3 Financial liabilities

B Shares
Movements in the B Shares during the year were as follows:


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  B Shares of
0.1p
Millions
Nominal
value
£m
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Authorised    
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At January 1, and December 31, 2008 1,000,000 1,000
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Issued and fully paid
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At January 1, 2008 15,859 16
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Shares issued 236,740 237
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Shares converted into ordinary shares (52,524) (53)
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Shares redeemed (200,075) (200)
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At December 31, 2008 - -
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Rights attaching to B Shares, and C Shares that the Company will issue from January 2009, are described in note 16 of the Company’s consolidated financial statements.