Pick n Pay Group of Companies financial statements

notes to the group financial statements

Pick n Pay Stores Group

Pick n Pay Holdings Group

52 weeks

1 March

2015

Rm

52 weeks

2 March

2014

Rm

52 weeks

1 March

2015

Rm

52 weeks

2 March

2014

Rm

20.

TREASURY SHARES

At beginning of period

145.7

139.4

95.3

89.3

Share repurchases

177.9

45.7

22.2

9.5

Take-up of share options by employees

(154.5)

(39.4)

(8.5)

(3.5)

Shares issued under forfeitable share plan (issued for no value)

—

—

—

—

At end of period

169.1

145.7

109.0

95.3

Comprises:

Pick n Pay Stores Limited shares

60.1

50.4

—

—

Pick n Pay Holdings Limited RF shares

109.0

95.3

109.0

95.3

The movement in the number of treasury shares held is as follows:

000’s

000’s

000’s

000’s

At beginning of period

1 974.5

2 046.6

11 042.5

10 961.6

Shares purchased during the period

2 904.7

936.4

926.8

493.7

Shares sold during the period pursuant to the take-up of share options by employees

(3 132.3)

(1 008.5)

(862.8)

(412.8)

Shares issued under forfeitable share plan

6 925.0

—

—

—

At end of period

8 671.9

1 974.5

11 106.5

11 042.5

Comprises:

Shares issued under forfeitable share plan

6 925.0

—

—

—

Shares held by share trust and subsidiary (note 5)

1 746.9

1 974.5

11 106.5

11 042.5

R

R

R

R

Average price of forfeitable share plan shares held at period end

55.59

—

—

—

Average purchase price of share options purchased during the period

57.53

48.84

24.02

19.34

Average purchase price of share options held at period end

54.95

43.73

10.58

9.16