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Share Capital and Reserves (Tables)
 12 Months Ended
Dec. 31, 2017
Text Block1 [Abstract]  
Summary of Share Capital
Equity share capital    2017
             2016
  
     Ordinary
Shares of
€0.32 each (i)		      Income
Shares of
€0.02 each (ii)		             Ordinary
Shares of
€0.32 each (i)		      Income
Shares  of
€0.02 each (ii)		  

Authorised

                                             

At 1 January and 31 December (€m)

      400        25                 400        25  
                                              

Number of Shares at 1 January and 31 December (millions)

      1,250        1,250                 1,250        1,250  
                                              

Allotted, called-up and fully paid

                                             

At 1 January (€m)

      269        15                 266        15  

Performance Share Plan Awards

      1        -                 -        -  

Issue of scrip shares in lieu of cash dividends (iii)

      1        -                 2        -  

Share options and share participation schemes

      -        -                 1        -  

At 31 December (€m)

      271        15                 269        15  

The movement in the number of shares (expressed in millions) during the financial year was as follows:

 

         

At 1 January

      833        833                 824        824  

Performance Share Plan Awards

      2        2                 -        -  

Issue of scrip shares in lieu of cash dividends (iii)

      3        3                 7        7  

Share options and share participation schemes

      1        1                 2        2  

At 31 December

      839        839                 833        833  

 

(i) The Ordinary Shares represent 93.73% of the total issued share capital.

 

(ii) The Income Shares, which represent 5.86% of the total issued share capital, were created on 29 August 1988 for the express purpose of giving shareholders the choice of receiving dividends on either their Ordinary Shares or on their Income Shares (by notice of election to the Company). The Income Shares carried a different tax credit to the Ordinary Shares. The creation of the Income Shares was achieved by the allotment of fully paid Income Shares to each shareholder equal to his/her holding of Ordinary Shares but the shareholder is not entitled to an Income Share certificate, as a certificate for Ordinary Shares is deemed to include an equal number of Income Shares and a shareholder may only sell, transfer or transmit Income Shares with an equivalent number of Ordinary Shares. Income Shares carry no voting rights. Due to changes in Irish tax legislation since the creation of the Income Shares, dividends on the Company’s shares no longer carry a tax credit. As elections made by shareholders to receive dividends on their holding of Income Shares were no longer relevant, the Articles of Association were amended on 8 May 2002 to cancel such elections.

 

(iii) Issue of scrip shares in lieu of cash dividends:

 

     Number of shares            Price per share  
     2017      2016      2015            2017      2016      2015  

May 2017 - Final 2016 dividend (2016: Final 2015 dividend;

2015: Final 2014 dividend)

      433,046        5,301,827        5,056,633              € 33.08      € 24.69      € 24.60  

October 2017 - Interim 2017 dividend (2016: Interim 2016 dividend;

2015: Interim 2015 dividend)

      2,130,496        1,243,042        288,769              € 29.24      € 29.41      € 26.16  

Total

      2,563,542        6,544,869        5,345,402                                     

Summary of Movement in the Number of Shares

The movement in the number of shares (expressed in millions) during the financial year was as follows:

 

         

At 1 January

      833        833                 824        824  

Performance Share Plan Awards

      2        2                 -        -  

Issue of scrip shares in lieu of cash dividends (iii)

      3        3                 7        7  

Share options and share participation schemes

      1        1                 2        2  

At 31 December

      839        839                 833        833  

Summary of Issue of Scrip Shares in Lieu of Cash Dividends

 

     Number of shares            Price per share  
     2017      2016      2015            2017      2016      2015  

May 2017 - Final 2016 dividend (2016: Final 2015 dividend;

2015: Final 2014 dividend)

      433,046        5,301,827        5,056,633              € 33.08      € 24.69      € 24.60  

October 2017 - Interim 2017 dividend (2016: Interim 2016 dividend;

2015: Interim 2015 dividend)

      2,130,496        1,243,042        288,769              € 29.24      € 29.41      € 26.16  

Total

      2,563,542        6,544,869        5,345,402                                     

 
Summary of Number of Shares

 

     Number of shares  
     2017      2016      2015  

Options exercised during the year (satisfied by the issue of new shares)

      1,589,335        2,209,638        -  

Options exercised during the year (satisfied by the reissue of Treasury Shares)

      -        13,936        2,876,066  

Total

      1,589,335        2,223,574        2,876,066  
Summary of Preference Share Capital
Preference share capital  

5% Cumulative

Preference Shares

of €1.27 each

           

7% ‘A’ Cumulative

Preference Shares

of €1.27 each

  
   

Number of shares

‘000s

     

€m

            Number of shares
‘000s		      €m  

Authorised

                                           

At 1 January 2017 and 31 December 2017

     150        -                872        1  

Allotted, called-up and fully paid

                                           

At 1 January 2017 and 31 December 2017

     50        -                872        1  

 
Summary of Treasury Shares/Own Shares
Treasury Shares/own shares   

2017

€m

     

2016

€m

  

At 1 January

      (14)        (28)  

New Shares allotted to the Employee Benefit Trust (own shares)

      (63)        -  
Own Shares released by the Employee Benefit Trust under the 2014 Performance Share Plan      63        -  

Shares acquired by the Employee Benefit Trust (own shares)

      (3)        (4)  

Treasury Shares/own shares reissued

      2        18  

At 31 December

      (15)        (14)  
Summary of Reconciliation of Shares Issued to Net Proceeds
Reconciliation of shares issued to net proceeds   

2017

€m

     

2016

€m

     

2015

€m

  

Shares issued at nominal amount:

                           

- Performance Share Plan Awards

      1        -        -  

- scrip shares issued in lieu of cash dividends

      1        2        2  

- share options and share participation schemes

      -        1        -  

- share capital issued - equity placing

      -        -        26  

Premium on shares issued

      180        216        1,722  

Total value of shares issued

      182        219        1,750  

Issue of scrip shares in lieu of cash dividends (note 12)

      (77)        (167)        (132)  

Shares allotted to the Employee Benefit Trust*

      (63)        -        -  

Expenses paid in respect of shares issued

      -       
 -
  
     
 (25)
  

Net proceeds from issue of shares

      42        52        1,593  
Summary of Share Premium

Share premium

      
 2017
€m		  
 		     
 2016
€m		  
 

At 1 January

      6,237        6,021  

Premium arising on shares issued

      180        216  

At 31 December

      6,417        6,237