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  pearson annual report 2000    

Notes to the Accounts

   
 

25. Share capital

  number (000s) £m


Authorised
Ordinary shares of 25p each
At 31 December 2000
916,000 229


Called up, allotted and fully paid    
At 31 December 612,670 153
Issued under share option and employee share schemes 2,895 1
Issued under placing 11,500 3
Issued under rights issue 170,528 42


At 31 December 2000 797,593 199


note • The consideration received in respect of shares issued during the year was £1,961m (1999: £18m). In January 2000 Pearson placed 11,500,000 ordinary shares and raised approximately £250m, after expenses, to fund its existing and new internet-related businesses. In September 2000 Pearson completed a 3 for 11 rights issue of 170,528,278 new Pearson shares at a price of £10 per ordinary share. The purpose of the rights issue was to finance the acquisition of National Computer Systems, Inc.

  when
granted
number of
shares (000s)
restated
original
subscription price
(p) restated
exercise
period


Options outstanding at 31 December 2000
Worldwide Save for Shares plans
1994 70 455 1999 - 02
  1995 89 390 2000 - 03
  1996 345 517 2001 - 04
  1997 284 530 2000 - 05
  1998 922 687 2001 - 06
  1999 1,407 913 - 970 2001 - 07
  2000 728 688 - 1,793 2000 - 08


    3,845    


Executive share option plans 1991 34 337- 365 1994 - 01
  1992 43 293 - 380 1995 - 02
  1994 196 567 - 635 1997 - 04
  1995 271 487 - 606 1998 - 05
  1996 484 584 - 683 1999 - 06
  1997 1,801 664 - 758 2000 - 07
  1998 2,838 847 - 1,090 2001 - 08
  1999 3,234 1,081 - 1,285 2002 - 09
  2000 7,757 100 - 2,481 2000 - 10


    16,658    


note • The subscription prices have been rounded up to the nearest whole penny. The number of shares and the original subscription price have been restated to reflect the rights issue of equity shares during 2000. The 2000 figures include replacement options granted to employees of Dorling Kindersley and the Family Education Network following their acquisition during the year.

2000 Annual Report
* Introduction
* Chairman's letter
* Chief executive's review
* The Pearson Goals
* Internet Enterprises
* The Results
* Pearson Education
* The Penguin Group
* The Financial Times Group
* Recoletos
* Financial Review
* The Board
* Directors' Report
* Personnel Committee Report
* Consolidated profit and loss account
* Consolidated balance sheet
* Consolidated statement of cash flows
* Statement of total recognised gains and losses
* Reconciliation of movements in equity shareholders' funds
* Report to the Auditors to the Members of Pearson plc
* Principal subsidiaries and associates
* Five year summary
* Corporate and Operating Measures
* Shareholder information
* Notes to the accounts
 

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