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S T A T U T O R Y I N F O R M A T I O
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AUTHORISED AND ISSUED CAPITAL |
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The authorised capital of the company remained unchanged. During the year 75 000 ordinary shares were issued at R14,90 per share and 300 000 ordinary shares were issued at R5,45 per share. Options exercised in terms of the Reunert 1985 Share Option Scheme accounted for this increase. |
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DIVIDENDS |
An interim ordinary dividend No 152 of 30 cents per
share was declared on 31 March 2002 and a final ordinary dividend No 153 of 88
cents per share was declared on 18 November 2002.
A total distribution of 118 cents (2001: 91 cents) per ordinary share was declared for the year. |
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SUBSIDIARY COMPANIES |
Your directors are of the opinion that the publication of information on all the company's subsidiaries in this report would entail expense out of proportion to the value to shareholders.
Annexure A to this report, however, sets out the principal subsidiaries of the company. |
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DIRECTORATE |
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Messrs B P Gallagher, D J Rawlinson, M J Shaw and Dr J C van der Horst retire by rotation at the forthcoming annual general meeting and offer themselves for re-election. |
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INTERESTS OF DIRECTORS |
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At the reporting date, fully paid ordinary Reunert Limited shares were held directly and indirectly by the directors as indicated in the table below: |
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Direct
beneficial |
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2002 |
2001 |
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| D E Cooper |
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| B P Connellan |
33 914 |
33 914 |
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P T W Curtis |
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| B P Gallagher |
206 084 |
206 084 |
| S D Jagoe |
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| K J Makwetla |
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| G Oosthuizen |
30 800 |
30 800 |
| G Pretorius |
390 500 |
390 500 |
| D J Rawlinson |
241 700 |
241 700 |
| M J Shaw |
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| J C van der Horst |
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| C L Valkin |
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902 998 |
902 998 |
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Indirect
beneficial |
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2002 |
2001 |
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| D E Cooper |
35 688 |
35 688 |
| B P Connellan |
10 000 |
10 000 |
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P T W Curtis |
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| B P Gallagher |
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| S D Jagoe |
11 000 |
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| K J Makwetla |
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| G Oosthuizen |
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| G Pretorius |
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44 300 |
| D J Rawlinson |
20 137 |
20 137 |
| M J Shaw |
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| J C van der Horst |
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| C L Valkin |
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76 825 |
110 125 |
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These holdings have remained unchanged up to one month prior to the posting of this annual report.
There were no non-beneficial interests in either period.
Executive directors of the company held unexercised options to subscribe for 1 355 000 (2001: 1 355 000) ordinary shares in terms of the Reunert 1985 Share Option Scheme. These options are due to expire as follows:
765 000 on 26 October 2009
250 000 on 1 February 2011
340 000 on 26 September 2011
The directors have no interest in the contracts entered into during the year. For further information on share options by director, see note 29 to the annual financial statements.
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ATTRIBUTABLE INTEREST |
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The attributable interest of the company in the profits and losses of its consolidated subsidiaries for the year ended 30 September 2002 is: |
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2002 |
2001 |
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Rm |
Rm |
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| In the aggregate net income |
234,1 |
128,8 |
| In the aggregate net losses |
(3,5) |
(19,0) |
| 230,6 |
109,8 |
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