107 / 182
FIVE
| 103
Integrated Report 2016
ANNUAL FINANCIAL STATEMENTS
(continued)
SIX
THREE
ONE
FOUR
TWO
Number of shares
18. SHARE CAPITAL
(continued)
18.4 RECONCILIATION OF ISSUED SHARES
Number of shares in issue
175 748 048
201 685 609
Number of A and B shares held by the BEE participants
–
(25 944 261)
Number of ordinary shares held by the BEE participants
–
(2 571 000)
Number of ordinary shares held by the Group company
(4 285 163)
(4 285 163)
Net shares in issue
171 462 885
168 885 185
Unissued shares
In terms of the Companies Act, the unissued shares are under the control of the directors.
Accordingly, the directors are authorised to allot and issue them on such terms and conditions
and at such times as they deem fit but subject to the provisions of the Companies Act.
The Group has a share incentive trust in terms of which shares were issued and share options
were granted. Refer to Annexure B. As required by IFRS and the JSE Limited, the share incentive
trust is consolidated into the Group’s annual financial statements.
19. SHARE PREMIUM
Balance at the beginning of the year
512 938
510 920
Issues of 6 700 ordinary shares (2015: 96 600)
189
2 018
Movement of treasury shares
153 746
–
666 873
512 938
2016
R’000
2015
R’000