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Shareholders' Equity
 12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Shareholders' Equity Shareholders' Equity
(a)Ordinary share capital
December 31, 2021December 31, 2020December 31, 2021December 31, 2020
No.No.MillionsMillions 
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
761,835,318,444 761,835,338,444 149.9 (1)149.9 (1)
761,875,318,444 761,875,338,444 $185.6 (1)$185.6 (1)
Allotted, called up and fully paid:
 
Ordinary shares of £0.50 each
28,944,000 29,000,000 $26.5 (1)$26.6 (1)
Deferred ordinary shares of £0.0001 each
761,835,318,444 761,835,338,444 149.9 (1)149.9 (1)
761,864,262,444 761,864,338,444 $176.4 (1)$176.5 (1)
(1)The Company's ordinary and deferred share capital are shown in U.S. dollars at the exchange rate prevailing at the month-end spot rate at the time of the share capital being issued.
The rights of the shares are as follows:
Ordinary shares of £0.50 each
The ordinary shares carry no entitlement to an automatic dividend but rank pari passu in respect of any dividend declared and paid. The ordinary shares were allotted and issued to satisfy share awards which vested under the Company's share award and share incentive plans.
At December 31, 2021, there were 27,529,824 (2020: 27,636,153) ordinary shares of Luxfer Holdings PLC listed on the New York Stock Exchange (NYSE).
Deferred ordinary shares of £0.0001 each
The deferred shares have no entitlement to dividends or to vote. Upon liquidation (but not otherwise), the holders of the deferred shares shall be entitled to the repayment of the paid up nominal amount of the deferred shares, but only after any payment to the holders of ordinary shares of an amount equal to 100 times the amount paid up on such ordinary shares.
(b) Treasury Shares
In millions
January 1, 2020 and December 31, 2020(4.0)
Purchase of treasury shares(6.4)
Cancellation of treasury shares0.7 
Utilization of treasury shares0.1 
At December 31, 2021$(9.6)
In June 2021, the Board announced a share buy-back program. As a result, in 2021, the Company purchased 297,678 total shares for $6.4 million. Of the 297,678 shares repurchased in the year, 56,000 at $0.7 million have been cancelled. 16,395 shares were utilized at $0.1 million, with the remaining 225,283 retained within Treasury shares.
At December 31, 2021, there were 575,618 (2020: 350,335) treasury shares held at a cost of $9.6 million (2020: $4.0 million).
15.    Shareholders' Equity (continued)
(c) Company shares held by ESOP
In millions
At January 1, 2020$(1.7)
Shares sold from ESOP0.3 
At December 31, 2020(1.4)
Utilization of ESOP shares0.3 
At December 31, 2021$(1.1)
At December 31, 2021, there were 838,558 ordinary shares at £0.50 each (2020: 1,013,512 ordinary shares of £0.50 each) held by The Luxfer Group Employee Share Ownership Plan (the "ESOP").

(d) Dividends paid and proposed
In millions202120202019
Dividends declared and paid during the year:
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 — 
Interim dividend paid February 4, 2021 ($0.125 per ordinary share)
3.4 — — 
Interim dividend paid May 5, 2021 ($0.125 per ordinary share)
3.4 — — 
Interim dividend paid August 4, 2021 ($0.125 per ordinary share)
3.4 — — 
Interim dividend paid November 3, 2021 ($0.125 per ordinary share)
3.4 — — 
$13.6 $13.6 $13.6 

In millions202120202019
Dividends declared and paid after December 31 (not recognized as a liability at December 31):
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 — 
Interim dividend paid February 2, 2022 : ($0.125 per ordinary share)
3.4 — — 
$3.4 $3.4 $3.4