Notes to the group financial statements
for the year ended 31 March 2006  
 
 
 
    2006 
Rm 
2005 
Rm 
20. Distributions per share    
20.1 Distributions to shareholders
    Capital distribution for the 2005 financial year of 67 cents per share approved by shareholders on 27 July 2005 and paid on 22 August 2005 316  — 
    Final dividend No 12 for the 2004 financial year of 67 cents per share declared on 7 June 2004 and paid on 10 August 2004 —  237 
      316  237 
    Less: Dividends in respect of the following:    
    Treasury shares (6) (6)
    Policyholder investments accounted for as treasury shares under IFRS (12) (10)
      298  221 
  20.2 Distributions per share    
    Distributions to shareholders (refer note 20.1 above) 298  221 
    Number of shares in issue, net of treasury shares (millions) 445  330 
    Distribution per share (cents) 67  67 
  20.3 Proposed distribution per share    
    The directors have recommended a distribution to shareholders of 59 cents per share by way of a reduction in share premium for the year ended 31 March 2006. The terms and conditions of the capital reduction are subject to specific approval by shareholders at the forthcoming annual general meeting to be held on 8 August 2006.    
 
 
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