Integrated Reports Senwesbel Consolidated Financial Statements 2018 - Page 9

STATUTORY DIRECTORS’ REPORT 1. MAIN OBJECTIVE The public company acts as an investment holding company. 2. SHARE CAPITAL 2.1. Issue of shares No shares were issued during the year under review. 2.2.Buy-back of shares The group repurchased 2 717 527 of the company’s shares at an average price of R5,52 per share (R15 million) during the year under review (2017: nil shares). 2.3. Unissued shares The company’s unissued shares are 46 850 559 shares (2017: 44 133 032 shares). 3. DIVIDENDS The board proposed that a final dividend of 19 cents per share (2017 – 15 cents per share) be declared. An interim dividend of 19 cents per share was paid in December 2017 (2017 – 14 cents per share). Refer to note 22.2 for dividends paid and proposed. 4. DIRECTORS 4.1. The directors are Messrs. AJ Kruger (Chairman), NDP Liebenberg, JDM Minnaar, JJ Minnaar, TF van Rooyen and WH van Zyl. 4.1.1. The following directors have a remaining term of office of less than one year: Name AJ Kruger JDM Minnaar Retirement by rotation 2018 2018 4.1.2. The following directors have a remaining term of office of longer than one year: Name NDP Liebenberg TF van Rooyen JJ Minnaar WH van Zyl Retirement by rotation 2019 2019 2020 2020 4.2. Directors’ interests The interests of directors in the shares of the company as at 30 April 2018 are indicated below: NUMBER OF SHARES 2018 NUMBER OF SHARES 2017 9 920 117 9 729 001 Indirect 13 177 015 18 145 033 Total 23 097 132 27 874 034 Non-executive directors: Direct 5. STATUTORY APPOINTMENTS AND REGISTERED ADDRESS 5.1. Company Secretary AE Scholtz 5.2. Public Officer CF Kruger, CA (SA) 5.3. Registered address 1 Charel de Klerk Street, Klerksdorp, 2571 Senwesbel Limited Reg no: 1996/017629/06 SENWESBEL ANNUAL FINANCIAL STATEMENTS 2018 8