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Authorised and issued share capital | 12 Months Ended
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Dec. 31, 2024
Disclosure of classes of share capital [abstract] |
Authorised and issued share capital | 24. Authorised and issued share capital
| Equity ordinary shares 1 |  | Nominal value £m
Authorised |  |  |
At 1 January 2022 | 1,750,000,000 |  |  | 175 |
At 31 December 2022 | 1,750,000,000 |  |  | 175 |
At 31 December 2023 | 1,750,000,000 |  |  | 175 |
At 31 December 2024 | 1,750,000,000 |  |  | 175 |
Issued and fully paid |  |  |
At 1 January 2022 | 1,224,459,550 |  |  | 122 |
Exercise of share options | 125,700 |  |  | — |
Share cancellations | (83,157,954) |  |  | (8) |
At 31 December 2022 | 1,141,427,296 |  |  | 114 |
Exercise of share options | 85,900 |  |  | — |
At 31 December 2023 | 1,141,513,196 |  |  | 114 |
Exercise of share options | 248,625 |  |  | — |
Share cancellations | (50,367,570) |  |  | (5) |
At 31 December 2024 | 1,091,394,251 |  |  | 109 |
Note 1 Ordinary shares have a par value of £0.10. Company’s own shares The Company’s holdings of own shares are stated at cost and represent shares held in treasury and purchases by the Employee Share Ownership Plan (ESOP) trusts of shares in the Company for the purpose of funding certain of the Group’s share-based incentive plans. The trustees of the ESOP purchase the Company’s ordinary shares in the open market using funds provided by the Company. The Company also has an obligation to make regular contributions to the ESOP to enable it to meet its administrative costs. The number and market value of the ordinary shares of the Company held by the ESOP at 31 December 2024 was 39,769 (2023: 490,646, 2022: 1,211,974), and £0.3 million (2023: £4 million, 2022: £10 million) respectively. The number and market value of ordinary shares held in treasury at 31 December 2024 was 12,591,893 (2023: 66,675,497, 2022: 70,489,953) and £104 million (2023: £502 million, 2022: £578 million) respectively.

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