Notes to the Company Annual Financial Statements | Note 8

8. SHARE CAPITAL AND PREMIUM

ACCOUNTING POLICY

An equity instrument is any contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities. Ordinary shares are classified as equity.

Incremental costs directly attributable to the issue of new shares or options are shown in equity as a deduction, net of tax, from the proceeds.

Shares procured on behalf of the subsidiaries in terms of this scheme, are accounted for as treasury shares in the statement of financial position.

AUTHORISED

2 000 000 000 ordinary shares with no par value

RECONCILIATION OF SHARES ISSUED (NET OF TREASURY SHARES) Number 
of shares 
2026 		 Number 
of shares 
2025 
Balance at the beginning of the year  908 320 890  911 124 549 
Share buyback during the year1 (391 202) (2 803 659)
907 929 688  908 320 890 
Total number of shares in issue  913 655 873  913 655 873 
Treasury shares  (5 726 185) (5 334 983)
1 Purchase of shares that have been forfeited by subsidiaries and associates in relation to the Blu Label Unlimited Group Conditional Share Scheme.
ISSUED 2026 
R'000 		 2025 
R'000 
913 655 873 (2025: 913 655 873) ordinary shares  7 686 524  7 686 524 
Treasury shares  (69 262) (66 621)
7 617 262  7 619 903 

All shares issued are fully paid up.