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BLUE LABEL
INTEGRATED ANNUAL REPORT 2017
2017
R’000
2016
R’000
9.
Cash and cash equivalents
Cash at bank
1 002
1 303
1 002
1 303
2017
Number
of shares
2016
Number
of shares
2017
R’000
2016
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
666 243 234
665 463 346
*
*
Shares acquired during the year
(348 651)
(2 383 471)
*
*
Shares vested during the year – Blue Label
Telecoms Limited
910 966
1 288 836
*
*
Shares vested during the year – Blue Label
Telecoms Limited subsidiaries
1 230 706
1 874 523
*
*
Balance at the end of the year
668 036 255
666 243 234
*
*
* 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 2017, is 674 509 042
(2016: 674 509 042).
The Company acquired 348 651 (2016: 2 383 471) shares at an average price of R21.17 (2016: R9.67) on the JSE
in order to grant forfeitable shares to employees and directors as part of the Group’s forfeitable share plan.
The amount paid to acquire these shares was R7 380 663 (2016: R23 052 001) and has been deducted from
shareholders’ equity.
These shares are held as treasury shares. Refer to note 11 for details on the forfeitable shares.
Notes
to the Company annual financial statements
continued
For the year ended 31 May 2017