XML 61 R24.htm IDEA: XBRL DOCUMENT v3.22.4
Shareholders' Equity
 12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Shareholders' Equity Shareholders' Equity
(a)Ordinary share capital
December 31, 2022December 31, 2021December 31, 2022December 31, 2021
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 — (1)149.9 (1)
40,000,000 761,875,318,444 $35.7 (1)$185.6 (1)
Allotted, called up and fully paid:
 
Ordinary shares of £0.50 each
28,944,000 28,944,000 $26.5 (1)$26.5 (1)
Deferred ordinary shares of £0.0001 each
— 761,835,318,444 — (1)149.9 (1)
28,944,000 761,864,262,444 $26.5 (1)$176.4 (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, 2022, there were 26,934,973 (2021: 27,529,824) ordinary shares of Luxfer Holdings PLC listed on the New York Stock Exchange (NYSE).
Deferred ordinary shares of £0.0001 each
In July 2022 the Company made a payment of $0.1 million to cancel the entirety of deferred shares held, $149.8 million was reallocated to additional paid-in capital to reflect the capital reduction in deferred shares.

(b) Treasury Shares
In millions
At January 1, 2021$(4.0)
Purchase of treasury shares(6.4)
Cancellation of treasury shares0.7 
Utilization of treasury shares0.1 
At December 31, 2021(9.6)
Purchase of treasury shares(11.1)
Utilization of treasury shares0.3 
At December 31, 2022$(20.4)
In 2022, the Company purchased 711,572 ordinary shares for a total cost of $11.1 million. 9,424 of these shares were utilized at $0.3 million, with the remaining 702,148 retained within Treasury shares.
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, 2022, there were 1,277,766 (2021: 575,618) treasury shares held at a cost of $20.4 million (2021: $9.6 million).
15.    Shareholders' Equity (continued)
(c) Company shares held by ESOP
In millions
At January 1, 2021$(1.4)
Utilization of ESOP shares0.3 
At December 31, 2021(1.1)
Utilization of ESOP shares0.1 
At December 31, 2022$(1.0)
At December 31, 2022, there were 721,261 ordinary shares at £0.50 each (2021: 838,558 ordinary shares of £0.50 each) held by The Luxfer Group Employee Share Ownership Plan (the "ESOP").

(d) Dividends paid and proposed
In millions202220212020
Dividends declared and paid during the year:
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 — 
Interim dividend paid February 2, 2022 ($0.125 per ordinary share)
3.4 — — 
Interim dividend paid May 4, 2022 ($0.130 per ordinary share)
3.6 — — 
Interim dividend paid August 3, 2022 ($0.130 per ordinary share)
3.6 — — 
Interim dividend paid November 2, 2022 ($0.130 per ordinary share)
3.6 — — 
$14.2 $13.6 $13.6 

In millions202220212020
Dividends declared and paid after December 31 (not recognized as a liability at December 31):
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 — 
Interim dividend paid February 1, 2023: ($0.130 per ordinary share)
3.6 — — 
$3.6 $3.4 $3.4