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Note 32: Share capital

  Group and Company
  2010   2009
Ordinary shares of 25 pence each Number
of shares
000s
£ million   Number
of shares
000s
£ million
Allotted, called up and fully paid
At 1 April 1,153,628 288 1,153,105 288
Exercise of options under employee share option schemes 46     523  
At 31 March 1,153,674 288   1,153,628 288

The concept of authorised share capital was abolished under the Companies Act 2006, with effect from 1 October 2009 and consequential amendments to the Company’s Articles of Association were approved by shareholders at the 2009 Annual General Meeting. At 31 March 2009, the authorised ordinary share capital of the Company was £378 million divided into 1,512,000,000 ordinary shares of 25 pence each.

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