BT 1999 Annual Report Download - page 83

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NOTES TO THE FINANCIAL STATEMENTS
82
25. Called up share capital
The authorised share capital of the company throughout the year ended 31 March 1999 was £2,625,000,001. At 31 March 1999 it
was divided into 10,500,000,004 ordinary shares of 25p each (1998 – 10,500,000,000 ordinary shares and one special rights
redeemable preference share of £1). The special rights redeemable preference share was reclassified as four ordinary shares on
15 July 1998.
The allotted, called up and fully paid share capital of the company was £1,617m at 31 March 1999 (1998 – £1,603m), representing
6,469,435,043 ordinary shares (1998 – 6,411,214,670 ordinary shares).
Of the authorised but unissued share capital at 31 March 1999, 243 million ordinary shares were reserved to meet options
granted under the employee share option schemes described in note 31.
Ordinary shares allotted during the year were as follows:
Nominal value Consideration(a)
Number £ £
)))))))))!!!0011!!!0011!!!0011
Savings related schemes 45,740,934 11,435,233 145,915,084
Other share option schemes 3,698,425 924,606 13,017,217
Stock purchase plan 411,918 102,980 2,301,074
Scrip dividend 8,369,096 2,092,274 –
000000000!!!0011!!!0011!!!0011
Totals for the year ended 31 March 1999 58,220,373 14,555,093 161,233,375
000000000!!!0011!!!0011!!!0011
(a) Consideration excludes contributions from group undertakings as described in note 26(d).
During the year ended 31 March 1999 a number of shareholders elected to take all or part of their dividends in shares at a value
of £74m. The nominal value of the shares issued has been funded out of the capital redemption reserve and the amount of the
dividend has been added back to the profit and loss reserve.