Capital and reserves — Group and Company
See Consolidated statement of changes in equity and Company statement of changes in equity.
The translation reserve comprises all foreign exchange differences arising from the translation of foreign operations, as well as from the translation of liabilities that hedge the Company's net investment in foreign subsidiaries.
The merger reserve has arisen under Section 612 Companies Act 2006 and is a non-distributable reserve.
|Number of ordinary shares|
|In issue at 1 April||116,174,086||108,684,180|
|In issue at 31 March — fully paid||116,747,887||116,174,086|
On 1 October 2015 the Company issued 29,350 shares for £0.03m as part consideration of the acquisition of Kuhlmann (see note 30).
The total number of shares issued during the year was 573,801 for a consideration of £0.21m (2015: 7,489,906 shares for £2.86m). Excluding the Kuhlmann acquisition, this was settled in cash.
|Allotted, called up and fully paid|
|Ordinary shares of 5p each||5,837||5,809|
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.
During the year the following dividends were recognised and paid by the Group:
|Final paid 2015 — 1.50p (2014: 1.00p) per qualifying ordinary share||697||1,135|
|Interim paid 2015 — 0.60p (2014: 0.40p) per qualifying ordinary share||1,743||434|
After the balance sheet date a final dividend of 2.00p per qualifying ordinary share (2015: 1.50p) was proposed by the Directors and an interim dividend of 0.80p (2015: 0.60p) was paid in April 2016.
|Final proposed 2016 — 2.00p (2015: 1.50p) per qualifying ordinary share||2,335||1,743|
|Interim paid 2016 — 0.80p (2015: 0.60p) per qualifying ordinary share||934||697|
Subject to Shareholder approval at the Annual General Meeting which is to be held on 27 July 2016, the final dividend will be paid on 14 October 2016 to members on the register at the close of business on 16 September 2016. The ordinary shares will become ex-dividend on 15 September 2016.