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Retrieving Data

Note 13

For The Year Ended 31 March 2012

SHARE CAPITAL

GROUP & PARENT GROUP & PARENT
2012 2011 2012 2011
    000's of Shares $000 $000
Authorised and issued ordinary shares at beginning of year 314,679 315,516 170,750 176,751
Own shares repurchased (683) (837) (4,818) (6,001)
Purchase of treasury shares by Directors 20 - 146 -
  314,016 314,679 166,078 170,750
 

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. Shareholders approved an extension to the share buyback programme in July 2011. As at 31 March 2012, since the start of the buyback programme, 1,756,000 shares had been purchased at a total cost of $12,452,000. All shares repurchased were purchased through the NZX stock exchange at market price (2011: 1,073,000 shares at a total cost of $7,633,000). As at 31 March 2012 20,000 of these shares had been reissued or cancelled (2011: nil).