Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 54

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 3
Chunk 54
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 a court of law of competent jurisdiction, expressed to be for a fixed sum of money, whether it was
procured by fraud, or in breach of principles of natural justice, or whether the enforcement thereof would be contrary to public policy.

Accordingly, there can be no
assurance that the Singapore courts would enforce against us, our directors or our officers, judgments obtained in the United States which
are predicated upon the civil liability provisions of the federal securities laws of the United States.

Subject to the general authority
to allot and issue new ordinary shares provided by our shareholders, the Singapore Companies Act and our constitution, our directors may
allot and issue new ordinary shares on terms and conditions and for such purposes as may be determined by our board of directors in its
sole discretion. Any issuance of new shares would dilute the percentage ownership of existing shareholders and could adversely impact
the market price of our ordinary shares.

Under Singapore law, we may only
allot and issue new ordinary shares with the prior approval of our shareholders in a general meeting. Subject to the general authority
to allot and issue new ordinary shares provided by our shareholders, the provisions of the Singapore Companies Act, and our constitution,
we may allot and issue new ordinary shares on such terms and conditions as our directors may think fit to impose. Such terms and conditions
may be adverse to the rights of holders of our ordinary shares. Any additional issuances of new ordinary shares could dilute the percentage
ownership of our existing shareholders and may adversely impact the market price of our ordinary shares.

Because new issuances of ordinary
shares are subject to shareholder approval, if a sufficient number of shares have not been approved for issuance in any given year, we
may be delayed in raising capital through equity offerings or delayed or prevented from consummating an acquisition using our ordinary
shares.

Assuming shareholders have approved
the issuance of new shares, we may seek to raise capital in the future, including to fund acquisitions, future investments and other growth
opportunities. We may, for these and other purposes, issue additional ordinary shares or securities convertible into ordinary shares.
Any additional issuances of new ordinary shares could dilute the percentage ownership of our existing shareholders and may also adversely
impact the market price of our ordinary shares.

We are subject to the laws of
Singapore, which differ in certain material respects from the laws of the United States.

As a Singapore-incorporated company,
we are required to comply with the laws of Singapore, certain of which are capable of extra-