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Notes to the financial statements year ended 31 March 2010

29. Own shares reserve

Number
('000)
£000
Balance at 1 April 2008 2,417 29,586
Issued from the employee benefit trust (307) (2,063)
Balance at 1 April 2009 2,110 27,523
Issued from the employee benefit trust (298) (2,565)
Balance at 31 March 2010 1,812 24,958

The own shares reserve represents the cost of shares in HomeServe plc purchased in the market and held by the HomeServe plc Employee Benefit Trust. The shares are held to satisfy obligations under the Group's share options schemes and are recognised at cost.