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Share capital and other equity (Tables)

12 Months Ended

Dec. 31, 2021

Share capital and other equity

Schedule of allotted, called up and fully paid shares


						Number of shares
		2021		2020		2021		2020
Allotted, called up and fully paid		£m		£m		000s		000s
Ordinary shares of £1		11,468		12,129		11,467,982		12,129,165
Cumulative preference shares of £1		1		1		483		900
Non-cumulative preference shares of US$0.01 (1)		—		—		10		10

(1)	No shares were redeemed in 2021 or 2020. The company announced on 1 February 2022 that it had given notice to holders of the redemption on 31 March 2022 of the Series U Non-cumulative dollar preference shares.

Schedule of movement in allotted, called up and fully paid ordinary shares


				Number of
Movement in allotted, called up and fully paid ordinary shares		£m		shares 000s
At 1 January 2020		12,094		12,093,909
Shares issued		35		35,256
At 1 January 2021		12,129		12,129,165
Shares issued		38		37,584
Shares redeemed		(699)		(698,767)
At 31 December 2021		11,468		11,467,982

Schedule of non-cumulative preference shares


		Number of shares				Redemption		Redemption
Non-cumulative preference shares classified as equity		in issue		Interest rate		date on or after		price per share
Shares of US$0.01 - Series U		10,130		Floating		29 September 2017		US$100,000

(1)	Preference shares where distributions are discretionary are classified as equity.

Schedule of other equity instruments


		2021		2020		2019
		£m		£m		£m
Additional Tier 1 notes
US$2.0 billion 7.5% notes callable August 2020 (1)		—		—		1,277
US$1.15 billion 8% notes callable August 2025 (1)		735		735		735
US$2.65 billion 8.625% notes callable August 2021 (2)		—		2,046		2,046
US$1.5 billion 6.000% notes callable December 2025 - June 2026 (3)		1,220		1,220		—
GBP£1.0 billion 5.125% notes callable May - November 2027 (4)		998		998		—
GBP£0.4 billion – March 2021 issuance (5)		399		—		—
US$0.75 billion – June 2021 issuance (6)		538		—		—
		3,890		4,999		4,058

(1)	Issued in August 2015. In the event of conversion, converted into ordinary shares at a price of $3.606 nominal per £1 share.

(2)	Issued in August 2016. In the event of conversion, converted into ordinary shares at a price of $2.284 nominal per £1 share. In July 2021, paid-in equity reclassified to liabilities as the result of a call in August 2021 of US$2.65 billion AT1 Capital notes.

(3)	Issued in June 2020. In the event of conversion, converted into ordinary shares at a price of £1.754 (translated at applicable exchange rate) per £1 share.

(4)	Issued in November 2020. In the event of conversion, converted into ordinary shares at a price of £1.754 nominal per £1 share.

(5)	Issued in March 2021. In the event of conversion, converted into ordinary shares at a price of £1.754 nominal per £1 share.

(6)	Issued in June 2021. In the event of conversion, converted into ordinary shares at a price of £1.754 (translated at applicable exchange rate) per £1 share.