Notes to the annual financial statements

FOR THE YEAR ENDED 31 MARCH 2010

« Note 17

Note 19 »

18.	share capital and share premium
	Share capital
	Authorised
		2010  R million	2009  R million
	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
	481 106 370 (2009: 439 479 751) ordinary shares of 1 cent each	4.8	4.4
	35 506 352 (2009: 35 506 352) B ordinary shares of 10 cents each	3.6	3.5
		8.4	7.9
		2010  Number of  Shares	2010  Number of  Shares
	Movement of the ordinary shares of 1 cent each for the year:
	Total number of shares issued at 1 April	439 479 751	449 003 606
	Shares issued	41 626 619	–
	Shares cancelled	–	(9 523 855)
	Total number of shares issued at 31 March*	481 106 370	439 479 751
	* Treasury shares held by wholly owned subsidiary companies included.
	Share premium	2010  R million	2009  R million
	Movement of the share premium account for the year:
	Balance at 1 April	–	37
	Shares issued	3 714	–
	Shares cancelled	–	(37)
	Balance at 31 March	3 714	–
	Each ordinary share has one vote.
	Each B ordinary share has ten votes.

Number of shares held in treasury by a wholly owned subsidiary (ordinary shares of 1 cent each): 3 424 044 (2009: 3 500 000).

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 26 and the Report of the Board of Directors.