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NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS
CONTINUED
For the year ended 31 May 2014
172
BLUE LABEL INTEGRATED ANNUAL REPORT 2014
2014
Number
of shares
2013
Number
of shares
2014
R’000
2013
R’000
13.
SHARE CAPITAL
Authorised
Total authorised share capital of
ordinary shares (par value of
R0.000001 each)
1 000 000 000
1 000 000 000
1
1
Issued
Balance at the beginning of the year
661 635 258
661 501 917
*
*
Shares acquired during the year
(1 368 822)
(2 567 171)
*
*
Shares vested during the year
3 629 922
2 700 512
*
*
Balance at the end of the year
663 896 358
661 635 258
*
*
* Less than R1 000.
All issued shares are fully paid up.
The total number of shares in issue, including shares held as treasury shares as at 31 May 2014, is
674 509 042 (2013: 674 509 042).
The Company acquired 1 368 822 (2013: 2 567 171 ) shares at an average price of R8.12 (2013: R6.71) on
the JSE in order to grant forfeitable shares to employees and directors.
The amount paid to acquire these shares was R11 120 071 (2013: R17 222 717) and has been deducted
from shareholders’ equity.
These shares are held as “treasury shares”.
See note 31 for details on the forfeitable shares.