Ryanair 2016 Annual Report Download - page 183
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183
15. Issued share capital, share premium account and share options
(a) Share capital
At March 31,
2016
2015
2014
€M
€M
€M
Authorised:
1,680,000,000 ordinary equity shares of 0.635 euro cent each
10.7
10.7
Share Capital reorganisation
1,550,000,000 ordinary equity shares of 0.6 euro cent each
9.3
1,368,000,000 'B' Shares of 0.05 euro cent each
0.7
1,368,000,000 Deferred shares of 0.05 euro cent each
0.7
10.7
Allotted, called-up and fully paid:
1,290,739,865 ordinary equity shares of 0.6 euro cent each
7.7
—
—
1,377,661,859 ordinary equity shares of 0.635 euro cent each
—
8.7
—
1,383,237,668 ordinary equity shares of 0.635 euro cent each
—
—
8.8
During the year, the Group returned €398 million to shareholders via a B share scheme, and completed a capital
reorganisation which involved the consolidation of its ordinary share capital on a 39 for 40 basis. The Group’s shareholders
approved the creation of two new authorised share classes being the ‘B’ Shares and Deferred Shares classes to effect this
B share scheme and 1,353,149,541 ‘B’ Shares and 663,060,175 Deferred Shares were subsequently issued. Arising out of
the ordinary share consolidation the number of ordinary equity shares in issue was reduced by 33,828,739 ordinary equity
shares from 1,353,149,541 immediately prior to the implementation of the B Share scheme to 1,319,320,802 ordinary
equity shares in issue upon completion of the B Share scheme and the nominal value of an ordinary equity share was
reduced from 0.635 euro cent each to 0.6 euro cent each. All ‘B’ Shares and Deferred Shares issued in connection with the
B Share scheme were either redeemed or cancelled during the year ended 31 March 2016 such that there were no ‘B’
Shares or Deferred Shares remaining in issue as at 31 March 2016.
Other movement in the share capital balance year-on-year principally relates to 0.3 million (2015: 5.0 million;
2014: 5.7 million) new shares issued due to the exercise of share options, less the cancellation of 53.5 million shares
relating to share buy-backs (2015: 10.6 million; 2014: 69.5 million).
Ordinary equity shares do not confer on the holders thereof the specific right to be paid a dividend out of profits.
(b) Share premium account
At March 31,
2016
2015
2014
€M
€M
€M
Balance at beginning of year
718.6
704.2
687.8
Share premium arising from the exercise of 0.3 million options in fiscal 2016, 5.0
million options in 2015 and 5.7 million options in 2014
0.8
14.4
16.4
Balance at end of year
719.4
718.6
704.2