Company: KARO
Filing Date: 2025-06-17
Form Type: SCHEDULE 13D/A
Source: 0001213900-25-055205
Chunk: 1

Company: Karooooo Ltd.
Filing Date: 2025-06-17
Form: SCHEDULE 13D/A
Chunk 1
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 the Issuer or the Ordinary Shares (which may include rights or securities exercisable or convertible into securities of the Issuer), and/or sell or otherwise dispose of some or all of such Issuer securities or financial instruments (which may include distributing some or all of such securities to Mr. Calisto's respective partners or beneficiaries, as applicable) from time to time, in each case, in open market or private transactions, block sales or otherwise. Any transaction that Mr. Calisto or his affiliates may pursue, subject to the terms and conditions of the documents described herein to which Mr. Calisto is a party, may be made at any time and from time to time without prior notice and will depend on a variety of factors, including, without limitation, the price and availability of the Issuer's securities or other financial instruments, Mr. Calisto's or such affiliates' trading and investment strategies, subsequent developments affecting the Issuer, the Issuer's business and the Issuer's prospects, other investment and business opportunities available to Mr. Calisto and his affiliates, general industry and economic conditions, the securities markets in general, tax considerations and other factors deemed relevant by Mr. Calisto and such affiliates.                                                                                                                                                                                                                                        
 In particular, on July 11, 2024, to satisfy Mr. Calisto's exercise of his demand registration rights pursuant to Sections 2.01(a) and 2.01(f) of the Registration Rights Agreement (as defined below), the Issuer filed a Registration Statement on Form F-3 (File No. 333-280758) (the "Form F-3") to register the offer and sale of up to 6,000,000 Ordinary Shares of the Issuer held by Mr. Calisto.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
 In addition, on June 11, 2025, to satisfy Mr. Calisto's exercise of his right to require the Company to reasonably cooperate with Mr. Calisto to facilitate an Underwritten Offering (as defined in the Registration Rights Agreement) by taking all actions reasonably requested by Mr. Calisto, including, but not limited to, the actions described in Section 2.04 of the Registration Rights Agreement, pursuant to Section 2.01(f) of the Registration Rights Agreement, the Issuer facilitated and launched an SEC-registered underwritten secondary public offering (the "2025 Offering") pursuant to the Issuer's Form F-3, as supplemented by the prospectus supplement, dated June 11