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