Notes to the annual financial statements
for the year ended 28 February 2010
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| 2010 Rm |
2009 Rm |
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| 20. | Treasury shares | |||
| 20.1 | Treasury shares comprise Pick n Pay Stores Limited and Pick n Pay Holdings Limited shares held by subsidiary companies and the share trust. | |||
| At 1 March | 743.6 | 814.3 | ||
| Share repurchases | 80.1 | 21.6 | ||
| Take-up of share options by employees | (92.6) | (92.3) | ||
| Shares repurchased and cancelled by the Company* | (469.9) | — | ||
| At 28 February | 261.2 | 743.6 | ||
| Comprises: | ||||
| Pick n Pay Stores Limited shares | 198.4 | 689.2 | ||
| Pick n Pay Holdings Limited shares | 62.8 | 54.4 | ||
| Number of shares 000's |
Number of shares 000's |
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| 20.2 | The movement in the number of treasury shares held is as follows: | |||
| Pick n Pay Stores Limited | ||||
| At 1 March | 33 351.2 | 35 460.3 | ||
| Shares purchased during the year | 1 793.6 | 576.9 | ||
| Shares sold during the year pursuant to the take-up of share options by employees | (2 627.7) | (2 686.0) | ||
| Shares repurchased and cancelled by the Company | (25 736.6) | — | ||
| At 28 February | 6 780.5 | 33 351.2 | ||
| Comprises: | ||||
| Shares held by share trust | 6 780.5 | 7 614.6 | ||
| Shares held by a subsidiary company | — | 25 736.6 | ||
| Average purchase price of shares purchased during the year | R37.74 | R33.45 | ||
| Average purchase price of shares held at year-end | R29.26 | R20.66 | ||
| Pick n Pay Holdings Limited | ||||
| At 1 March | 12 126.7 | 12 908.6 | ||
| Shares purchased during the year | 852.4 | 330.4 | ||
| Shares sold during the year pursuant to the take-up of share options by employees | (1 117.2) | (1 112.3) | ||
| At 28 February | 11 861.9 | 12 126.7 | ||
| Comprises: | ||||
| Shares held by share trust | 10 077.6 | 10 418.5 | ||
| Shares held by a subsidiary company | 1 784.3 | 1 708.2 | ||
| Average purchase price of shares purchased during the year | R15.84 | R13.92 | ||
| Average purchase price of shares held at year-end | R5.29 | R4.49 | ||
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| *For details on the shares repurchased and cancelled refer to note 19.3. |