 |
Notes to the Financial Statements
21 Share Capital
| |
Ordinary Shares
of 25p each
|
|
| Authorised 1 April 2002 and 31 March 2003 |
799,200,000
|
|
| |
£m
|
|
|
| Issued, called up and fully paid 1 April 2002 |
129.6
|
518,479,465
|
| Issues |
0.1
|
392,644
|
| Purchase and cancellation of own shares |
(7.6)
|
(30,320,954)
|
|
| Issued, called up and fully paid 31 March 2003 |
122.1
|
488,551,155
|
|
Further details of share issues are included in the Directors' Report. £200,000
6% Cumulative redeemable convertible preference shares of £1 each
are also authorised. At 31 March 2003 1,544,785 ordinary shares were outstanding
under the Share Option and Sharesave Schemes as detailed below.
Purchase of Own Shares
During the year the company purchased 30,320,954 shares,with a nominal value
of £7,580,238. The aggregate consideration for these purchases was
£130,112,824.26. These shares, representing 5.8% of the total share
capital at the start of the year have subsequently been cancelled, except
for 900,000 which were cancelled shortly after the year end.
1984 Share Option Scheme
| |
|
Shares
|
Exercise dates
|
| Date of grant |
Price
|
outstanding
|
From
|
To
|
|
| 06.07.94 |
3.80
|
48,194*
|
06.07.97
|
05.07.04
|
| 06.07.94 |
3.22
|
48,194
|
06.07.99
|
05.07.04
|
| 06.07.94 |
3.80
|
77,654
|
06.07.97
|
05.07.04
|
| 23.01.96 |
3.94
|
570,442
|
23.01.99
|
22.01.06
|
| 23.01.96 |
3.94
|
421,229
|
23.01.01
|
22.01.06
|
|
| |
|
1,117,519
|
|
|
|
*This option is linked to a corresponding grant of
options. Accordingly the exercise of this linked option over a number of
shares automatically causes its counterpart to lapse in respect of the same
number of shares; therefore this option does not increase the total number
of shares under option. The total in the table reflects the number of shares
under option.
Sharesave Scheme
| |
|
Shares
|
Exercise dates
|
| Scheme start date |
Price
|
outstanding
|
From
|
To
|
|
| 01.03.98 |
5.44
|
2,853
|
01.03.03
|
31.08.03
|
| 01.09.98 |
4.81
|
1,434
|
01.09.03
|
28.02.04
|
| 01.03.99 |
3.55
|
99,905
|
01.03.04
|
31.08.04
|
| 01.10.99 |
4.38
|
3,389
|
01.10.04
|
31.03.05
|
| 01.02.00 |
3.47
|
837
|
01.02.03
|
31.07.03
|
| 01.02.00 |
3.47
|
85,584
|
01.02.05
|
31.07.05
|
| 01.02.01 |
3.59
|
59,640
|
01.02.04
|
31.07.04
|
| 01.02.01 |
3.59
|
20,586
|
01.02.06
|
31.07.06
|
| 01.09.01 |
3.99
|
21,887
|
01.09.04
|
28.02.05
|
| 01.09.01 |
3.99
|
9,807
|
01.09.06
|
28.02.07
|
| 01.03.02 |
3.77
|
32,383
|
01.03.05
|
31.08.05
|
| 01.03.02 |
3.77
|
13,513
|
01.03.07
|
31.08.07
|
| 01.09.02 |
4.43
|
12,039
|
01.09.05
|
28.02.06
|
| 01.09.02 |
4.43
|
3,211
|
01.09.07
|
28.02.08
|
| 01.03.03 |
3.59
|
34,305
|
01.03.06
|
31.08.06
|
| 01.03.03 |
3.59
|
25,893
|
01.03.08
|
31.08.08
|
|
| |
|
427,266
|
|
|
|
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