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Shareholders' Equity

12 Months Ended

Dec. 31, 2020

Equity [Abstract]

Shareholders' Equity

Shareholders' Equity

(a)Ordinary share capital

						December 31, 2020						December 31, 2019						December 31, 2020									December 31, 2019
						No.						No.						Millions									Millions
			Authorized:
			Ordinary shares of £0.50 each			40,000,000						40,000,000						$	35.7		(1)						$	35.7		(1)
			Deferred ordinary shares of £0.0001 each			761,835,338,444						761,835,338,444						149.9			(1)						149.9			(1)
						761,875,338,444						761,875,338,444						$	185.6		(1)						$	185.6		(1)
			Allotted, called up and fully paid:
			Ordinary shares of £0.50 each			29,000,000						29,000,000						$	26.6		(1)						$	26.6		(1)
			Deferred ordinary shares of £0.0001 each			761,835,338,444						761,835,338,444						149.9			(1)						149.9			(1)
						761,864,338,444						761,864,338,444						$	176.5		(1)						$	176.5		(1)

(1)The Company's ordinary and deferred share capital are shown in U.S. dollars at the exchange rate prevailing at the month-end spot rate at the time of the share capital being issued.

The rights of the shares are as follows:

Ordinary shares of £0.50 each

The ordinary shares carry no entitlement to an automatic dividend but rank pari passu in respect of any dividend declared and paid. The ordinary shares were allotted and issued to satisfy share awards which vested under the Company's share award and share incentive plans.

At December 31, 2020, there were 27,636,153 (2019: 27,431,283) ordinary shares of Luxfer Holdings PLC listed on the New York Stock Exchange (NYSE).

Deferred ordinary shares of £0.0001 each

The deferred shares have no entitlement to dividends or to vote. On a liquidation, (but not otherwise) the holders of the deferred shares shall be entitled to the repayment of the paid up nominal amount of the deferred shares, but only after any payment to the holders of ordinary shares of an amount equal to 100 times the amount paid up on such ordinary shares.

(b) Treasury Shares

			In millions
			At January 1, 2019			$	(4.3)
			Utilization of treasury shares			0.3
			At December 31, 2019			(4.0)
			At December 31, 2020			$	(4.0)

In June 2015, the Board announced a share buy-back program of up to $10 million to cover the needs of employee share plans. Shareholder approval for this program was granted at the 2014 Annual General Meeting (for repurchases up to an aggregate amount of 2,700,000 ordinary shares or ADSs).

During 2019 and 2020, no ordinary shares were repurchased under the share buy-back program. At December 31, 2020, there were 350,335 (2019: 352,499) treasury shares held at a cost of $4.0 million (2019: $4.0 million).

15.    Shareholders' Equity (continued)

(c) Own shares held by ESOP

			In millions
			At January 1, 2019			$	(2.2)
			Shares sold from ESOP			0.2
			Utilization of ESOP shares			0.3
			At December 31, 2019			(1.7)
			Shares sold from ESOP			0.3
			At December 31, 2020			$	(1.4)

At December 31, 2020, there were 1,013,512 ordinary shares of £0.50 each (2019: 1,216,220 ordinary shares of £0.50 each) held by The Luxfer Group Employee Share Ownership Plan (the "ESOP").

(d) Dividends paid and proposed

			In millions			2020						2019						2018
			Dividends declared and paid during the year:
			Interim dividend paid February 7, 2018 ($0.125 per ordinary share)			$	—					$	—					$	3.4
			Interim dividend paid May 2, 2018 ($0.125 per ordinary share)			—						—						3.3
			Interim dividend paid August 1, 2018 ($0.125 per ordinary share)			—						—						3.3
			Interim dividend paid November 7, 2018 ($0.125 per ordinary share)			—						—						3.4
			Interim dividend paid February 6, 2019 ($0.125 per ordinary share)			—						3.4						—
			Interim dividend paid May 1, 2019 ($0.125 per ordinary share)			—						3.4						—
			Interim dividend paid August 7, 2019 ($0.125 per ordinary share)			—						3.4						—
			Interim dividend paid November 6, 2019 ($0.125 per ordinary share)			—						3.4						—
			Interim dividend paid February 5, 2020 ($0.125 per ordinary share)			3.4						—						—
			Interim dividend paid May 6, 2020 ($0.125 per ordinary share)			3.4						—						—
			Interim dividend paid August 5, 2020 ($0.125 per ordinary share)			3.4						—						—
			Interim dividend paid November 4, 2020 ($0.125 per ordinary share)			3.4						—						—
						$	13.6					$	13.6					$	13.4

			In millions			2020						2019						2018
			Dividends declared and paid after December 31 (not recognized as a liability at December 31):
			Interim dividend paid February 6, 2019: ($0.125 per ordinary share)			$	—					$	—					$	3.4
			Interim dividend paid February 5, 2020: ($0.125 per ordinary share)			—						3.4						—
			Interim dividend paid February 4, 2021: ($0.125 per ordinary share)			3.4						—						—
						$	3.4					$	3.4					$	3.4

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- References

No definition available.

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- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-URI http://asc.fasb.org/topic&trid=2208762

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