The Edinburgh Investment Trust Plc Annual Financial Report 2022 - Flipbook - Page 69
THE EDINBURGH INVESTMENT TRUST PLC / FINANCIAL REVIEW / 67
13. SHARE CAPITAL
Share capital represents the total number of shares in issue, including treasury shares.
2022
2021
Ordinary shares of 25p each (£’000)
42,770
43,046
Treasury shares of 25p each (£’000)
6,147
5,871
48,917
48,917
2022
2021
172,182,929
174,682,929
Share capital:
Number of ordinary shares in issue:
Brought forward
Shares bought back and held in treasury
Carried forward
(1,104,800)
(2,500,000)
171,078,129
172,182,929
23,483,805
20,983,805
Number of shares held in treasury:
Brought forward
Shares bought back into treasury
Carried forward
Total ordinary shares
1,104,800
2,500,000
24,588,605
23,483,805
195,666,734
195,666,734
During the year the Company bought back, into treasury, 1,104,800 (2021: 2,500,000) ordinary shares at an average price of 632.95p
(2021: 458.79p) (including costs). Since the year end, 290,000 shares have been bought back into treasury.
The Directors’ Report on pages 39 and 40 sets out the Company’s share capital structure, restrictions and voting rights.
14. RESERVES
This note explains the different reserves attributable to shareholders. The aggregate of the reserves and share capital
(see previous note) make up total shareholders’ funds.
The share premium comprises the net proceeds received by the Company following the issue of shares, after deduction of the nominal
amount of 25 pence and any applicable issue costs. The capital redemption reserve maintains the equity share capital of the Company
and arose from the nominal value of any shares bought back and cancelled; both are non-distributable.
The capital reserve includes the investment holding gains/(losses), being the difference between cost and market value at the balance
sheet date. It also includes cumulative realised gains/(losses) and costs related to share buybacks. Capital investment gains and losses are
shown in note 9(b) and form part of the capital reserve.
The revenue reserve and certain amounts of the capital reserve are distributable by way of dividend.