| 22 Share capital |
|
Group |
|
|
Company |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2017
Rm |
|
|
2016
Rm |
|
|
2017
Rm |
|
|
2016
Rm |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Authorised and issued share capital is made up as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
| Authorised |
|
|
|
|
|
|
|
|
|
|
|
|
| 1 000 000 000 ordinary shares of R10 each |
|
10 000 |
|
|
10 000 |
|
|
10 000 |
|
|
10 000 |
|
| Issued |
|
|
|
|
|
|
|
|
|
|
|
|
| 520 783 900 (2016: 520 783 900) ordinary shares of R10 each |
|
5 208 |
|
|
5 208 |
|
|
5 208 |
|
|
5 208 |
|
| 6 164 800 (2016: 6 164 800) at no consideration |
|
– |
|
|
– |
|
|
– |
|
|
– |
|
The following table illustrates the movement within the number of shares issued:
| |
Number of shares |
|
|
Number of shares |
|
| Shares in issue at beginning of year |
526 948 700 |
|
|
520 783 900 |
|
|
526 948 700 |
|
|
520 783 900 |
|
| Issued on 2 June 2015 at no consideration |
– |
|
|
2 185 452 |
|
|
– |
|
|
2 185 452 |
|
| Issued on 30 June 2015 at no consideration |
– |
|
|
3 979 348 |
|
|
– |
|
|
3 979 348 |
|
| Shares in issue at end of year |
526 948 700 |
|
|
526 948 700 |
|
|
526 948 700 |
|
|
526 948 700 |
|
The unissued shares are under the control of the directors until the next annual general meeting. The directors have been given the authority by the shareholders to buy back Telkom's own shares up to a limit of 10% of the current issued share capital.
Capital management
Refer to note 14.6 for detailed capital management disclosure.