Notes 6-10
- 6. Share capital
- 7. Share-based payments
- 8. Reserves and reconciliation of movements in equity shareholders’ funds
- 9. Equity dividends
- 10. Contingent liabilities
6. Share capital
| 2009 | 2008 | ||||
|---|---|---|---|---|---|
| Number | £m | Number | £m | ||
| Authorised: | |||||
| Ordinary shares of 113/7 US cents each | 68,250,000,000 | 4,875 | 68,250,000,000 | 4,875 | |
| B shares of 15 pence each | 38,563,935,574 | 5,784 | 38,563,935,574 | 5,784 | |
| Deferred shares of 15 pence each | 28,036,064,426 | 4,206 | 28,036,064,426 | 4,206 | |
| Ordinary shares allotted, issued and fully paid(1): | |||||
| 1 April | 58,255,055,725 | 4,182 | 58,085,695,298 | 4,172 | |
| Allotted during the year | 51,227,991 | 3 | 169,360,427 | 10 | |
| Cancelled during the year | (500,000,000) | (32) | – | – | |
| 31 March | 57,806,283,716 | 4,153 | 58,255,055,725 | 4,182 | |
| B shares allotted, issued and fully paid(2): | |||||
| 1 April | 87,429,138 | 13 | 132,001,365 | 20 | |
| Redeemed during the year | (87,429,138) | (13) | (44,572,227) | (7) | |
| 31 March | – | – | 87,429,138 | 13 | |
Notes:
- (1)
- At 31 March 2009, the Company held 5,322,411,101 (2008: 5,127,457,690) treasury shares with a nominal value of £382 million (2008: £368 million) and 50,000 (2008: 50,000) 7% cumulative fixed rate shares of £1 each were authorised, allotted, issued and fully paid by the Company.
- (2)
- On 31 July 2006, Vodafone Group Plc undertook a return of capital to shareholders via a B share scheme and associated share consolidation. A total of 66,271,035,240 B shares were issued on that day, and 66,271,035,240 existing ordinary shares of 10 US cents each were consolidated into 57,987,155,835 new ordinary shares of 113/7 cents each. B shareholders were given the alternatives of initial redemption or future redemption at 15 pence per share or
the payment of an initial dividend of 15 pence per share. The initial redemption took place on 4 August 2006 with future redemption
dates on 5 February and 5 August each year until 5 August 2008 when the Company redeemed all B shares still in issue at their
nominal value of 15 pence. B shareholders that chose future redemption were entitled to receive a continuing non-cumulative
dividend of 75 per cent of sterling LIBOR payable semi-annually in arrear until they were redeemed.
By 31 March 2009, total capital of £9,026 million had been returned to shareholders, £5,735 million by way of capital redemption and £3,291 million by way of initial dividend (note 8). During the period, a transfer of £15 million (2008: £7 million) in respect of the B shares has been made from the profit and loss account reserve (note 8) to the capital redemption reserve (note 8).
Allotted during the year
Number |
Nominal value £m |
Net proceeds £m |
|
|---|---|---|---|
| UK share awards and option scheme awards | 49,130,811 | 3 | 72 |
| US share awards and option scheme awards | 2,097,180 | – | 5 |
| Total for share awards and option scheme awards | 51,227,991 | 3 | 77 |