Notes to the consolidated financial statements

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Ordinary
share capital
£m

Share
premium
£m

Total
£m

At 1 April 2008

114

404

518

Proceeds from issuance of ordinary shares

1

1

At 31 March 2009

115

404

519

Proceeds from issuance of ordinary shares

1

1

At 31 March 2010

115

405

520

Ordinary shares carry the right to participate in dividends and each share entitles the holder to one vote on matters requiring shareholder approval.

Authorised equity share capital

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31 March

 

2010
£m

2009
£m

790,424,000 ordinary shares of 25p each (2009 – 790,424,000)

198

198

Allotted, called up and fully paid equity share capital

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31 March 2010

31 March 2009

 

Shares

£m

Shares

£m

At 1 April

460 012 801

115

459 910 466

114

Allotted under share option schemes

48 287

102 335

1

Scrip dividend shares issued

514 612

At 31 March

460 575 700

115

460 012 801

115

Treasury shares and shares held in ESOP trust

As at 31 March 2010, the Group held 512,490 shares (2009 – 1,328,502 shares) in Treasury.

During the year 816,012 shares (2009 – 1,426,571 shares) were released from Treasury to satisfy share options exercised.

The shares held in Treasury at 31 March 2010 represent 0.1% (2009 – 0.3%) of the Parent company’s share capital at the year end, and have a nominal value of £0.1 million (2009 – £0.3 million).

As at 31 March 2010, the Group held 3,141,100 shares (2009 – 1,840,801 shares) in an ESOP trust at a nominal value of 25p and a market value of 454.2p (2009 – 260.5p).

During the year ended 31 March 2010, shareholders were given the option to receive the interim dividends in the form of a scrip issue. On 8 January 2010, the Group issued 514,612 shares for scrip at a nominal value per share of 25p and a cash equivalent value of £4.25.

Analysis of ordinary shareholders

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31 March 2010

 

Number of holdings

%

Total

%

Up to 500 shares of 25p each

5 219

30.6

1 399 953

0.3

501 – 1 000

4 338

25.4

3 404 394

0.7

1 001 – 1 500

2 253

13.2

2 802 771

0.6

1 501 – 2 000

1 505

8.8

2 722 938

0.6

2 001 – 5 000

2 434

14.2

7 614 523

1.7

5 001 – 10 000

554

3.2

3 901 072

0.9

10 001 – 200 000

575

3.4

28 234 008

6.1

200 001 – 500 000

98

0.6

29 523 797

6.4

Above 500 000

101

0.6

380 972 244

82.7

Total

17 077

100.0

460 575 700

100.0