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BUSINESS MODEL
AND STRATEGIC
OBJECTIVES
LEADERSHIP
GOVERNANCE
OPERATING
PERFORMANCE
SHAREHOLDERS’
INFORMATION AND
ADMINISTRATION
FINANCIAL
PERFORMANCE
BLUE LABEL INTEGRATED ANNUAL REPORT 2014
243
NOTES TO THE COMPANY ANNUAL FINANCIAL STATEMENTS
CONTINUED
For the year ended 31 May 2014
2014
Number
of shares
2013
Number
of shares
2014
R’000
2013
R’000
10.
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
– Blue Label Telecoms Limited
1 817 292
1 232 031
*
*
Shares vested during the year
– Blue Label Telecoms Limited
subsidiaries
1 812 630
1 468 481
*
*
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 11 for details on the forfeitable shares.