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GROUP AND COMPANY |
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|
2009 |
|
|
2008 |
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Rm |
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Rm |
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| 6. |
SHARE CAPITAL |
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Authorised |
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|
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|
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800 000 000 ordinary shares of 1.25 cents each |
|
10.0 |
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|
10.0 |
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Issued |
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|
|
|
|
|
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527 249 082 ordinary shares of 1.25 cents each |
|
6.6 |
|
|
6.6 |
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| |
|
|
000’s |
|
|
000’s |
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Number of shares in issue at 28 February is made up as follows: |
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|
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Treasury shares held by the share trust (note 7) |
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10 418.5 |
|
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11 228.3 |
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Treasury shares held by a subsidiary company (note 7) |
|
1 708.2 |
|
|
1 680.3 |
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| |
|
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12 126.7 |
|
|
12 908.6 |
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Shares held outside the Holdings Group |
|
515 122.4 |
|
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514 340.5 |
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At 28 February |
|
527 249.1 |
|
|
527 249.1 |
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118.7 million of the unissued shares remain under the control of the directors until the next annual general meeting. |
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1997 Employee Share Option Scheme |
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The directors are authorised to utilise up to 17.5% of the issued share capital for the scheme. |
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Number of
options
000’s |
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Number of
options
000’s |
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Movement in the number of options granted but not taken up are as follows: |
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|
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At 1 March |
|
11 803.4 |
|
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15 210.0 |
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New options granted* |
|
787.0 |
|
|
708.8 |
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Options taken up** |
|
(1 111.3) |
|
|
(4 115.4) |
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At 28 February |
|
11 479.1 |
|
|
11 803.4 |
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Options granted may be taken up during the following financial years: |
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|
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| Year |
Average grant price |
| 2010 |
R5.42 |
|
|
11 479.1 |
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|
|
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Percentage of issued shares |
|
2.2% |
|
|
2.2% |
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Options available for granting under current authorisation |
|
80 789.5 |
|
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80 465.2 |
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*Average price of options granted during the year |
|
R11.32 |
|
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R13.25 |
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**Average price of options taken up during the year |
|
R3.45 |
|
|
R3.69 |
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The Employee Share Purchase Trust, which administers the 1997 |
|
|
|
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Share Option Scheme, holds the following number of ordinary shares: |
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|
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As a hedge against shares granted or to be granted by that scheme reflected as treasury shares |
|
10 418.5 |
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11 228.3 |
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On behalf of share purchase scheme participants |
|
525.2 |
|
|
546.9 |
|
| |
|
|
10 943.7 |
|
|
11 775.2 |
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