Share capital consists of 535,186,562 shares with a par value of €0.20 at 31 December 2022 following the issue of 448,267 shares for the employee shareholding plan and 868,806 free shares and the cancellation of 23,802,871 shares.
Share capital consisted of 557,672,360 shares with a par value of €0.20 at 31 December 2021 following the exercise of subscription options for 52,397 shares, the issue of 5,327 shares for the employee shareholding plan in the UK and 743,056 free shares and the cancellation of 3,000,000 shares.
Share capital consisted of 559,871,580 shares with a par value of €0.20 at 31 December 2020, following the exercise of subscription options for 465,796 shares, the issue of 452,979 shares for the employee shareholding plan and 835,600 free shares.
Treasury shares are recorded at acquisition cost and deducted from equity. Capital gains/losses on disposal of these items net of tax are charged directly to equity and do not contribute to profit for the financial year.
The change in the number of shares in 2022 was as follows:
| In shares | Share capital | Treasury shares | Common shares outstanding |
|---|---|---|---|
| At 01.01.2022 | At 01.01.2022Share capital557,672,360 | At 01.01.2022Treasury shares-22,260,000 | At 01.01.2022Common shares outstanding535,412,360 |
| Shares cancelled | Shares cancelled Share capital-23,802,871 |
Shares cancelled Treasury shares23,802,871 |
Shares cancelled Common shares outstanding— |
| Options and free shares exercised | Options and free shares exercised Share capital1,317,073 |
Options and free shares exercised Treasury shares— |
Options and free shares exercised Common shares outstanding1,317,073 |
| Treasury shares purchased | Treasury shares purchased Share capital— |
Treasury shares purchased Treasury shares-1,542,871 |
Treasury shares purchased Common shares outstanding-1,542,871 |
| AT 31.12.2022 | AT 31.12.2022Share capital535,186,562 | AT 31.12.2022Treasury shares— | AT 31.12.2022Common shares outstanding535,186,562 |
The change in treasury shares in 2022 was as follows:
| In shares | Buyback programme | Allocated to free-share plans | Total | € millions |
|---|---|---|---|---|
| At 01.01.2022 | At 01.01.2022Buyback programme22,260,000 | At 01.01.2022Allocated to free-share plans— | At 01.01.2022Total22,260,000 | At 01.01.2022€ millions8,940.0 |
| Shares cancelled | Shares cancelled Buyback programme-23,802,871 |
Shares cancelled Allocated to free-share plans— |
Shares cancelled Total-23,802,871 |
Shares cancelled € millions-9,442.3 |
| Options and free shares exercised | Options and free shares exercised Buyback programme— |
Options and free shares exercised Allocated to free-share plans— |
Options and free shares exercised Total— |
Options and free shares exercised € millions— |
| Treasury shares purchased | Treasury shares purchased Buyback programme1,542,871 |
Treasury shares purchased Allocated to free-share plans— |
Treasury shares purchased Total1,542,871 |
Treasury shares purchased € millions502 |
| AT 31.12.2022 | AT 31.12.2022Buyback programme— | AT 31.12.2022Allocated to free-share plans— | AT 31.12.2022Total— | AT 31.12.2022€ millions— |
