Financial statements
Notes to the financial statements
26 Issued capital
| Authorised | 2007 Number |
2007 £m |
2006 Number |
2006 £m |
|---|---|---|---|---|
| Ordinary shares of 531⁄8p | – | – | 771,764,704 | 410 |
| Ordinary shares of 6269⁄88p | 653,031,456 | 410 | – | – |
| B shares of 1p | 610,000,000 | 6 | – | – |
| Unclassified shares of 10p | 1,000,000 | – | 1,000,000 | – |
| Issued and fully paid | 2007 Number |
2007 £m |
2006 Number |
2006 £m |
| Ordinary shares of 531⁄8p | ||||
| Opening balance | 550,556,502 | 292 | – | – |
| Issued on exercise of share options and under the 3i Group Share Incentive Plan |
603,757 | – | 2,222,966 | 1 |
| Share consolidation | (551,160,259) | (292) | 578,520,432 | 307 |
| Shares cancelled | – | – | (30,186,896) | (16) |
| Closing balance | – | – | 550,556,502 | 292 |
During the period 1 April 2006 to 14 July 2006, the Company issued shares for cash on the exercise of share options at various prices from 450p to 728p per share (the market prices of shares on grant, apart from options under the 3i Group Sharesave Scheme that were issued at 467p per share).
On 17 July 2006, the Company consolidated its issued share capital on the basis of 11 new ordinary shares of 6269/88p each for every 13 existing ordinary shares of 531⁄8p each held on 14 July 2006. This occurred immediately following the issue of the B shares.
| Issued and fully paid | 2007 Number |
2007 £m |
2006 Number |
2006 £m |
|---|---|---|---|---|
| Ordinary shares of 6269⁄88p | ||||
| Opening balance | – | – | – | – |
| Issued on exercise of share options and under the 3i Group Share Incentive Plan |
2,169,634 | 2 | – | – |
| Share consolidation | 466,366,373 | 292 | – | – |
| Shares cancelled | (7,430,000) | (5) | – | – |
| Closing balance | 461,106,007 | 289 | – | – |
During the period 17 July 2006 to 31 March 2007, the Company issued shares for cash on the exercise of share options at various prices from 469p to 1011p per share (the market prices of shares on grant, apart from options under the 3i Group Sharesave Scheme, which were issued at 467p or 780p per share).