12 Share capital and share premium


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Authorised share capital

2008
Number of shares

2008
£m

2007
£m

At 31 December: ordinary shares of 2.5p each

9,200,000,000

230

230

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Issued share capital, fully paid

Number of shares

Share capital
£m

Share premium
£m

1.

During the year, 449,891,914 (2007: 241,207,267) shares were repurchased and cancelled under the share buyback programme representing 7.1% (2007: 3.7%) of opening issued share capital, at a cost of £523m including expenses (2007: £320m).

As at 1 January 2008

6,296,321,160

157

927

Cancellation of shares under the share buyback programme1

(449,891,914)

(11)

Options exercised under share option schemes

 

 

 

– Executive share option scheme

640,846

1

– Savings related share option scheme

14,557,902

1

8

As at 31 December 2008

5,861,627,994

147

936

 

 

 

 

Issued share capital, fully paid

Number of shares

Share capital
£m

Share premium
£m

As at 1 January 2007

6,532,261,961

163

923

Cancellation of shares under the share buyback programme1

(241,207,267)

(6)

Options exercised under share option schemes

 

 

 

– Executive share option scheme

1,961,215

2

– Savings related share option scheme

3,305,251

2

As at 31 December 2007

6,296,321,160

157

927

 

 

 

 

Options over the ordinary share capital of the Company are disclosed in Note 14 of the Group’s consolidated financial statements.

 

 

 

 

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