ANNUAL FINANCIAL STATEMENTS 2023
For the year ended 30 September 2023
For the year ended 30 September 2023
| 22 | SHARE CAPITAL |
| GROUP | COMPANY | |||||
| (R’million) | 2023 | 2022 | 2023 | 2022 | ||
|---|---|---|---|---|---|---|
22.1 |
Authorised share capital |
|||||
| 250 000 000 (2022: 250 000 000) ordinary shares of 10 cents each | ||||||
22.2 |
Issued share capital |
18,0 | 18,0 | 18,0 | 18,0 | |
| 180 327 980 (2022: 180 327 980) ordinary shares of 10 cents each | 18,0 | 18,0 | 18,0 | 18,0 | ||
22.3 |
Number of ordinary shares in issue outside the group |
|||||
| Number of ordinary shares issued | 180 327 980 | 180 327 980 | 180 327 980 | 180 327 980 | ||
| Less: Treasury shares | (10 326 758) | (10 326 758) | (10 326 758) | (10 326 758) | ||
| Number of ordinary shares in issue | 170 001 222 | 170 001 222 | 170 001 222 | 170 001 222 | ||
| Less: Empowerment entities shares | (13 586 779) | (13 632 362) | (13 586 779) | (13 632 362) | ||
| Number of ordinary shares issued outside the group | 156 414 443 | 156 368 860 | 156 414 443 | 156 368 860 | ||
| The movement of ordinary shares during the current year was as follows: | ||||||
| Beginning of the year | 180 327 980 | 189 818 926 | 180 327 980 | 189 818 926 | ||
| Shares issued | ||||||
| Less: Shares repurchased* | – | (9 490 946) | – | (9 490 946) | ||
| End of the year | 180 327 980 | 180 327 980 | 180 327 980 | 180 327 980 | ||
22.4 |
Share premium |
– | – | – | – | |
| Balance at beginning of year | – | 123,0 | – | 123,0 | ||
| Less: Shares repurchased* | – | (123,0) | – | (123,0) | ||
| 18,0 | 18,0 | 18,0 | 18,0 | |||
| * | During the prior 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 |