Notes contentsNotes to the company financial statements


7. Share capital and share premium


  Number of
shares
000s
Ordinary
shares
£m
Share
premium
£m
At 1 January 2007 806,109 202 2,487
Issue of shares — share option schemes 1,919 12
At 31 December 2007 808,028 202 2,499
Issue of shares — share option schemes 1,248 6
At 31 December 2008 809,276 202 2,505

The total authorised number of ordinary shares is 1,198m shares (2007: 1,194m shares) with a par value of 25p per share (2007: 25p per share). All issued shares are fully paid. All shares have the same rights.