Vodafone 2015 Annual Report Download - page 131

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8. Earnings per share
Basic earnings per share is the amount of prot generated for the nancial year attributable to equity shareholders
divided by the weighted average number of shares in issue during the year.
2015 20142013
Millions Millions Millions
Weighted average number of shares for basic earnings per share 26,489 26,472 26,831
Effect of dilutive potential shares: restricted shares and share options 140 210 –
Weighted average number of shares for diluted earnings per share 26,629 26,682 26,831
2015
£m
2014
£m
2013
£m
Earnings for basic and diluted earnings per share 5,761 59,254 413
Basic earnings per share 21.75p 223.84p 1.54p
Diluted earnings per share 21.63p 222.07p 1.54p
On 19 February 2014, we announced a “6 for 11” share consolidation effective 24 February 2014. This had the effect of reducing the number
of shares in issue from 52,821,751,216 ordinary shares (including 4,351,833,492 ordinary shares held in Treasury) as at the close of business
on 18 February 2014 to 28,811,864,298 new ordinary shares in issue immediately after the share consolidation on 24 February 2014.
9. Equity dividends
Dividends are one type of shareholder return, historically paid to our shareholders in February and August.
2015 20142013
£m £m £m
Declared during the nancial year:
Final dividend for the year ended 31 March 2014: 7.47 pence per share
(2013: 6.92 pence per share, 2012: 6.47 pence per share) 1,975
3,365
3,193
Interim dividend for the year ended 31 March 2015: 3.60 pence per share
(2014: 3.53 pence per share, 2013: 3.27 pence per share) 955 1,711 1,608
Special dividend for the year ended 31 March 2015: nil
(2014: 172.94 US cents per share – see below, 2013: nil) –35,490 –
2,930 40,566 4,801
Proposed after the end of the reporting period and not recognised as a liability:
Final dividend for the year ended 31 March 2015: 7.62 pence per share
(2014: 7.47 pence per share, 2013: 6.92 pence per share) 2,020 1,975 3,377
On 2 September 2013 Vodafone announced that it had reached agreement to dispose of its US group whose principal asset was its 45% interest
in Verizon Wireless (‘VZW’) to Verizon Communications Inc. (‘Verizon’), for a total consideration of US$130 billion (£79 billion).
At a General Meeting of the Company on 28 January 2014, shareholders approved the transactions and following completion on 21 February 2014,
Vodafone shareholders received all of the Verizon shares and US$23.9 billion (£14.3 billion) of cash (the ‘Return of Value’) totalling US$85.2 billion
(£51.0 billion).
The Return of Value was carried out in the form of a B share scheme pursuant to a Court-approved scheme of arrangement and associated
reduction of capital (the ‘Scheme’). The Scheme provided shareholders (other than shareholders in the United States and certain other jurisdictions)
with the exibility to receive their proceeds as either an income or capital return. Under the Scheme, Vodafone shareholders were issued unlisted,
non-voting bonus shares, which were shortly thereafter either cancelled in consideration of the relevant amount of Verizon shares and cash
or the holders received the relevant amount of Verizon shares and cash in satisfaction of a special distribution on the bonus shares, depending
on shareholder elections and subject to applicable securities laws.
Overview Strategy review Performance Governance Financials Additional information Vodafone Group Plc
Annual Report 2015
129