Ccounting 9
NSC
DBE/November 201
On 1 November 2013, the company issued a further 80 000 shares at R9,50
per share.
On 28 February 2014, the directors decided to repurchase 75 000 ordinary
shares from the estate of a shareholder who had died. This shareholder had
originally purchased his shares on the JSE at various times and at different
prices. A repurchase price of R10,40 was accepted as being a fair price.
On 27 February 2014, a final dividend of 40 cents per share was declared.
All shares, including the new shares issued and repurchased, qualify for final
dividends.
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