Statutory information

for the year ended 30 September 2005

AUTHORISED AND ISSUED CAPITAL

The authorised capital of the company remained unchanged. During the year 1 261 900 ordinary shares were issued at R5,45 per share, 861 600 at R14,10 per share, 420 700 at R15,80 per share, 30 000 at R15,99 per share and 33 300 at R17,70 per share. Options exercised in terms of the Reunert 1985 Share Option Scheme accounted for this increase.

REVIEW OF OPERATIONS

The performance of the divisions and the group’s results are

reviewed on pages 2 to 4.

DIVIDENDS

An interim ordinary dividend No 158 of 52 cents per share was declared on 9 May 2005 and a final ordinary dividend No 159 of 170 cents per share was declared on 14 November 2005.

A total distribution of 222 cents (2004: 160 cents) per ordinary

share was declared relating to the 2005 financial year.

An interim 5,5% cumulative preference dividend No 40 was declared on 12 July 2005 and a final dividend No 41 was declared on 14 November 2005.

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.

SPECIAL RESOLUTIONS OF SUBSIDIARIES

During this financial year the following special resolutions were passed by subsidiaries of Reunert Limited: Reutech Defence Logistics (Pty) Limited changed its name to RDL Technologies (Pty) Limited and Sunset Bay Trading (Pty) Limited changed its name to Kopano Copier Company (Pty) Limited. African Cables Limited sold the majority of its assets to ATC (Pty) Limited.

Full details of these resolutions may be viewed at the company’s

registered office.

DIRECTORATE

Mr DE Cooper resigned as a director of the company and as its

chairman on 31 May 2005, and Mr MJ Shaw was appointed

chairman on the same day. Mr KS Fuller was appointed as an independent non-executive director of the company on 1 June 2005 and is required to retire at the forthcoming annual general meeting in terms of the company’s articles of association. He has made himself available for re-election.

Messrs BP Gallagher, DJ Rawlinson and Dr JC van der Horst retire by rotation at the forthcoming annual general meeting and all offer themselves for re-election.

The names of the directors in office at 30 September 2005 are set

out on pages 6 and 7.

The name of the company secretaries is set out on page 84.

INTERESTS OF DIRECTORS

At the reporting date, fully paid ordinary Reunert Limited shares were held directly and indirectly by the directors as indicated in the table below:

  Direct beneficial
  2005   2004


 
       
DE Cooper    
       
BP Connellan 30 523   30 523
       
KS Fuller    
       
BP Gallagher 273 209   343 594
       
SD Jagoe  
       
KJ Makwetla  
       
KC Morolo  
       
GJ Oosthuizen 196 720   134 820
       
G Pretorius 228 720   440 420
       
DJ Rawlinson 355 720   302 320
       
MJ Shaw  
       
JC van der Horst  


 
       
  1 084 892   1 251 677

 

  Indirect beneficial  
  2005   2004  


 
 
         
DE Cooper     32 117  
         
BP Connellan 9 000   9 000  
         
KS Fuller      
         
BP Gallagher    
         
SD Jagoe 18 000   18 000  
         
KJ Makwetla    
         
KC Morolo    
         
GJ Oosthuizen    
         
G Pretorius    
         
DJ Rawlinson 18 123   18 123  
         
MJ Shaw    
         
JC van der Horst    


 
 
         
  45 123   77 240  

The directors have no financial interest in the contracts entered into by the group during the year. For further information on directors’ share options, refer to note 26 to the annual financial statements.

SUBSEQUENT EVENTS

There were no events subsequent to the balance sheet date that

require disclosure.

ATTRIBUTABLE INTEREST

The attributable interest of the company in the profits and losses of its consolidated subsidiaries for the year ended 30 September 2005 is:

  2005   2004  
  Rm   Rm  


 
 
         
In the aggregate net income 411,4   283,4  
         
In the aggregate net losses (38,0)   (19,7)  


 
 
         
  373,4   263,7  

These holdings have remained unchanged up to 14 November 2005.

There were no non-beneficial interests in either period.

Executive directors of the company held unexercised options to subscribe for 1 027 200 (2004: 1 179 000) ordinary shares in terms of the Reunert 1985 Share Option Scheme. These options are due to expire as follows:

  • 83 800 on 1 February 2011
  • 163 400 on 26 September 2011
  • 500 000 on 13 May 2013
  • 280 000 on 29 August 2015