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SUN INTERNATIONAL ANNUAL REPORT ’10
170
NOTES TO THE GROUP FINANCIAL STATEMENTS CONTINUED
for the year ended 30 June
21. SHARE CAPITAL AND PREMIUM
Authorised
150 000 000 (2009:150 000 000) ordinary shares of 8 cents each 12 12
100 000 000 (2009:100 000 000) variable rate cumulative redeemable preference shares
of 1 cent each 1 1
Issued*
Share capital 8 8
Share premium 138 99
Treasury shares (1 456) (1 494)
Held by subsidiary (1 184) (1 185)
Held by Employee Share Trusts (272) (309)
Treasury share options (152) (191)
* The issued preference shares have been included in borrowings in note 24.
2010
Rm
2009
Rm
(1 462) (1 578)
During the year the group exercised treasury share options resulting in the issue of 1 264 226 shares. There was a disposal of 683 877 shares
indirectly held by the Employee Share Trusts through Dinokana and a disposal of 27 756 RSP shares.
4 571 795 shares in the unissued share capital of the company remain under the control of the directors as a specific authority in terms of
section 221(2) of the Companies Act to allot and issue in accordance with the share option scheme. A further 10 780 000 shares have been
placed under the specific control of the directors to allot and issue in accordance with the EGP, CSP, DBP and RSP.
2010 2009
Number
of shares Rm
Number
of shares Rm
Movement during the year
Statutory shares in issue 111 095 130 146 109 830 904 107
Balance at beginning of year 109 830 904 107 105 494 769 8
Exercise of treasury share options 1 264 226 39 4 336 135 99
Treasury shares and share options (17 395 531) (1 608) (18 091 164) (1 685)
Balance at beginning of year (18 091 164) (1 685) (17 480 944) (1 839)
Deemed treasury shares purchased (16 000) (1) (835 409) (78)
Treasury shares disposed by Dinokana 683 877 37 225 189 12
Treasury share options exercised – 79 – 241
Treasury shares disposed 27 756 2 – –
Treasury share options purchased – (40) – (21)
Closing balance 93 699 599 (1 462) 91 739 740 (1 578)
Treasury shares:
Held by subsidiary 10 549 477 1 107 10 549 477 1 107
Deemed treasury shares 823 653 77 835 409 78
Held by Employee Share Trusts 6 022 401 272 6 706 278 309
17 395 531 1 456 18 091 164 1 494