Exxaro report selector 2019

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Exxaro Resources Limited
Group and company annual financial statements for the year ended 31 December 2019

Currently viewing: CHAPTER 12 / 12.2 Equity

12.2 Equity

12.2.1 ACCOUNTING POLICY RELATING TO SHARE CAPITAL

Where any company within the Exxaro group of companies purchase Exxaro shares (treasury shares), the consideration paid, including any directly attributable incremental costs (net of income taxes) is deducted from equity attributable to the group’s equity holders until the shares are cancelled or reissued. Where such ordinary shares are subsequently reissued, any consideration received, net of any directly attributable incremental costs and the related income tax effects, is included in equity attributable to the group’s equity holders.

The shares are listed on the JSE, with one vote per share, and shareholders are entitled to dividends declared from time to time.

12.2.2 SHARE CAPITAL

   Group     Company    
At 31 December  2019 
Rm
 
   2018 
Rm
 
   2019 
Rm
 
   2018 
Rm
 
  
Authorised                         
500 000 000 (2018: 500 000 000) ordinary shares of R0.01 each1             
Issued and fully paid                         
358 706 754 (2018: 358 706 754) ordinary shares of R0.01 each1             
Share premium  11 261     11 261     11 261     11 261    
Treasury shares held by Eyesizwe2  (10 242)    (10 242)               
Treasury shares held by Kumba Resources Management                         
Share Trust2  (2)    (2)               
Total  1 021     1 021     11 265     11 265    
1 The authorised unissued ordinary shares have remained unchanged at 141 293 246 shares.
2 These entities have been consolidated.

 

  Group  
  Number of shares  
Treasury shares in issue 2019   2018  
Held by Kumba Resources Management Share Trust 158 218   158 218  
Held by Eyesizwe 107 612 026   107 612 026  
Treasury shares in issue at end of the year 107 770 244   107 770 244  

Exxaro’s issued ordinary shares, net of treasury shares were 250 936 510 on 31 December 2019 (2018: 250 936 510). Refer to the notice of the AGM in the summarised group annual financial statements for the year ended 31 December 2019 and notice of the AGM for resolutions pertaining to the unissued ordinary shares under the control of the directors until the forthcoming AGM.

Exxaro has no unlisted securities.

12.2.3 SHARE REPURCHASES

Exxaro had no share repurchase transactions during 2019 or 2018.