Notes to the Group annual financial statements

for the period ended 3 March 2013
    Pick n Pay Stores
Group
  Pick n Pay Holdings
Group
    2013   2012     2013   2012  
    Rm   Rm     Rm   Rm  
21.   TREASURY SHARES            
  At beginning of period   142.8   172.0     82.4   77.7  
  Share repurchases   77.9   42.7     10.5   12.0  
  Take-up of share options by employees   (81.3)  (71.9)    (3.6)  (7.3) 
  At end of period   139.4   142.8     89.3   82.4  
  Comprises:            
  Pick n Pay Stores Limited shares   50.1   60.4     —   —  
  Pick n Pay Holdings Limited shares   89.3   82.4     89.3   82.4  
  The movement in the number of treasury shares held is as follows:   000’s   000’s     000’s   000’s  
  At beginning of period   2 482.2   3 411.6     10 856.1   10 920.8  
  Shares purchased during the period   1 799.4   957.5     537.6   653.2  
  Shares sold during the period pursuant to the take-up of share options by employees   (2 235.0)  (1 886.9)    (432.1)  (717.9) 
  At end of period   2 046.6   2 482.2     10 961.6   10 856.1  
  Comprises:            
  Shares held by share trust   2 046.6   2 482.2     9 115.8   9 011.0  
  Shares held by a subsidiary (Blue Ribbon Share Trust)  —   —     1 845.8   1 845.1  
  Average purchase price of shares purchased during the period   R43.29   R42.25     R19.53   R18.37  
  Average purchase price of shares held at period end   R24.48   R24.33     R8.15   R7.59