2006 Number |
2006 £m |
2005 Number |
2005 £m |
|
---|---|---|---|---|
Ordinary shares of 50p | - | - | 820,000,000 | 410 |
Ordinary shares of 53⅛p | 771,764,704 | 410 | - | - |
Unclassified shares of 10p | 1,000,000 | - | 1,000,000 | - |
2006 Number |
2006 £m |
2005 Number |
2005 £m |
|
---|---|---|---|---|
Ordinary shares of 50p | ||||
Opening balance | 614,409,167 | 307 | 613,479,159 | 307 |
Issued on exercise of share options and under the 3i Group Share Incentive Plan | 268,792 | - | 930,008 | - |
Share consolidation | (614,677,959) | (307) | - | - |
Closing balance | - | - | 614,409,167 | 307 |
During the period 1 April 2005 to 10 July 2005, the Company issued shares for cash on the exercise of share options at various prices from 361p to 664p per share (the market prices of shares on grant, apart from options under the 3i Group Sharesave Scheme, which were issued at 583p and 975p per share). The Company repurchased 400,452 ordinary shares of 50p each at 683p per share. These shares were cancelled after the Company consolidated its share capital on 11 July 2005.
On 11 July 2005, the Company consolidated its issued share capital on the basis of 16 ordinary shares of 53⅛p each for every 17 ordinary shares of 50p each held. This coincided with the payment of a special dividend of 40.7p per share.
2006 Number |
2006 £m |
2005 Number |
2005 £m |
|
---|---|---|---|---|
Ordinary shares of 53⅛p | ||||
Opening balance | - | - | - | - |
Share consolidation | 578,520,432 | 307 | - | - |
Issued on exercise of share options and under the 3i Group Share Incentive Plan | 2,222,966 | 1 | - | - |
Shares cancelled | (30,186,896) | (16) | - | - |
Closing balance | 550,556,502 | 292 | - | - |
Since 11 July 2005 up to 31 March 2006, the Company issued shares for cash on the exercise of share options at various prices from 467p to 805p per share (the market prices of shares on grant, apart from options under the 3i Group Sharesave Scheme, which were issued at 583p and 975p per share). The Company repurchased 29,810,000 ordinary shares of 53⅛p each at an average price of 734p per share. These shares, and those purchased before the share consolidation, amounting to a total of 30,186,896 ordinary shares of 53⅛p each, were cancelled and a transfer made to the capital redemption reserve equal to the nominal value of the shares repurchased.