INTEGRATED ANNUAL
REPORT 2020

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Notes to the consolidated financial statements

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30.

ORDINARY SHARE CAPITAL AND PREMIUM

Number of
ordinary
shares
(’000)		 Net
number of
shares
(’000)		 Ordinary
share
capital
Rm		 Total
Rm
At 1 April 2018 1 416 1 416 1 923 1 923
Issue of shares 1 059 480 1 059 480 2 719 2 719
At 31 March 2019 1 060 896 1 060 896 4 642 4 642
At 31 March 2020 1 060 896 1 060 896 4 642 4 642

The total authorised number of ordinary shares is 2 000 000 000 (2019: 2 000 000 000) with no par value. All issued shares, other than those related to the IFRS 2 Share-based Payments – Equity Settled (refer note 37.2) are fully paid.

The company’s authorised but unissued ordinary share capital was placed under the control of the directors until the forthcoming AGM. Directors are accordingly able to issue TGO shares subject only to the limitations contained in the Companies Act, the MOI and the Listings Requirements.

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