| 2013 Number of shares | 2013
£000 | 2012 Number of shares | 2012
£000 |
---|
Ordinary shares of 1p each: | | | | |
Allotted, called up and fully paid | 199,063,222 | 1,991 | 199,383,222 | 1,994 |
The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at meetings of the Company. All shares rank equally with regard to the Company's residual assets.
During the current period the Company's share capital decreased by 320,000 shares (2012: decreased by 12,602,776 shares). During the period the Company repurchased and cancelled 320,000 shares, and no new shares were issued in the period. There has been no significant impact on share premium as a result of the share transactions, with share premium remaining at £151.0m (2012: £151.0m).
In total the Company received proceeds of £0.8m (2012: £2.1m) from the exercise of share options.
Interest in Own Shares
At 29 March 2013 the Company held in Trust 4,651,810 (2012: 4,932,009) of its own shares with a nominal value of £46,518 (2012: £49,320). The Trust has waived any entitlement to the receipt of dividends in respect of its holding of the Company's ordinary shares. The market value of these shares at 29 March 2013 was £15.0m (2012: £15.4m). In the current period no shares (2012: 5,449,620 shares) were repurchased and transferred into the Trust, with 280,199 reissued on exercise of share options.
Translation Reserve
The translation reserve comprises all foreign currency differences arising from the translation of the financial statements of foreign operations.
Capital Redemption Reserve
The capital redemption reserve has arisen following the purchase by the Company of its own shares and comprises the amount by which the distributable profits were reduced on these transactions in accordance with the Companies Act 2006.
Hedging Reserve
The hedging reserve comprises the effective portion of the cumulative net change in the fair value of cash flow hedging instruments related to hedged transactions that have not yet occurred.