Notes to the financial statements
25 Share capital
|
|
2009 |
|
|
2008 |
|
Shares |
£m |
|
Shares |
£m |
| Authorised ordinary shares of 25p each |
3,200,000,000 |
800.0 |
|
3,200,000,000 |
800.0 |
| Allotted, called up and fully paid ordinary shares of 25p each: |
|
|
|
|
|
| At start of year |
1,586,478,423 |
396.6 |
|
1,699,773,100 |
424.9 |
| Shares issued on exercise of share options |
2,217,763 |
0.5 |
|
12,447,224 |
3.1 |
| Shares purchased in buy-back |
(10,901,267) |
(2.7) |
|
(125,741,901) |
(31.4) |
| At end of year |
1,577,794,919 |
394.4 |
|
1,586,478,423 |
396.6 |
Issue of new shares
2,217,763 (last year 12,447,224) ordinary shares having a nominal value of £0.5m (last year £3.1m) were allotted during the year under the terms of the Company’s schemes which are described in note 12. The aggregate consideration received was £5.3m (last year £31.6m).
Share buy-back
10,901,267 (last year 125,741,901) ordinary shares having a nominal value of £2.7m (last year £31.4m) were bought back and subsequently cancelled during the year in accordance with the authority granted by shareholders at the Annual General Meeting in July 2007. The aggregate consideration paid was £40.9m (last year £555.9m).