Annual Report for the year ended 31 December 2008

32. sHaRe CaPital
notes to tHe FinanCial statements CONTINuED
FOR THE YEAR ENDED 31 DECEMBER 2008
70 The evoluTion Group plc AnnuAl reporT & AccounTs 2008
2008 2007
£'000 £'000
AuTHORISED:
400,000,000 ordinary shares of 1p each 4,000 4,000
ALLOTTED, ISSuED AND FuLLY PAID:
224,477,637 (2007: 223,218,843) ordinary shares of 1p each 2,245 2,232
The following table summarises the movements of allotted, issued and fully paid share capital:
2008 2007
COMPANY £'000 £'000
ALLOTTED, ISSuED AND FuLLY PAID:
At 1 January
223,218,843 (2007: 221,381,671) ordinary shares of 1p each 2,232 2,214
ISSuES
546,550 (2007: 1,667,301) ordinary shares on exercise of options 6 16
243,550 (2007: 169,871) ordinary shares on issue of matching shares from share incentive plan 2 2
468,694 (2007: nil) ordinary shares on issue of share incentive plan bonus 5 –
AT 31 DECEMBER
224,477,637 (2007: 223,218,843) ordinary shares of 1p each 2,245 2,232
The aggregate consideration received on the issue of shares during the year was £980,000 (2007: £368,000).
Terms of share capital
The holder of each ordinary share is entitled to one vote on a poll. The holders also have the right to receive dividends and the right to participate on a return
of capital.
Potential issues of ordinary shares
As at 31 December 2008, there are 52,568,372 (2007: 53,667,197) options outstanding under all Group schemes as detailed in note 38. of these 8,147,985
(2007: 9,536,398) have already vested.
The number and market value of the Group’s holding in its own shares, held by the evolution Group plc employees’ share Trust, are disclosed below:
2008 2007
Number Number
of shares of shares
shares held in trust not yet conditionally allocated 9,547,183 14,000,058
nominal value of 1p ordinary shares £95,472 £140,000
Market value at £0.86 per share (2007: £1.23) £8,210,577 £17,220,071
The market value represents the market price for an ordinary 1p share at 31 December 2008.