Notes to the company accounts
9 Share capital
|
Number of shares |
Issued |
Consideration |
|
|
Ordinary shares |
|||
|
At 31 July 2007 |
385,498,273 |
144.6 |
|
|
Exercise of share options |
2,380,908 |
0.9 |
15.5 |
|
At 31 July 2008 |
387,879,181 |
145.5 |
|
|
B shares |
|||
|
At 31 July 2007 |
4,926,594 |
0.1 |
|
|
Purchased and cancelled |
(4,467,437) |
(0.1) |
|
|
At 31 July 2008 |
459,157 |
||
|
Share capital classified as equity at 31 July 2008 |
145.5 |
||
|
Share capital classified as debt at 31 July 2008 |
|||
|
Total share capital at 31 July 2008 |
145.5 |
On 17 April 2008 4,467,437 B shares were purchased and cancelled. The remaining B shares carry annual interest of 75% of 12 month LIBOR, payable in arrears in April. Smiths may redeem and cancel the remaining B shares up to November 2008 for a consideration of 365p per share in cash or convert them to ordinary shares. B shares have no voting rights.
The authorised capital at 31 July 2008 consisted of:
- 533,333,333 (2007: 533,333,333) ordinary shares of 37.5p each; and
- 600,000,000 (2007: 600,000,000) non-cumulative B shares of 1p each.
At 31 July 2008 all of the issued share capital was in free issue. All issued shares are fully paid.
|
31 July 2008 |
31 July 2007 |
|
|
Number of ordinary shares issuable under outstanding options |
8,777,181 |
11,585,441 |
|
Year |
Number of |
Subscription |
Dates |
|
|
Smiths Sharesave Scheme |
2001 |
30,990 |
608.00p |
2004/2008 |
|
2002 |
11,851 |
645.00p |
2005/2009 |
|
|
2003 |
118,006 |
554.00p |
2006/2010 |
|
|
2004 |
115,973 |
525.00p |
2007/2011 |
|
|
2005 |
194,283 |
704.00p |
2008/2012 |
|
|
2006 |
227,085 |
798.00p |
2009/2013 |
|
|
2007 |
189,534 |
868.00p |
2010/2014 |
|
|
2008 |
326,309 |
1,097.00p |
2011/2015 |
|
|
Smiths Industries Executive Share Option Schemes |
1998 |
19,244 |
765.00p |
2001/2008 |
|
1999 |
64,845 |
858.50p |
2002/2009 |
|
|
2000 |
69,653 |
750.00p |
2003/2010 |
|
|
2001 |
97,076 |
790.00p |
2004/2011 |
|
|
2002 |
1,213,113 |
806.00p |
2005/2012 |
|
|
2002 |
143,500 |
654.00p |
2005/2012 |
|
|
2003 |
214,800 |
669.00p |
2006/2013 |
|
|
2004 |
1,007,600 |
774.00p |
2007/2014 |
|
|
2005 |
1,146,437 |
901.00p |
2008/2015 |
|
|
2006 |
1,845,427 |
896.50p |
2009/2016 |
|
|
2007 |
1,610,500 |
1,097.00p |
2010/2017 |
|
|
TI Group Executive Share Option Schemes |
1998 |
8,607 |
849.79p |
2001/2008 |
|
1999 |
19,183 |
907.23p |
2002/2009 |
|
|
1999 |
87,181 |
1,103.92p |
2002/2009 |
|
|
2000 |
2,459 |
661.23p |
2003/2010 |
|
|
2000 |
13,525 |
626.16p |
2003/2010 |