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Notes to the Financial Statements
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39 The economic interest in the shares at 31 March 2009 was represented by the following significant shareholders: Audley Capital Management Limited 9,109,911 29.259% Capital Group International Inc 2,570,054 8.270% Steve Barlow 1,951,927 6.269% Toscafund Asset Management 2,547,616 8.182% Capital Research and Management Co 1,596,600 5.128% New Star Asset Management 1,555,348 4.995% M&G Investment Management 1,400,000 4.496% 20.2 Share premium At the 2008 Annual General Meeting, shareholders approved the transfer from Share Premium to retained earnings of c38,145k. 20.3 Capital management policies and procedures The Group’s capital management objectives are to ensure its ability to continue as a going concern and to provide an adequate return to shareholders and benefits to other stakeholders by pricing services commensurately with the level of risk, and maintaining an optimal capital structure to reduce the cost of capital. In order to maintain or adjust the capital structure, the company may issue new shares, return capital to shareholders, limit the amount of dividends paid, or sell assets. Total equity employed at 31 December 2008 was c76.6 million (2007: c72.0 million). 21. DIVIDENDS After the balance sheet date the following dividends were proposed by the directors. The dividends have not been provided for and there are no income taxes consequences. Dividends paid from Luxembourg, are however subject to local with-holding taxes of 15%. The withholding tax is payable within eight days of the payment of the dividend. Year ended Year ended 31 December 31 December 2008 2007 c0.20 per qualifying ordinary share (2007: c0.20) 6,227,152 6,227,152