Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 185

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 19
Chunk 185
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 to the users since the reinvestment offer is a significant event. The change in accounting policy was  
          corrected prospectively as the impact to the prior period is not material. Subsequent acquisition of interest in subsidiaries without  
          change in control is accounted for under capital reserve.                                                                              
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   3      Dividends declared by a subsidiary during the financial year ended February 28, 2023 amounting to ZAR 5.32 per ordinary share remains  
          payable by a subsidiary to NCI.                                                                                                        
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   4      Dividends declared by a subsidiary during the financial year ended February 29, 2024 amounting to ZAR 6.11 per ordinary share remains  
          payable by a subsidiary to NCI.                                                                                                        
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   5      Dividends declared by a subsidiary during the financial year ended February 29, 2025 amounting to ZAR 5.19 per ordinary share remains  
          payable by a subsidiary to NCI.                                                                                                        
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   6      Relates to the put option agreement entered with ultimate controlling                                                                         
          shareholder to grant the Group the right to sell all its interest in Karooooo Logistics. The put option expired on August 31, 2022. As        
          this is a transaction with owner, the fair value and subsequent changes fair value of the put option is recognized directly against retained  
          earnings.                                                                                                                                     
   7      On April 30, 2024, Karooooo Logistics (Pty) Ltd repurchased its ordinary                                                                      
          shares at a purchase price of ZAR 15.2 million in accordance with the Companies Act of South Africa and cancelled the repurchased shares.     
          As a result, the Group’s effective shareholding in Karooooo Logistics (Pty) Ltd increased from 70.1% to 74.8% after completion of             
          the repurchase and cancellation.                                                                                                              
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The accompanying notes form an integral part of
these financial statements.

F