Annual financial statements
Share capitalDownload pdf
|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.