Holiday Inn 2013 Annual Report Download - page 161

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6. Share capital
Number
of shares
millions £m
Allotted, called up and fully paid
At 1 January 2013 (ordinary shares of 14194 ⁄329p each) 268 39
Issued on exercise of share options 1 –
At 31 December 2013 (ordinary shares of 14194⁄329p each) 269 39
Under the authority granted by shareholders at the General Meeting (GM) held on 8 October 2012, the share repurchase programme
commenced in November 2012. 9,773,912 shares were repurchased in the year to 31 December 2013 for a total consideration of £181m.
The authority given to the Company at the Annual General Meeting (AGM) held on 24 May 2013 to purchase its own shares was still valid at
31December 2013. Aresolution to renew the authority will be put to shareholders at the AGM on 2 May 2014.
The Company no longer has an authorised share capital.
The aggregate consideration in respect of ordinary shares issued under option schemes during the year was £3m (2012 £7m).
Thousands
Options to subscribe for ordinary shares
At 1 January 2013 698
Exercised1(638)
At 31 December 2013 60
Option exercise price per ordinary share (pence) 494.2-619.8
Final exercise date 4 April 2015
1
The weighted average option price was 512.3p for shares exercised under the Executive Share Option Plan.
7. Movements in reserves
Share
premium
account
£m
Capital
redemption
reserve
£m
Share-based
payments
reserve
£m
Profit and
loss account
£m
At 1 January 2013 72 7184 581
Premium on allotment of ordinary shares 3–––
Repurchase of shares –––(181)
Profit after tax –––1,487
Share-based payments capital contribution – – 17 –
Dividends –––(342)
At 31 December 2013 75 7201 1,545
At 31 December 2013, 9,773,912 shares with a nominal value of £1,425,981 were held as treasury shares at cost.
Notes to the Parent Company Financial Statements 159
OVERVIEW STRATEGIC REPORT GOVERNANCE
GROUP
FINANCIAL STATEMENTS
PARENT COMPANY
FINANCIAL STATEMENTS ADDITIONAL INFORMATION