Notes to the accounts
Notes to the accounts list| The Company 2005 Number |
The Company 2005 £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 | 613,479,159 | 307 |
| Allotted on exercise of options under The 3i Executive Share Option Plan and The 3i Group 1994 Executive Share Option Plan at between 272p and 664p per share | 548,881 | – |
| Allotted on exercise of options under The 3i Group Sharesave Scheme at 467p per share | 155,722 | – |
| Allotted under The 3i Group Share Incentive Plan at between 564p and 694p per share | 225,405 | – |
| Movement for the year | 930,008 | – |
| 31 March 2005 | 614,409,167 | 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.
| Number of options | Period of exercise | Exercise price | ||
|---|---|---|---|---|
| 31 March 2005 | 24,943,522 | 2005 to 2014 | 361p to 1375p | |
| 31 March 2004 | 22,919,966 | 2004 to 2013 | 272p to 1375p |
| 31 March 2005 (or date of cessation if earlier) |
31 March 2004 (or date of appointment if later) |
31 March 2005 (or date of cessation if earlier) Conditional* |
31 March 2004 (or date of appointment if later) Conditional* |
|
|---|---|---|---|---|
| Baroness Hogg | 17,355 | 12,355 | – | – |
| Dr J R Forrest (until 7/7/04) | 1,500 | 1,500 | – | – |
| P Mihatsch (appointed 7/9/04) | – | – | – | – |
| C J M Morin-Postel | 2,000 | 2,000 | – | – |
| F D Rosenkranz | 30,000 | 30,000 | – | – |
| R H Smith (appointed 7/9/04) | 4,200 | 4,200 | – | – |
| F G Steingraber | – | – | – | – |
| O H J Stocken | 12,825 | 12,582 | – | – |
| P E Yea (appointed 7/7/04) | 281,611 | 100,500 | – | – |
| B P Larcombe (until 7/7/04) | 836,573 | 836,390 | 42,223 | 42,223 |
| S P Ball (appointed 7/2/05) | – | – | – | – |
| M M Gagen (until 23/8/04) | 91,055 | 91,055 | 9,049 | 9,049 |
| R W Perry | 87,488 | 63,625 | 16,206 | 16,206 |
| M J Queen | 319,191 | 173,832 | 8,144 | 27,145 |
| * Represents conditional rights to acquire shares pursuant to deferred share bonus awards granted under the Management Equity Investment Plan, described in the Directors' remuneration report. | ||||
The share interests shown above for each of Mr B P Larcombe, Mr R W Perry, Mr M J Queen and Mr P E Yea include performance share awards which are subject to forfeiture and are detailed in the Directors' remuneration report.
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, which are detailed in the Directors' remuneration report. 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 shares held by the trust. The trust held 9,888,368 shares at 1 April 2004, 9,530,911 shares as at 7 July 2004, 8,930,140 shares as at 7 September 2004, 12,522,519 shares as at 7 February 2005 and 12,496,297 shares as at 31 March 2005. 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 Directors' remuneration report.
Since 31 March 2005, there have been changes in the Directors' interests in shares. As at 3 May 2005, each of these Directors were beneficially interested in the following number of additional shares: Mr P E Yea (60), Mr R W Perry (60) and Mr M J Queen (57). In addition, as at that date, the number of shares held by The 3i Group Employee Trust was 12,496,297.