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Shareholder analysis (Source: JP Morgan)
1. Analysis of registered shareholders and Company schemes
Registered shareholder spread
In accordance with the JSE Listings Requirements, the following table confirms that the spread of registered shareholders as detailed in the annual report and accounts at 24 December 2008 was:
| |
|
Number |
|
% of total |
|
Number |
|
% of |
|
| |
Shareholder spread |
of holders |
|
shareholders |
|
of shares |
|
issued capital |
|
| |
|
|
|
|
|
|
|
|
|
| |
1—1 000 shares |
2 596 |
|
58,32 |
|
1 021 711 |
|
0,86 |
|
| |
1 001—10 000 shares |
1 264 |
|
28,40 |
|
4 320 385 |
|
3,64 |
|
| |
10 001—100 000 shares |
423 |
|
9,50 |
|
13 993 094 |
|
11,77 |
|
| |
100 001—1 000 000 shares |
149 |
|
3,35 |
|
41 130 143 |
|
34,61 |
|
| |
1 000 001 shares and above |
19 |
|
0,43 |
|
58 381 653 |
|
49,12 |
|
| |
Total |
4 451 |
|
100,00 |
|
118 846 986 |
|
100,00 |
|
Public and non-public shareholdings
Within the shareholder base, we are able to confirm the split between public shareholdings and directors/Company-related schemes as being:
| |
|
Number |
|
% of total |
|
Number |
|
% of |
|
| |
Shareholder type |
of holders |
|
shareholders |
|
of shares |
|
issued capital |
|
| |
|
|
|
|
|
|
|
|
|
| |
Non-public shareholders |
5 |
|
0,13 |
|
11 937 122 |
|
10,04 |
|
| |
– Treasury shares |
1 |
|
0,04 |
|
11 884 699 |
|
10,00 |
|
| |
– Directors |
4 |
|
0,09 |
|
52 423 |
|
0,04 |
|
| |
Public shareholders |
4 446 |
|
99,87 |
|
106 909 864 |
|
89,96 |
|
| |
Total |
4 451 |
|
100,00 |
|
118 846 986 |
|
100,00 |
|
2. Substantial investment management and beneficial interests above 3 per cent
Through regular analysis of STRATE registered holdings, and pursuant to the provisions of Section 140a of the Companies Act, the following shareholders held directly and indirectly equal to or in excess of 3 per cent of the issued share capital at 24 December 2008:
| |
|
Total |
|
|
|
| |
Investment manager |
shareholding |
|
% |
|
| |
|
|
|
|
|
| |
RMB Asset Management |
18 008 973 |
|
15,15 |
|
| |
Coronation Fund Managers |
14 716 940 |
|
12,38 |
|
| |
Public Investment Corporation (PIC) |
11 486 520 |
|
9,66 |
|
| |
Allan Gray Investment Council |
9 640 620 |
|
8,11 |
|
| |
Frater Asset Management |
7 239 240 |
|
6,09 |
|
| |
Old Mutual Investment Group SA |
6 162 449 |
|
5,19 |
|
| |
Polaris Capital (Pty) Limited |
4 499 060 |
|
3,79 |
|
| |
Total |
71 753 802 |
|
60,37 |
|
 |
| Investment management shareholding positions above 3 per cent with 12-month change |
| |
|
Total |
|
|
|
| |
Beneficial shareholdings |
shareholding |
|
% |
|
| |
|
|
|
|
|
| |
PIC |
16 367 320 |
|
13,77 |
|
| |
Old Mutual Life Assurance Company Limited |
4 848 119 |
|
4,08 |
|
| |
Coronation Special Opportunities Portfolio |
4 784 800 |
|
4,03 |
|
| |
Total |
26 000 239 |
|
21,88 |
|
 |
| Beneficial shareholding positions above 3 per cent with 12-month change |
| |
|
Total |
|
|
|
|
|
| |
Investment manager |
shareholding |
|
% |
|
Previous % |
|
| |
|
|
|
|
|
|
|
| |
Investment managers now holding below 3 per cent |
|
|
|
|
|
|
| |
PREVIOUSLY DISCLOSED HOLDINGS |
|
|
|
|
|
|
| |
Sanlam Investment Management |
2 627 457 |
|
2,21 |
|
5,17 |
|
| |
STANLIB Asset Management |
2 484 223 |
|
2,09 |
|
4,32 |
|
| |
Investec Asset Management |
1 494 436 |
|
1,26 |
|
7,80 |
|
| |
Total |
6 606 116 |
|
5,56 |
|
17,29 |
|
| |
|
|
|
|
|
|
|
| |
Beneficial owners now holding below 3 per cent |
|
|
|
|
|
|
| |
BENEFICIAL OWNER |
|
|
|
|
|
|
| |
Momentum Life Assurance |
2 755 475 |
|
2,32 |
|
3,64 |
|
| |
Total |
2 755 475 |
|
2,32 |
|
3,64 |
|
3. Geographic split of shareholders
| |
|
Total |
|
|
|
| |
Region |
shareholding |
|
Previous % |
|
| |
|
|
|
|
|
| |
GEOGRAPHIC SPLIT OF INVESTMENT MANAGERS AND COMPANY-RELATED HOLDINGS |
|
|
|
|
| |
South Africa |
110 319 376 |
|
92,82 |
|
| |
United States of America |
2 759 493 |
|
2,32 |
|
| |
United Kingdom |
1 160 051 |
|
0,98 |
|
| |
Rest of Europe |
876 931 |
|
0,74 |
|
| |
Rest of the world 1 |
3 731 135 |
|
3,14 |
|
| |
Total |
118 846 996 |
|
100,00 |
|
| |
|
|
|
|
|
| |
GEOGRAPHIC SPLIT OF BENEFICIAL SHAREHOLDERS |
|
|
|
|
| |
South Africa |
111 490 497 |
|
93,81 |
|
| |
United States of America |
2 729 741 |
|
2,30 |
|
| |
United Kingdom |
1 046 797 |
|
0,88 |
|
| |
Rest of Europe |
1 406 683 |
|
1,18 |
|
| |
Rest of the world 1 |
2 173 268 |
|
1,83 |
|
| |
Total |
118 846 986 |
|
100,00 |
|
| 1 |
|
Represents all shareholdings except those in the above regions. |
4. Shareholder categories
An analysis of beneficial shareholdings, supported by the Section 140a enquiry process, confirmed the following beneficial shareholder types:
| |
|
Total |
|
% of |
|
| |
Category |
shareholding |
|
issued capital |
|
| |
|
|
|
|
|
| |
Pension funds |
43 575 583 |
|
36,67 |
|
| |
Unit trusts/mutual funds |
31 306 570 |
|
26,34 |
|
| |
Other managed funds |
12 347 450 |
|
10,39 |
|
| |
Corporate holding |
11 884 699 |
|
10,00 |
|
| |
Insurance companies |
10 723 488 |
|
9,02 |
|
| |
Private investors |
4 420 065 |
|
3,72 |
|
| |
Foreign government |
1 027 352 |
|
0,86 |
|
| |
Custodians |
226 921 |
|
0,19 |
|
| |
University |
121 556 |
|
0,10 |
|
| |
Investment trust |
55 000 |
|
0,05 |
|
| |
Remainder |
3 158 302 |
|
2,66 |
|
| |
Total |
118 846 986 |
|
100,00 |
|
 |
| Beneficial shareholders split by category – includes categories above 2 per cent only (%) |
5. Analysis of investment styles
Analysis into institutional attributes broadly indicates the following split of investment approach within the shareholder base:
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| Analysis of investment styles – includes categories above 1 per cent only (%) |
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