|Group and Company||Number||Ordinary shares|
of 10p each
|Share capital authorised|
|At 1 May 2012 and 30 April 2013||40,000,000||4,000||–|
|Share capital issued and fully paid|
|At 1 May 2012||29,011,408||2,901||32,667|
|Issued under share option schemes||195,717||20||739|
|At 30 April 2013||29,207,125||2,921||33,406|
|Number of shares issuable under outstanding options||1,242,282||1,593,223|
195,717 (2012: 65,619) ordinary shares of 10p were issued as a result of exercises under the Consort Savings Related Share Option Scheme for total consideration of £758,124 (2012: £288,343).
The Group purchases its own shares using an Employee Share Ownership Trust (ESOT) to satisfy entitlements under the Group's Long-Term Incentive Plan. The cost of the shares held by the ESOT is deducted from retained earnings. The ESOT is financed by a repayable-on-demand loan from the Company of £3,472,000 (2012: £2,472,000). As at 30 April 2013 the ESOT held a total of 511,378 ordinary shares (2012: 419,564 shares) at a cost of £2,829,502 (2012: £1,998,716) and market value of £4,091,024 (2012: £2,781,709).