Notes to the Group financial statements

for the year ended 30 June

  R million   2014   2013   2012  
18.   SHARE CAPITAL AND PREMIUM        
  Authorised        
  150 000 000 (2013:150 000 000) ordinary shares of 8 cents each   12   12   12  
  100 000 000 (2013:100 000 000) variable rate cumulative redeemable preference shares of 1 cent each   1   1   1  
  Issued*        
  Share capital   9   9   9  
  Share premium   300   300   268  
  Treasury shares and share options   (1 829)  (1 781)  (1 787) 
    (1 520)  (1 472)  (1 510) 
  All issued shares are fully paid.  
* The issued preference shares have been included in borrowings in note 21. 
 
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 BMSP.  
    2014   2013   2012  
    Number  
of shares  
Rm   Number  
of shares  
Rm   Number  
of shares  
Rm  
  Movement during the year              
  Statutory shares in issue   114 129 455   309   114 129 455   309   113 487 165   277  
               
  Balance at beginning of year   114 129 455   309   113 487 165   277   111 095 130   146  
  Exercise of treasury share options   –   –   642 290   32   2 053 988   124  
  Shares issued   –   –   –   –   338 047   7  
               
  Treasury shares and share options   (21 082 140)  (1 829)  (20 895 969)  (1 781)  (21 010 770)  (1 787) 
  Balance at beginning of year   (20 895 969)  (1 781)  (21 010 770)  (1 787)  (17 218 464)  (1 613) 
  Deemed treasury shares purchased   (409 119)  (41)  (149 361)  (3)  (831 273)  (72) 
  Additional treasury shares consolidated in respect of Dinokana   –   –   –   –   (3 427 077)  (187) 
  Treasury share options exercised   –   –   –   29   –   61  
  Treasury shares and deemed treasury shares disposed of   91 894   9   110 342   –   2 174   –  
  Treasury share options purchased   –   (29)  –   (34)  –   (20) 
  Vested shares awards   131 054   13   153 820   14   463 870   44  
  Closing balance   93 047 315   (1 520)  93 233 486   (1 472)  92 476 395   (1 510) 
  Treasury shares & share options              
  Held by subsidiary   10 149 477   1 069   10 549 477   1 107   10 549 477   1 107  
  Deemed treasury shares & share options   1 615 485   308   1 029 314   222   1 144 115   228  
  Held by Dinokana   6 719 759   367   6 719 759   367   6 719 759   367  
  Held by Employee Share Trusts   2 597 419   85   2 597 419   85   2 597 419   85  
    21 082 140   1 829   20 895 969   1 781   21 010 770   1 787  
  No treasury share options were exercised during the year (2013: 642 290 shares). 409 119 (400 000 purchased shares are from the issue of treasury shares), RSP and BMSP (2013: 149 361 RSP and CSP) shares were purchased during the year under review and 91 894 (2013: 110 342 RSP) RSP, CSP and BSMP shares were disposed.