Notes to the company financial
statements
FOR THE YEAR ENDED 30 SEPTEMBER
| 2020 Rm |
2019 Rm |
||
|---|---|---|---|
| 12 | SHARE CAPITAL AND PREMIUM | ||
| AUTHORISED SHARE CAPITAL | |||
| 500 000 6% non-redeemable cumulative preference shares of R2 each (2019: 500 000) | 1 | 1 | |
| 400 000 000 ordinary shares of 5 cents each (2019: 400 000 000) | 20 | 20 | |
| 21 | 21 | ||
| Issued share capital | |||
| 375 000 6 % non-redeemable cumulative preference shares of R2 each (2019: 375 000) | 1 | 1 | |
| 201 025 646 ordinary shares of 5 cents each (2019: 212 692 583) | 10 | 11 | |
| 10 | 12 | ||
| Share premium* | (1 286) | 274 | |
| Total issued share capital and premium | (1 276) | 286 |
| * | During the year 18 245 058 shares were repurchased and cancelled as part of the group’s formal buy-back program. |
|
At the general meeting of the company held on 14 February 2019 the groups’ B-BBEE transaction Khula Sizwe was approved. During the year 6 578 121 shares were issued to the Barloworld Empowerment Foundation. There were no costs incurred in issuing these shares. There are no rights preferences or restrictions on the ordinary shares in issue with the exception of those shares issued to the Barloworld Empowerment Foundation. Refer to note 23 of the group annual financial statements for further details relating to the companies share capital. |