Table of contents

18. Share capital and share
premium
At 30 June 2016 the authorised share capital is 15,998,000.
There were a total of 10,998,000 fully paid ordinary shares
in issues.
The par value of the shares is €1 per share.
All shares have equal voting rights.
Issued 2016 2015
No par value shares -
Mauritius Group
No par value shares - South
Africa Group
10.998.000 Par value shares
of €1 each - MyBucks
€ €
- 6 498 313
- 1 179 213
10 998 000 -
Total share capital 10 998 000 7 677 526
Initial public offering - MyBucks
On 21 June 2016. MyBucks S.A. made an initial public offer
for shares in the Company on the Entry Standard of the
Frankfurt Stock Exchange.
The increase in share capital consists of 1,000,000 new
shares against contributions in cash. The offering price
was set at €13.50 per share. The par value of the shares is
€1 per share, resulting in a share premium of €12,50 per
share.
The table below illustrates the share premium that arose
during the initial public offering:
Share premium raised on the initial
public offering
2016 2015
€ €
12 500 000 -
Initial public offering costs (4 086 721) -
Net share premium 8 413 279 -
The initial public offering costs are transaction costs relating
to the share transaction and the listing on the Frankfurt
Stock Exchange Entry Standard. These are incremental
costs to the transaction as these costs were necessary
costs incurred to effectively conclude the initial public
offering.
Greenshoe options
An overallotment of 150,000 share options was allocated,
as a part of the initial public offering (“IPO”), to Hauck
& Aufhauser Privatbankiers KGaA (“Underwriters”). The
grant date of the options was 23 June 2016 and at the
exercise price of €13.5 per share. Underwriters exercised
the Greenshoe options in full on 22 July 2016 transferring
proceeds of €2,025,000 to the Group. Management
estimated fair value of the options at grant date and during
the exercisable period to be equal to the exercise price.
Initial public offering - Getbucks Zimbabwe
On 15 January 2016, Getbucks Zimbabwe successfully listed
its shares on the Zimbabwe Stock Exchange (ZSE). The
company raised a total amount of €2,932,417 ($3,200,000)
through the subscription of 93,567,251 ordinary shares at
a subscription price of €0.0313 ($0.0342) per share and a
nominal value of €0.0031 ($0.0034) per share. This resulted
in share premium of €2,642,588 being generated out of
which €2,332,452 is attributable to owners of the parent
and €310,136 has been allocated to the Non-controlling
interest representing the change in holding.
This resulted in a change in holding from 55.0% to 50.3%.
The group maintained control over Getbucks Zimbabwe.
19. Earnings per share
Basic earnings per share
Basic earnings per share is calculated by dividing the
profit attributable to equity holders of the company by
the weighted average number of ordinary shares in issue
during the year.
2016 2015
cents cents
Basic earnings (loss) per share (6.45) 33.42
Diluted earnings per share
Diluted earnings per share is determined by adjusting
profit or loss attributable to ordinary equity holders
of the parent entity, and dividing this by the weighted
average number of shares outstanding, for the effects of
all dilutive potential ordinary shares.
2016 2015
cents cents
Diluted earnings (loss) per share (6.44) 33.42
Reconciliations of earnings
used in calculating earnings
per share
Basic and diluted earnings per
share
Profit attributable to the
ordinary equity holders of the
company used in calculating
basic and diluted earnings per
share
2016 2015
€ €
(646 333) 3 335 316
Weighted average number of shares used as the
denominator
2016 2015
€ € €
Weighted average number 10 022 658 9 980 000
of ordinary shares used
as the denominator in
calculating basic earnings
per share
Adjusted for calculation of
diluted earnings per share:
Employee option plan 13 957 -
Greenshoe option 262 -
Weighted average number
of ordinary shares and
potential ordinary shares
used as the denominator in
calculating diluted earnings
per share 10 036 877 9 980 000
Employee option plan
The options granted to employees under the MyBucks
S.A. Employee Option Plan are potential ordinary shares.
They have been included in the determination of diluted
earnings per share as they have a dilutive effect.
Greenshoe option
Options granted to the underwriter are potential ordinary
shares. They have been included in the determination of
diluted earnings per share as they have a dilutive effect.
20. Foreign currency translation
reserve
Translation reserve comprises exchange differences on
translation and consolidation of foreign subsidiaries.
2016 2015
€ € €
Opening balance 1 087 302 (534 430)
Exchange differences (4 162 265) 1 621 732
on translating foreign
operations
(3 074 963) 1 087 302
21. Share based payment
reserve
Employee share option incentive scheme
The Group engages in equity settled share-based payment
transactions in respect of services received from certain of
its employees.
The fair value of the services received is measured by
reference to the fair value of the share options granted
on the date of the grant. The cost of the employee
services received in respect of the share options granted
is recognised in the Consolidated Combined Consolidated
Statement of Profit or Loss and Comprehensive Income
over the period that the services are received, which is the
vesting period.
MyBucks’ Board of Directors approved the employee share
option plan on the 1 st of May 2016. Participation in the
scheme is at the Board’s discretion and no individual has a
contractual right to participate in the scheme or to receive
any guaranteed benefits.
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MyBucks Annual Report 2016 126
127 MyBucks Annual Report 2016