B Shares
Movements in the B Shares during the year were as follows:
| B Shares of 0.1p Millions |
Nominal value £m |
|
| Authorised | ||
| At January 1, and December 31, 2008 | 1,000,000 | 1,000 |
| Issued and fully paid | ||
| At January 1, 2008 | 15,859 | 16 |
| Shares issued | 236,740 | 237 |
| Shares converted into ordinary shares | (52,524) | (53) |
| Shares redeemed | (200,075) | (200) |
| At December 31, 2008 | - | - |
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.