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.