DOWNLOAD THIS SECTION DOWNLOAD FULL REPORT

21. Issued capital

2020

2019

Total
$m

Number of shares

Total
$m

Number of shares

Balance at beginning of reporting period

6,223

655,825,043

6,223

655,825,043

On-market share buy-back1

(620)

(32,686,947)

-

-

Balance at reporting date

5,603

623,138,096

6,223

655,825,043

  1. 1 During the period, AGL completed the buy-back of 32,686,947 shares. This is part of AGL's on-market share buy-back program for up to 5% of its issued share capital, or 32,791,252 shares from 23 August 2019 to 22 August 2020. As at 30 June 2020, the total consideration paid for shares bought back on market was $620 million at an average price of $18.98 per share.

Ordinary shares entitle the holder to participate in dividends and the proceeds on winding-up of the Parent Entity in proportion to the number of shares held. Every ordinary Shareholder present at a general meeting of the Parent Entity, in person or by proxy is entitled to one vote per share.

ACCOUNTING POLICY

Issued capital

Ordinary shares are classified as equity. Ordinary shares issued by AGL are recorded at the proceeds received, less transaction costs directly attributable to the issue of new shares, net of any tax effects.

PREVIOUS PAGE20. Other liabilities

NEXT PAGE22. Earnings per share