for the year ended 30 June
R million | 2014 | 2013 | ||
9. | SHARE CAPITAL AND PREMIUM | |||
Authorised | ||||
150 000 000 (2013:150 000 000) ordinary shares of 8 cents each | 12 | 12 | ||
100 000 000 (2013:100 000 000) variable rate cumulative redeemable preference shares of 1 cent each | 1 | 1 | ||
Issued* | ||||
Share capital | 9 | 9 | ||
Share premium | 300 | 300 | ||
309 | 309 | |||
* The issued preference shares have been included in borrowings in note 10. | ||||
1 875 517 shares in the unissued share capital of the Company remain under the control of the directors as a specific authority in terms of section 38(1) of the Companies Act to allot and issue in accordance with the share option scheme. 10 780 000 shares were placed under the specific control of the directors to allot and issue in accordance with the EGP and BSMP. |
2014 | 2013 | |||||
Number of shares |
Rm | Number of shares |
Rm | |||
Movement during the year | ||||||
Balance at beginning of year | 114 129 455 | 309 | 113 487 165 | 277 | ||
Exercised treasury share options | – | – | 642 290 | 32 | ||
Statutory shares in issue at end of year | 114 129 455 | 309 | 114 129 455 | 309 |