Notes to the annual financial statements

FOR THE YEAR ENDED 31 MARCH 2009

« Note 16 Note 18 »
       
17. share capital and share premium    
    2009   2008  
    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
  439 479 751 (2008: 449 003 606) ordinary shares of 1 cent each 4.4   4.5  
     35 506 352 (2008: 35 506 352) B ordinary shares of 10 cents each 3.5   3.5  
     7.9   8.0  
   
    2009   2008  
    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 449 003 606   448 802 207  
  Shares issued –   201 399  
  Shares cancelled (9 523 855)  –  
  Total number of shares issued at 31 March* 439 479 751   449 003 606  
  * Treasury shares held by wholly owned subsidiary companies included.
    2009   2008  
  Share premium R million   R million  
  Movement of the share premium account for the year:
  Balance at 1 April 37   –  
  Shares issued –    37  
  Shares cancelled (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): 3 500 000 (2008: 11 972 555).

At a general meeting of shareholders held on 7 October 2008, 21 000 000 Remgro ordinary shares were placed under the control of the Remgro Board as a specific authority for purposes of issuing and allotting such Remgro ordinary shares to participants in the Remgro Equity Settled Share Appreciation Right Scheme (the “SAR Scheme”) in accordance with the provisions of the rules of the SAR Scheme.

Details in respect of the share schemes and the current year’s offers are disclosed in note 25 and the Report of the Board
of Directors.