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