Investor Relations
Note 13: Treasury shares
for the six months ended September 30, 2009
31 March |
30 September |
|
|---|---|---|
Rm |
Rm |
|
| Treasury shares | (1,171) | (770) |
| The reserve represents amounts paid by Telkom to subsidiaries, Rossal No 65 (Proprietary) Limited and Acajou Investments (Proprietary) Limited, for the acquisition of Telkom's shares to be utilised in terms of the Telkom Conditional Share Plan ('TCSP'). | ||
| At 30 September 2010, 2,002,331 (31 March 2010: 7,143,700) and 8,143,556 (31 March 2010: 8,143,556) ordinary shares in Telkom, with a fair value of R77 million (31 March 2010: R244 million) and R313 million (31 March 2010: R278 million) are held as treasury shares by its subsidiaries Rossal No 65 (Proprietary) Limited and Acajou Investments (Proprietary) Limited, respectively. | ||
| The reduction in the number of treasury shares is due to 5,141,369 (31 March 2010: 4,457,699) shares that vested in terms of the TCSP during the six months ended 30 September 2010. |