NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS – NOTE 15

15. ISSUED SHARE CAPITAL

  Group   Company  
  June
2016
R'000
  June
2015
R'000
  June
2016
R'000
  June
2015
R'000
 
Authorised                
1 billion ordinary shares at no par value 10 000   10 000   10 000   10 000  
60 million redeemable preference shares of 1 cent each 600   600   600   600  
Issued                
Issued ordinary shares at 30 June 2016:                
554 377 328 made up as follows:                
Issued ordinary share capital                
554 377 328 (June 2015: 467 855 101) ordinary shares of 1 cent each 18 686   17 821   18 686   17 821  
– Opening balance 17 821   17 821   17 821   17 821  
– Issue of share capital* 865     865    
Share premium (note 16) 970 358   525 633   970 358   525 633  
  989 044   543 454   989 044   543 454  

The Directors are authorised, by resolution of the members and until the forthcoming Annual General Meeting, to issue the unissued shares in accordance with the limitation set by member

* The issue of shares was as a result of the WAD acquisition, which was effective 1 August 2015.

NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS – NOTE 15