Notes to the annual financial statements

FOR THE YEAR ENDED 31 MARCH 2008

« Note 15 Note 17 »
       
16. SHARE CAPITAL AND SHARE PREMIUM    
    2008   2007  
    R million   R million  
  Share capital    
  Authorised    
  512 493 650 ordinary shares of 1 cent each 5.1   5.1  
   40 506 352 B ordinary shares of 10 cents each 4.1   4.1  
    9.2   9.2  
       
  Issued    
  449 003 606 (2007: 448 802 207) ordinary shares of 1 cent each 4.5   4.5  
   35 506 352 (2007: 35 506 352) B ordinary shares of 10 cents each 3.5   3.5  
    8.0   8.0  
       
    Number of   Number of  
    shares   shares  
  Movement of the ordinary shares of 1 cent each for the year:    
  Total number of shares issued at 1 April 448 802 207   448 802 207  
  Shares issued 201 399   –  
  Total number of shares issued at 31 March* 449 003 606   448 802 207  
  * Treasury shares held by wholly owned subsidiary companies included.    
       
    2008   2007  
  Share premium R million   R million  
  Movement of the share premium account for the year:    
  Balance at 1 April –   –  
  Shares issued 37   –  
  Balance at 31 March 37   –  
   
 

Each ordinary share has one vote.
Each B ordinary share has ten votes.

Number of shares held in treasury by a wholly owned subsidiary and shares held by The Remgro Share Trust (ordinary shares of
1 cent each): 11 972 555 (2007: 11 948 372 ).

At a general meeting held on 22 August 2007, the unissued shares, as at 31 March 2007, comprising 63 691 443 ordinary shares of 1 cent each and 5 000 000 B ordinary shares of 10 cents each were placed under the control of the Board of Directors as a general authority in terms of section 221(2) of the Companies Act (No. 61 of 1973), as amended (“Companies Act”), subject to the provisions of the Companies Act and the Rules and Requirements of the JSE until the next annual general meeting of the Company, for allotment and issue to such persons as they deemed fit, provided that 26 000 000 ordinary shares and 5 000 000 B ordinary shares in the authorised share capital of the Company are reserved for the purposes of the Remgro Share Scheme in terms of an ordinary resolution passed by the shareholders on 21 September 2000.

Details in respect of the share scheme and the current year’s offers are disclosed in note 24 and the Report of the Board of
Directors.