This excerpt taken from the ICI 6-K filed Mar 21, 2007.
Resolution 13: Share Capital Authority to allot shares
Resolution 13 is to give the Directors the continued authority to allot unissued shares in the capital of the Company, with a total nominal value of up to £205,281,345 (which represents approximately 17% of the issued share capital of the Company). This authority is intended to last until the Annual General Meeting in 2008, it being the intention to renew it at that, and each subsequent, Annual General Meeting. The Directors have no present intention to issue any shares under the authority being sought, except in connection with the Companys existing employee share schemes or the possible use of Treasury Shares. The Company did not hold any shares as Treasury Shares at 23 February 2007.