Cartrack Group News Today : Breaking News, Live Updates & Top Stories | Vimarsana

MONEYWEB LIVESTREAM Cartrack shareholders will be given the opportunity to remain invested, through controlling shareholder Karooooo. By Duncan McLeod 8 Jan 2021  11:19  Open: Image: Michael Nagle, Bloomberg Cartrack, whose shares more than doubled in 2020, plans to delist from the JSE and file for an initial public offering on the tech-heavy Nasdaq stock exchange in the US, the company announced on Thursday. The South African-founded telematics and vehicle recovery specialist, which owns its own software assets and which now operates in 23 countries, believes the proposed scheme, i...

Cartrack targets Nasdaq listing Introduction Shareholders of Cartrack (“Cartrack Shareholders”) are referred to the cautionary announcements released by Cartrack on the Stock Exchange News Service (“SENS”) of the JSE Limited (“JSE”) on 09 September 2020, 22 October 2020 and 03 December 2020 wherein Cartrack Shareholders were advised that Cartrack had entered into negotiations and was exploring options with its controlling shareholder, Karooooo Pte. Ltd. (previously known as Karoo Pte. Ltd.) (“Karooooo”), wholly owned by the Cartrack founder and Group Chief Executive Officer, M...

Cartrack to list on the Nasdaq Cartrack, whose shares more than doubled in 2020, plans to delist from the JSE and file for an initial public offering on the tech-heavy Nasdaq stock exchange in the US, the company announced on Thursday. The South African-founded telematics and vehicle recovery specialist, which owns its own software assets and which now operates in 23 countries, believes the proposed scheme, if approved, will unlock value for shareholders, particularly those who elect to stay invested in a new holding company vehicle. Singapore-registered Karooooo (formerly Karoo), the c...