| Notes to the financial statements | Note 22 |
|
| Number of shares |
|
|
|
Number of shares |
|
| 2017 |
|
2016 |
|
|
(R’million) |
2017 |
|
2016 |
|
| 53 926 059 |
|
53 926 059 |
|
22 |
Unissued shares |
53 926 059 |
|
53 926 059 |
|
| |
|
|
|
22.1 |
Tiger Brands Limited shares held by
subsidiary |
|
|
|
|
| |
|
|
|
|
10 326 758 (2016: 10 326 758) shares are held as treasury shares. |
|
|
|
|
| |
|
|
|
22.2 |
Tiger Brands Limited shares held by
empowerment entities |
|
|
|
|
| |
|
|
|
|
18 713 115 (2016: 18 994 458)
shares are owned by empowerment
entities. |
|
|
|
|
| |
|
|
|
|
In the current year, Brimstone entered into
a forward sale of 600 000 of the
1 813 613 Tiger Brands shares currently
held trough Brim Tiger SPV Proprietary
Limited (Brim Tiger). Brim Tiger is
consolidated as part of the Tiger Brands
group. In total, 600 000 of the shares
held by Brim Tiger were pledged as
security for the forward sale transaction.
Tiger Brands will be entitled to repurchase
a certain number of the shares held by
Brim Tiger by no later than 21 days from
31 December 2017. The forward sale
will be settled shortly after the exercise by
Tiger Brands of this repurchase option. |
|
|
|
|
| 4 004 073 |
|
4 004 073 |
|
22.3 |
Number of shares under the control of the
directors for purposes of the Tiger Brands
(1985) Share Purchase Scheme and the
Tiger Brands (1985) Share Option
Scheme |
4 004 073 |
|
4 004 073 |
|
| Notes to the financial statements | Note 22 |
|
|