time
data analytics, with over 1,950,000+ connected vehicles and equipment to-date.
The Cartrack (wholly owned by Karooooo) SaaS platform
provides customers with differentiated insights and data analytics to optimize their business operations and workforce, increase efficiency,
decrease costs, improve safety, monitor environmental impact, assist with regulatory compliance and manage risk.
The integration of Karooooo Logistics’ technology
stack into the Cartrack platform will enable our customers to manage and enhance their logistics capacity with ease. Cartrack customers
will be able to augment their own fleet capacity using Cartrack’s API architecture for third-party courier and long-distance logistics,
with crowd-sourced drivers doing last mile deliveries. This solution will be charged on a subscription-based model.
For more information, visit www.karooooo.com.
Investor Relations Contact |
IR@karooooo.com |
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Media Contact |
media@karooooo.com |
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