Virgin Media 2011 Annual Report Download - page 142

VIRGIN MEDIA INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
Note 15—Shareholders’ Equity
Authorized Share Capital
Our authorized share capital for issuance consists of one billion shares of common stock, 300.0 million
shares of Class B redeemable common stock and five million shares of preferred stock with a par value of $0.01
each. As at December 31, 2011 there were 286.7 million shares of common stock outstanding, and no Class B
redeemable common stock or preferred stock outstanding. The common stock is voting with rights to dividends
as declared by the Board of Directors.
The following table summarizes the movement in the number of shares of common stock outstanding during
the years ended December 31, 2011, 2010 and 2009 (in millions):
Number of
shares
December 31, 2008 outstanding shares ................................. 329.0
Net issuances and purchases during the period ....................... 1.8
December 31, 2009 outstanding shares ................................. 330.8
Net issuances and purchases during the period ....................... (8.8)
December 31, 2010 outstanding shares ................................. 322.0
Net issuances and purchases during the period ....................... (35.3)
December 31, 2011 outstanding shares ................................. 286.7
During the years ended December 31, 2011, 2010 and 2009, we paid the following dividends:
Board Declaration Date
Per
Share Record Date Payment Date
Total
Amount
(in millions)
Year ended December 31, 2009:
February 27, 2009 ....................... $0.04 March 12, 2009 March 20, 2009 £9.0
May 29, 2009 ........................... 0.04 June 12, 2009 June 22, 2009 8.0
August 27, 2009 ......................... 0.04 September 11, 2009 September 21, 2009 8.1
November 24, 2009 ...................... 0.04 December 11, 2009 December 21, 2009 8.2
Year ended December 31, 2010:
March 2, 2010 .......................... $0.04 March 12, 2010 March 22, 2010 £8.8
May 27, 2010 ........................... 0.04 June 11, 2010 June 21, 2010 9.0
July 23, 2010 ........................... 0.04 September 13, 2010 September 23, 2010 8.2
November 23, 2010 ...................... 0.04 December 13, 2010 December 23, 2010 8.1
Year ended December 31, 2011:
March 4, 2011 .......................... $0.04 March 14, 2011 March 24, 2011 £8.0
May 16, 2011 ........................... 0.04 June 13, 2011 June 23, 2011 7.8
August 31, 2011 ......................... 0.04 September 12, 2011 September 22, 2011 7.9
November 15, 2011 ...................... 0.04 December 12, 2011 December 22, 2011 7.4
Future payments of regular quarterly dividends by us are at the discretion of our Board of Directors and will
be subject to our future needs and uses of cash, which could include investments in operations, the repayment of
debt, and share repurchase programs. In addition, the terms of our and our subsidiaries’ existing and future
indebtedness and the laws of jurisdictions under which those subsidiaries are organized limit the payment of
dividends, loan repayments and other distributions to us under many circumstances.
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