Notes to the consolidated financial statements continued For the year ended 30 June 2025
28. Other non-current liabilities
30. Share capital and share premium account The movements in share capital and share premium during the financial year were as follows:
2025 £’000
2024 £’000
Share premium account £’000
587 392 456
At 1 July
783 128
Exercise price £
Share capital £’000
National insurance liability in respect of share option awards Liability in respect of retention payments to ex-BMI employees
Number of shares 16,399,663
Total £’000 81,994
–
(391)
Transfer to current liabilities
(324)
At 1 July 2023
164
81,830
At 30 June
1,044
587
Shares issued: • on exercise of options • to SAYE Scheme • of consideration for
8,554
13.81 – 17.25
–
135 545
135 546
Other non-current liabilities include employer’s National Insurance contributions arising from share option awards under the Long-Term Incentive Scheme (“LTIS”) and Long-Term Incentive Plan (“LTIP”) schemes. During the financial year, a liability was recognised of £392,000 (2024: £128,000) in respect of awards granted during the financial year, which are expected to vest in the future. During the financial year, an amount of £391,000 (2024: £324,000) was transferred to current liabilities, reflecting awards that are expected to vest within the next 12 months. At 30 June 2025, the non-current liability for employer’s National Insurance contributions arising from share option awards under the LTIS and LTIP schemes was £588,000 (2024: £587,000). 29. Trade and other payables
35,488 11.72 – 19.88
1
business combinations
28,748 19.00 – 21.74
–
625
625
At 30 June 2024
16,472,453
165
83,135 83,300
Shares issued: • on exercise of options • to SAYE Scheme • of consideration for
699
17.70
– –
16
16
4,714 14.34 – 19.88
130
130
business combinations
42,673 16.41 – 16.61
–
706
706
(464,000)
– –
(5)
–
(5)
Shares cancelled on buybacks
At 30 June 2025
16,056,539
160 83,987
84,147
2025 £’000 7,959 1,763 2,295 19,277 31,294
2024 £’000 3,728 2,767
The total number of ordinary shares issued and fully paid at 30 June 2025 was 16,056,539 (2024: 16,472,453) with a par value of 1p per share. There was £852,000 of share capital issued on exercise of options as well as to Employee Save As You Earn (“SAYE”) Scheme members and as consideration for acquisitions in the year ended 30 June 2025 (2024: £1,306,000). On 28 January 2025, the Group announced the commencement of a share buyback programme in respect of its shares having an aggregate value of up to £10 million. The shares are being purchased in the open market and upon cancellation, the par value is transferred from the share capital to the capital redemption reserve (within other reserves, refer to note 31). During the period from announcement to 30 June 2025, the Group has repurchased 464,000 shares for a total consideration of £6,970,000. The par value of share capital of £4,640 for these repurchases has transferred to the capital redemption reserve and the remaining amounts have reduced retained earnings by £6,966,000. At the date of signing this report, a further 74,000 shares were purchased and cancelled, for additional total consideration of £1,178,000. The Board will continue to deploy the remainder of the £10 million buyback in due course.
Trade payables
Other taxes and social security
Other payables
–
Accruals and deferred income Total trade and other payables
21,394 27,889
Included within accruals and deferred income is an accrual of £391,000 (2024: £324,000) in respect of employer’s National Insurance contributions arising from share option awards under the LTIS. Other payables includes the current portion of the liability in respect of retention payments to ex-BMI employees.
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Brooks Macdonald Group plc Annual Report and Accounts 2025
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