3i group plc Report and accounts 2004
 
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Note 26 - Own shares
 
  2004 
£m 
Opening cost 44 
Additions 20 
Disposals (9) 
31 March 2004 55 
Investment in own shares consists of shares in 3i Group plc held by The 3i Group Employee Trust to meet its obligations under the Group’s share schemes. The market value of these shares at 31 March 2004 was £62 million (2003: £34 million). The Trustee has waived its right to receive dividends on the shares held by the Trust. The purchase of the shares is funded by an interest free loan from 3i Group plc.
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