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| Note 40 - Called up share capital |
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The
Company
2004
Number |
The
Company
2004
£m |
| Authorised |
|
|
| Ordinary shares of 50p each |
820,000,000 |
410 |
| Unclassified shares of 10p each |
1,000,000 |
– |
| Issued, called up and fully paid Ordinary shares of 50p each |
|
|
| Opening balance |
610,918,253 |
305 |
Allotted on exercise of options under The 3i Executive Share Option Plan and The 3i Group
1994 Executive Share Option Plan at between 167p and 607p per share |
2,013,050 |
2 |
| Allotted on exercise of options under The 3i Group Sharesave Scheme at 467p per share |
231,283 |
– |
| Allotted under The 3i Group Share Incentive Plan at between 448p and 660p per share |
252,660 |
– |
| Allotted to vendors of SFK Finance Oy at 1210p per share |
63,913 |
– |
| Movement for the year |
2,560,906 |
2 |
| 31 March 2004 |
613,479,159 |
307 |
| The market price of shares on the date on which the terms of the issues were fixed, was the price at which those shares were allotted, except in relation to those allotted under The 3i Group Sharesave Scheme where the market price of the shares was 583p. |
| There were options outstanding to subscribe for the shares of the Company under The 3i Executive Share Option Plan, The 3i Group 1994 Executive Share Option Plan, The 3i Group Discretionary Share Plan and The 3i Group Sharesave Scheme as follows: |
| |
Number of
options |
Period of
exercise |
Exercise
price |
| 31 March 2004 |
22,919,966 |
2004 to 2013 |
272p to 1375p |
| 31 March 2003 |
22,280,605 |
2003 to 2012 |
168p to 1375p |
| |
| The interests of the Directors (all of which are beneficial) in the ordinary shares of the Company are shown below: |
| |
31 March
2004 |
31 March
2003 |
31 March
2004
Conditional* |
31 March
2003
Conditional* |
| Baroness Hogg |
12,355 |
12,355 |
– |
– |
| Dr J R Forrest |
1,500 |
1,500 |
– |
– |
| C J M Morin-Postel |
2,000 |
– |
– |
– |
| F D Rosenkranz |
30,000 |
30,000 |
– |
– |
| F G Steingraber |
– |
– |
– |
– |
| O H J Stocken |
12,582 |
12,249 |
– |
– |
| B P Larcombe |
836,390 |
741,845 |
42,223 |
53,571 |
| M M Gagen |
91,055 |
91,055 |
9,049 |
24,050 |
| R W Perry |
63,625 |
22,436 |
16,206 |
22,176 |
| M J Queen |
173,832 |
130,135 |
27,145 |
32,220 |
| *Represents conditional rights to acquire shares pursuant to deferred share bonus awards granted under the Management Equity Investment Plan. |
| The share interests shown above for each of Mr B P Larcombe, Mr R W Perry and Mr M J Queen include performance share awards which are subject to forfeiture and are detailed in the Performance Share Awards table. |
| In addition to the interests shown above, the executive Directors also have beneficial interests in the conditional rights to acquire shares pursuant to the performance linked awards granted under the Management Equity Investment Plan table. Each of the employees of the Group (including each of the executive Directors) is a potential beneficiary of The 3i Group Employee Trust and as such is interested (within the meaning of section 324 of the Companies Act 1985) in the 9,884,767 shares held by the trust at 31 March 2004. (Shares at 31 March 2003: 8,193,026.) This number of shares includes the shares over which Directors are mentioned above as having conditional rights to acquire under the Management Equity Investment Plan. |
| Details of Directors’ share options under the Group’s Executive Share Option Plans are shown in the Remuneration report. |
| Since 31 March 2004, there have been changes in the Directors’ interests in shares. As at 4 May 2004, each of these Directors were beneficially interested in the following number of additional shares: Mr B P Larcombe (60), Mr R W Perry (60) and Mr M J Queen (60). In addition, as at that date, the number of shares held by The 3i Group Employee Trust was 9,879,752. |
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