NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS – NOTE 14

14. ISSUED SHARE CAPITAL
 
  GROUP   COMPANY  
  June 2017
R’000
  June 2016
R’000
  June 2017
R’000
  June 2016
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 2017:                
554 377 328 made up as follows:                
Issued ordinary share capital                
554 377 328 (June 2016: 554 377 328) ordinary shares of 1 cent each 18 686   18 686   18 686   18 686  
– Opening balance 18 686   17 821   18 686   17 821  
– Issue of share capital*   865     865  
Share premium (Note 16) 999 058   970 358   999 058   970 358  
  1 017 744   989 044   1 017 744   989 044  
* The issue of shares was as a result of the WAD transaction, which was effective from 1 August 2015.

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 members. All issued shares have been fully paid.


NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS – NOTE 14