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Tiger Brands Limited

Annual Financial Statements

Annual financial statements

Share capital

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COMPANY       GROUP
2022   2021     (R'million) 2022   2021
        21 Share capital      
        21.1 Authorised share capital*      
          250 000 000 (2021: 250 000 000) ordinary shares of 10 cents each      
18,0   19,0   21.2 Issued share capital* 18,0   19,0
18,0   19,0     180 327 980 (2021: 189 818 926) ordinary shares of 10 cents each 18,0   19,0
–   123,0   21.3 Share premium* –   123,0
123,0   123,0     Balance at the beginning of the year 123,0   123,0
(123,0)   –     Repurchase of shares (123,0)   –
18,0   142,0       18,0   142,0
* During the year, the group embarked on a share buy-back programme of which 9 490 946 of the Tiger Brands shares were repurchased at an average price of R152,62. The shares were issued at an original par value of R0,1 per share. The par value is recognised against the issued share capital, with the remaining amount against the share premium available and thereafter in the accumulated profits equity reserve.