Notes to the annual financial statements

Pick n Pay Holdings Limited
 
     
 
      GROUP AND COMPANY
      2011  
Rm  		     2010  
Rm  
7.   Share capital            
  Authorised            
  800 000 000 ordinary shares of 1.25 cents each     10.0       10.0  
  Issued            
  527 249 082 ordinary shares of 1.25 cents each     6.6       6.6  
             
      Number of  
shares  
000’s  		     Number of  
shares  
000’s  
  Number of shares in issue at 28 February is made up as follows:            
  Treasury shares held by the share trust (note 8)    9 103.8       10 077.6  
  Treasury shares held by a subsidiary company (note 8)    1 817.0       1 784.3  
      10 920.8       11 861.9  
  Shares held outside the Holdings Group     516 328.3       515 387.2  
  At 28 February     527 249.1       527 249.1  
  Under a general authority 26.4 million of the unissued shares remain under the control of the directors until the next annual general meeting.            
  1997 Employee Share Option Scheme            
  In addition to the general authority above, 92.3 million unissued shares (17.5% of issued shares) remain under the control of the directors to implement the terms and provisions of the Pick n Pay 1997 Share Option Scheme.            
             
      Number of  
options  
000’s  		     Number of  
options  
000’s  
  Movement in the total number of share options is as follows:            
  At 1 March     10 970.8       11 479.1  
  New options granted*   1 893.0       655.8  
  Options taken up**   (3 039.2)      (1 164.1) 
  At 28 February     9 824.6       10 970.8  
  Options granted may be taken up during the following financial years:            
 
Year Average grant price
2012 R9.28
  9 824.6        
  Percentage of issued shares     1.9%       2.1%  
  Options available for granting under current authorisation     82 443.9       81 297.8  
   *Average price of options granted during the year     R16.00       R12.20  
  **Average price of options taken up during the year     R4.77       R4.92  
  The Employee Share Purchase Trust, which administers the 1997 Share Option Scheme, holds the following number of ordinary shares:            
  As a hedge against shares granted or to be granted by that scheme reflected as treasury shares     9 103.8       10 077.6  
  On behalf of share purchase scheme participants     436.3       500.0  
      9 540.1       10 577.6  
 
 

 

  
 
Integrated Annual Report 2011|www.picknpay.co.za