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GROUP |
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2009 |
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2008 |
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Rm |
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Rm |
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| 20. |
TREASURY SHARES |
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| 20.1 |
Treasury shares comprise Pick n Pay Stores Limited and Pick n Pay Holdings |
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Limited shares held by subsidiary companies and the share trust. |
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At 1 March |
814.3 |
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630.2 |
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Share repurchases |
21.6 |
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299.6 |
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Take-up of share options by employees |
(92.3) |
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(115.5) |
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At 28 February |
743.6 |
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814.3 |
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Comprises: |
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Pick n Pay Stores Limited shares |
689.2 |
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759.9 |
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Pick n Pay Holdings Limited shares |
54.4 |
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54.4 |
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Number
of shares
000’s |
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Number
of shares
000’s |
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| 20.2 |
The movement in the number of treasury shares held is as follows: |
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Pick n Pay Stores Limited |
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At 1 March |
35 460.3 |
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30 138.2 |
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Shares purchased during the year |
576.9 |
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8 336.4 |
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Shares sold during the year pursuant to the take-up of share options by employees |
(2 686.0) |
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(3 014.3) |
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At 28 February |
33 351.2 |
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35 460.3 |
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Comprises: |
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Shares held by share trust |
7 614.6 |
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9 723.7 |
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Shares held by a subsidiary company |
25 736.6 |
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25 736.6 |
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Average purchase price of shares purchased during the year |
R33.45 |
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R35.09 |
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Average purchase price of shares held at year-end |
R20.66 |
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R21.43 |
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Pick n Pay Holdings Limited |
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At 1 March |
12 908.6 |
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16 300.5 |
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Shares purchased during the year |
330.4 |
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650.6 |
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Shares sold during the year, pursuant to the take-up of share options by employees |
(1 112.3) |
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(4 042.5) |
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At 28 February |
12 126.7 |
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12 908.6 |
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Comprises: |
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Shares held by share trust |
10 418.5 |
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11 228.3 |
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Shares held by a subsidiary company |
1 708.2 |
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1 680.3 |
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Average purchase price of shares purchased during the year |
R13.92 |
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R15.22 |
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Average purchase price of shares held at year-end |
R4.49 |
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R4.21 |
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