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Note 13

For the Year Ended 31 March 2011

SHARE CAPITAL
GROUP & PARENT GROUP & PARENT
2011 2010 2011 2010
Note 000’s of Shares $000 $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 - 280 - 1,707
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.