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NOTES TO THE COMPANY ANNUAL FINANCIAL STATEMENTS
CONTINUED
For the year ended 31 May 2015
213
BLUE LABEL INTEGRATED ANNUAL REPORT 2015
2015
Number
of shares
2014
Number
of shares
2015
R’000
2014
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
663 896 358
661 635 258
*
*
Shares acquired during the year
(2 252 420)
(1 368 822)
*
*
Shares vested during the year
– Blue Label Telecoms Limited
1 811 995
1 817 292
*
*
Shares vested during the year
– Blue Label Telecoms Limited
subsidiaries
2 007 413
1 812 630
*
*
Balance at the end of
the year
665 463 346
663 896 358
*
*
* 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 2015, is
674 509 042 (2014: 674 509 042).
The Company acquired 2 252 420 (2014: 1 368 822 ) shares at an average price of R8.49 (2014:
R8.12) on the JSE in order to grant forfeitable shares to employees and Directors.
The amount paid to acquire these shares was R19 131 983 (2014: R11 120 071) and has been
deducted from shareholders’ equity.
These shares are held as “treasury shares”. Refer to note 11 for details on the forfeitable shares.