| Notes to the consolidated annual financial statements l Note 13 |
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2014
Rm |
2013
Rm |
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| 13. |
Share capital and premium |
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Authorised share capital |
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500 000 6% non-redeemable cumulative preference shares of R2 each |
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1 |
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1 |
1 |
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400 000 000 (2014: 400 000 000; 2013: 400 000 000) ordinary shares of 5 cents each |
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20 |
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20 |
20 |
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21 |
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21 |
21 |
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Issued share capital |
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375 000 6% non-redeemable cumulative preference shares of R2 each (2014: 375 000); (2013: 375 000) |
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1 |
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1 |
1 |
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226 727 596 ordinary shares of 5 cents each, (2014: 231 291 819; 2013: 231 291 819) |
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12 |
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12 |
12 |
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13 |
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13 |
13 |
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Share premium: |
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269 |
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303 |
303 |
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Balance at beginning of year |
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303 |
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303 |
296 |
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Premium on share issues |
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7 |
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Premium on share buy-back |
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(34) |
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Total issued share capital and premium |
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282 |
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316 |
316 |
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Issued shares: |
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Total number of shares in issue at beginning of year excluding B-BBEE shares |
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212 584 553 |
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212 584 553 |
212 304 715 |
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Issued during the year: |
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Share options exercised |
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279 838 |
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Share buy-back during the year |
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(450 000) |
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Total number of ordinary shares in issue at end of year, excluding B-BBEE shares |
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212 134 553 |
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212 584 553 |
212 584 553 |
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Other shares issued in respect of B-BBEE transaction |
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14 593 043 |
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18 707 266 |
18 707 266 |
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Total number of ordinary shares in issue at end of year, including B-BBEE shares |
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226 727 596 |
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231 291 819 |
231 291 819 |
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Treasury shares |
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(783 585) |
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(4 994 238) |
(5 456 647) |
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Net number of ordinary shares in issue at end of year |
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225 944 011 |
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226 297 581 |
225 835 172 |
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Unissued shares: |
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Ordinary shares reserved to meet the requirements of the |
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Barloworld Share Option Scheme (note 1 below) |
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23 129 182 |
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23 129 182 |
23 129 182 |
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Ordinary shares |
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150 143 222 |
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145 578 999 |
145 578 999 |
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173 272 404 |
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168 708 181 |
168 708 181 |
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6% Non-redeemable cumulative preference shares |
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125 000 |
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125 000 |
125 000 |
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| Notes: |
| 1. |
The members at the general meeting on 20 January 2005 reserved shares for the purposes of the Barloworld Share
Option Scheme. |
| 2. |
The directors have a general authority to allot and issue up to 5% of the authorised but unissued ordinary shares of
5 cents each of the share capital of the company as approved at the 2014 annual general meeting. |
| 3. |
The directors have a general authority to buy back up to 5% of the ordinary shares issued by the company. |
| 4. |
Refer note 32 for detail about the Barloworld share incentive schemes and share-based payments disclosure. |
| 5. |
The members in the general meeting on 19 June 2015 gave specific authority to issue 450 000 additional shares at par
value for cash to the strategic black partners and community service group participants as part of the amendments to
the 2008 B-BBEE transaction. These shares have been issued on 5 November 2015. To facilitate this the group bought
back 450 000 shares for R34 million. |
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| Notes to the consolidated annual financial statements l Note 13 |
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