Barclays 2005 Annual Report Download - page 198

39 Ordinary shares and share premium
Number of Ordinary Share
shares share premium Total
m£m£m£m
At 1st January 2004 6,563 1,642 5,417 7,059
Issued to staff under the SAYE Share Option Scheme 24 6 82 88
Issued under the Incentive Share Option Plan 5 1 18 19
Issued under the Woolwich ESOP Scheme 2 – 7 7
Repurchase of shares (140) (35) – (35)
At 31st December 2004 6,454 1,614 5,524 7,138
Issued to staff under the SAYE Share Option Scheme 26 6 79 85
Issued under the Incentive Share Option Plan 8 2 39 41
Issued under the Executive Share Option Scheme 2189
At 31st December 2005 6,490 1,623 5,650 7,273
The authorised share capital of Barclays PLC is £2,500m, (2004: £2,500m), comprising 9,996 million (2004: 9,996 million) ordinary shares of 25p
each and 1 million (2004: 1 million) staff shares of £1 each. All issued shares are fully paid.
2005 2004
Called up share capital, allotted and fully paid £m £m
Ordinary shares:
At beginning of year 1,613 1,641
Issued to staff under the SAYE Share Option Scheme 66
Issued under Incentive Share Option Plan 21
Issued under Woolwich Executive Share Option Plan 1–
Repurchase of shares –(35)
At end of year 1,622 1,613
Staff shares 11
Total 1,623 1,614
Share repurchase
No share repurchases were made during the year (2004: £140m).
At the 2005 AGM on 28th April, Barclays PLC was authorised to repurchase 968,600,800 of its ordinary shares of 25p. The authorisation is effective
until the AGM in 2006.
Shares under option
The Group has six current schemes that give employees rights to subscribe for shares in Group companies. A summary of the key terms of each
scheme are included in Note 53.
At 31st December 2005, 85.7 million (2004: 97.3 million) options were outstanding under the terms of the SAYE Share Option Scheme, nil
(2004: 0.2 million) options were outstanding under the terms of the Woolwich SAYE Scheme, 2.6 million (2004: 4.5 million) options were
outstanding under the terms of the Executive Share Option Scheme, 1.3 million (2004: 2.3 million) options were outstanding under the terms of
the Woolwich ESOP and 105 million (2004: 137.9 million) options were outstanding under the terms of the Incentive Share Option Plan, enabling
certain Directors and members of staff to subscribe for ordinary shares between 2006 and 2015 at prices ranging from 176p to 562p.
In addition to the above, the independent trustee of the Barclays Group (ESAS) Employees’ Benefit Trust (ESAS Trust), established by Barclays Bank
PLC in 1996, operates the Executive Share Award Scheme (ESAS). ESAS is a deferred share bonus plan for employees of the Group. The key terms of
ESAS are described in Note 53. The independent trustees of the ESAS Trust make awards of Barclays shares and grant options over Barclays shares
to beneficiaries of the ESAS Trust. Beneficiaries of the ESAS Trust include employees and former employees of the Barclays Group.
The independent trustee of the Barclays Group (PSP & ESOS) Employees’ Benefit Trust (PSP Trust), established by Barclays Bank PLC in 1996,
operates the Performance Share Plan (PSP) and may satisfy awards under the Executive Share Option Scheme (ESOS). No awards have been made
under this trust since 1999. All awards are in the form of options over Barclays shares.
The total number of Barclays shares held in Group employee benefit trusts at 31st December 2005 was 148 million (2004: 115 million). Dividend
rights have been waived on nil (2004: 1.6 million) of these shares. The total market value of the shares held in trust based on the year-end share
price of £6.11 (2004: £5.86) was £904m (2004: £674m). As at 31st December 2005, options over 9.5 million (2004: 10.1 million) of the total shares
held in the trusts were exercisable.
Notes to the accounts
For the year ended 31st December 2005
Barclays PLC
Annual Report 2005
196