of £1 each
of 20p each
|At January 1, 2007 and December 31, 2008||1||50,000||—||2,500||500|
|Issued and fully paid|
|At January 1, 2007||1||—||—||1,781||356|
|Exercise of share options||—||—||—||24||5|
|B Share conversion into ordinary shares||—||—||—||15||3|
|At January 1, 2008||1||—||—||1,820||364|
|Exercise of share options||—||—||—||12||2|
|B Share conversion into ordinary shares||—||—||—||12||3|
|At December 31, 2008||1||—||—||1,844||369|
The rights attaching to each class of share are set out in the Directors' report.
In accordance with FRS 25 Financial instruments: Presentation, the Company’s non-cumulative redeemable convertible preference shares (B Shares) are classified as financial liabilities. Accordingly, movements in B Shares are included in note 3.