FilingReader Intelligence

Karooooo CEO's $75m share offering priced

June 12, 2025 at 09:01 PM UTCBy FilingReader AI

Karooooo Ltd. (JSE:KRO) announced the pricing of a secondary public offering of 1,500,000 ordinary shares held by CEO Isaias (Zak) Jose Calisto, at a public offering price of $50.00 per share, generating gross proceeds of approximately USD 75 million. The offering is expected to close on June 13, 2025, with underwriters having a 30-day option to purchase an additional 225,000 shares. Calisto will continue to beneficially own 58.00% of outstanding shares after the offering (or 57.27% if the underwriter option is exercised). The company will not receive any proceeds from the sale. UBS Investment Bank, William Blair, and Standard Bank are acting as joint active lead book-running managers for the offering.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

JSE:KROEJohannesburg Stock Exchange

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