Carphone Warehouse 2014 Annual Report Download - page 89

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Carphone Warehouse Group plc
Annual Report 2014 87
FINANCIAL STATEMENTS
19 LOANS AND OTHER BORROWINGS AND FINANCE LEASE OBLIGATIONS continued
c) ANALYSIS OF CHANGES IN FUNDS (DEBT) continued
At
At 1 April Cash 31 March
2012 flows 2013
£m £m £m
Cash and cash equivalents 103 14 117
Net funds 103 14 117
20 SHARE CAPITAL
2014 2013 2014 2013
million million £m £m
Allotted, called-up and fully paid ordinary shares of 0.1p each 576 473 11
2014 2013 2014 2013
million million £m £m
Ordinary shares in issue at the beginning of the year 473 473 11
Issued for cash 47 ———
Exercise of share options 14 ———
Issue of Consideration Shares 42 ———
Ordinary shares in issue at the end of the year 576 473 11
Holders of ordinary shares are entitled to dividends as declared from time to time and are entitled to one vote per share at general meetings
of the Company. On  April  the Group placed .m ordinary shares at  pence per share, raising net proceeds of £m which were
used to fund part of the consideration for the CPW Europe Acquisition. On  June  the Group issued .m Consideration Shares to Best Buy.
Best Buy agreed to waive rights to dividends payable on these shares for the period in which they were in their ownership. The Consideration
Shares were placed by the Group in July  and from this point held the same rights as other ordinary shares.