Notes to the financial statements | Note 9.1

9. Equity structure
9.1 Share capital
 
  Group Company
Authorised and issued share capital is made up as follows: 31 March 
2025 
Rm 		 31 March 
2024 
Rm 		 31 March 
2025 
Rm 		 31 March 
2024 
Rm 
Authorised        
1 000 000 000 ordinary shares of R10 each 10 000 10 000 10 000 10 000
Issued        
504 975 439 (31 March 2024: 504 975 439) ordinary shares of R10 each (fully paid up) 5 050 5 050 5 050 5 050
6 164 800 (31 March 2024: 6 164 800) shares of no consideration1 — — — —
1 This relates to shares issued in terms of the employee share scheme.
The following table illustrates the movement within the number of shares issued: Number of shares Number of shares
Shares in issue at the beginning of the year 511 140 239 511 140 239 511 140 239 511 140 239
Shares repurchased and cancelled during the year — — — —
Shares in issue at the end of the year 511 140 239 511 140 239 511 140 239 511 140 239

There is only one class of shares, namely ordinary shares. Each share has the same right to receive dividends and the repayment of capital and represents one vote at shareholders' meetings of Telkom. Other than voting rights, there are no other preferences attached to the shares.

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 7.1.8 for the detailed capital management disclosure.