Note 13
For the Year Ended 31 March 2011
|
|
GROUP & PARENT |
GROUP & PARENT |
|
|
2011 |
2010 |
2011 |
2010 |
| 000’s of Shares |
$000 |
|
|
|
|
|
|
| Authorised and issued ordinary shares at beginning of year |
|
315,516 |
315,236 |
176,751 |
174,754 |
| Own shares repurchased |
|
(837) |
- |
(6,001) |
- |
| Transfer from employee share option reserve |
17 |
- |
- |
- |
290 |
| Issue of shares pursuant to the employee share option scheme |
|
- |
- |
|
|
314,679 |
315,516 |
170,750 |
176,751 |
|
|
|
|
|
|
|
|
|
|
|
|
All shares rank equally with one vote attached to each share, have no par value and are fully paid.
On 15 May 2008, the Company announced a resolution allowing it to buy back up to 5,000,000 of its own shares. As at 31 March 2011 1,073,000 shares had been purchased at a total cost of $7,633,000. All shares repurchased were purchased through the NZX stock exchange at market price (2010: 236,000 shares at a total cost of $1,634,000). As at 31 March 2011 none of these shares had been reissued or cancelled. |