DairyCrest

Notes to the financial statements

24 Share capital

Authorised

2014

Thousands

2013

Thousands

Ordinary shares of 25 pence each

240,000

240,000

Issued and fully paid

Thousands

£m

At 31 March 2012

133,351

33.3

Issued for cash on exercise of share options

3,245

0.8

At 31 March 2013

136,596

34.1

Issued for cash on exercise of share options

113

0.1

At 31 March 2014

136,709

34.2

During the year ended 31 March 2014 113,558 shares were issued at a premium of £0.1 million for an aggregate consideration of £0.2 million (2013: 3,244,954 shares at a premium of £6.6 million for an aggregate consideration of £7.4 million). Exercises of LTISP options and vesting of deferred bonus shares are fulfilled by the issue of existing shares from the Dairy Crest Employees’ Share Ownership Plan (‘ESOP’) - see Note 25.