RBS 2009 Annual Report Download - page 327

325RBS Group Annual Report and Accounts 2009
Financial statements
Notes on the accounts
27 Share capital Allotted, called up and fully paid Authorised (1)
1 January Issued Redeemed 31 December 31 December
2009 during the year during the year 2009 2008
£m £m £m £m £m
Ordinary shares of 25p 9,864 4,227 — 14,091 11,151
B shares of £0.01 — 510 — 510 —
Dividend access share of £0.01 —————
Non-voting deferred shares of £0.01 27 — — 27 323
Additional Value Shares of £0.01 ————27
Non-cumulative preference shares of US$0.01 2 — — 2 3
Non-cumulative convertible preference shares of US$0.01 —————
Non-cumulative preference shares of 0.01 —————
Non-cumulative convertible preference shares of 0.01 —————
Non-cumulative convertible preference shares of £0.25 ————225
Non-cumulative convertible preference shares of £0.01 —————
Cumulative preference shares of £1 1 — — 1 1
Non-cumulative preference shares of £1 6 — (5) 1 300
Allotted, called up and fully paid Authorised (1)
Number of shares – thousands 2009 2008 2007 2008 2007
Ordinary shares of 25p 56,365,721 39,456,005 10,006,215 44,603,278 12,070,492
B shares of £0.01 51,000,000 ————
Dividend access share of £0.01 — ————
Non-voting deferred shares of £0.01 2,660,556 2,660,556 2,660,556 32,300,000 32,300,000
Additional Value Shares of £0.01 — — — 2,700,000 2,700,000
Non-cumulative preference shares of US$0.01 308,015 308,015 308,015 516,000 419,500
Non-cumulative convertible preference shares of US$0.01 1,000 1,000 1,000 3,900 3,900
Non-cumulative preference shares of 0.01 2,526 2,526 2,526 66,000 66,000
Non-cumulative convertible preference shares of 0.01 — — — 3,000 3,000
Non-cumulative convertible preference shares of £0.25 — — — 900,000 900,000
Non-cumulative convertible preference shares of £0.01 200 200 200 1,000 1,000
Cumulative preference shares of £1 900 900 900 900 900
Non-cumulative preference shares of £1 750 5,750 750 300,000 300,000
Movement in ordinary and B shares in issue – thousands
Ordinary shares B shares
of 25p of £0.01
At 1 January 2008 10,006,215 —
Shares issued in respect of the rights issue 6,123,010 —
Shares issued in respect of the capitalisation issue 403,468 —
Shares issued in respect of the placing and open offer 22,909,776 —
Other shares issued 13,536 —
At 1 January 2009 39,456,005 —
Shares issued in respect of the placing and open offer 16,909,716 —
B Shares issued — 51,000,000
At 31 December 2009 56,365,721 51,000,000
Note:
(1) Prior to the Companies Act 2006, the authorised share capital of UK companies was divided between issued share capital and unissued share capital whose allotment was determined by the
Articles of Association of a company and specific authorities granted to directors. Since 15 December 2009 when the company changed its constitution to reflect the Companies Act 2006, there is
no authorised share capital. The meeting approving the changes also resolved to grant the directors the power to issue a nominal amount of £1,610 million B shares of 1p each and £44,250
million ordinary shares of 25p each in connection with the company's participation in the UK Government’s Asset Protection Scheme.