BT 2006 Annual Report Download - page 139

SHAREGIFT
The Orr Mackintosh Foundation operates a charity share donation scheme for shareholders with small parcels of shares whose value
makes it uneconomic to sell them. Details of the scheme are available from ShareGift at www.sharegift.org or telephone
020 7828 1151, or can be obtained from the Shareholder Helpline.
UNCLAIMED ASSETS REGISTER
BT is among a growing number of companies which subscribe to the Unclaimed Assets Register, which provides a search facility for
financial assets, such as shareholdings and dividends which have become separated from their owners. The Register donates a
proportion of its public search fees to charity via ShareGift. For further information on the Unclaimed Assets Register, visit
www.uar.co.uk or telephone [phone].
EXCHANGE RATES
BT publishes its consolidated financial statements expressed in pounds sterling. The following tables detail certain information
concerning the exchange rates between pounds sterling and US dollars based on the noon buying rate in New York City for cable
transfers in pounds sterling as certified for customs purposes by the Federal Reserve Bank of New York (the Noon Buying Rate).
Year ended 31 March 2002 2003 2004 2005 2006
Period end 1.43 1.57 1.84 1.89 1.74
Average
a
1.43 1.55 1.71 1.85 1.78
High 1.48 1.65 1.90 1.95 1.92
Low 1.37 1.43 1.55 1.75 1.71
aThe average of the Noon Buying Rates in effect on the last day of each month during the relevant period.
Month
November
2005
December
2005
January
2006
February
2006
March
2006
April
2006
High 1.78 1.77 1.79 1.78 1.76 1.80
Low 1.71 1.72 1.74 1.73 1.73 1.74
On 12 May 2006, the most recent practicable date for this annual report, the Noon Buying Rate was US$1.89 to £1.00.
SHARE BUY BACK
The following table gives details of the purchase by BT of its own shares during the 2006 financial year.
Calendar month
a
Total number of
shares purchased
Average price paid per
share (pence – net of
dealing costs)
Total number of
shares purchased as part
of publicly announced
plans or programmes
Maximum number of
shares that may yet be
purchased under the
plans or programmes
b
April 2005 Nil N/A Nil 774,250,000
May 500,000 213 500,000 773,750,000
June 11,250,000 220 11,250,000 762,500,000
July Nil N/A Nil 850,000,000
c
August 24,000,000 220 24,000,000 826,000,000
September 19,500,000 221 9,500,000 806,500,000
October 6,500,000 221 6,500,000 800,000,000
November 22,772,145 210 22,772,145 777,227,855
December 28,500,000 218 28,500,000 748,727,855
January 2006 2,500,000 219 2,500,000 746,227,855
February 27,950,000 211 27,950,000 718,277,855
March 22,300,000 222 22,300,000 695,977,855
Total 165,772,145 217.5 165,772,145 695,977,855
aPurchases from April to June 2005 were made in accordance with a resolution passed at the AGM held on 14 July 2004. Purchases from August 2005 to March 2006 were made in accordance with
a resolution passed at the AGM on 13 July 2005.
bThere are no plans or programmes BT has determined to terminate prior to expiration, or under which BT does not intend to make further purchases.
cAuthority was given to purchase up to 859 million shares on 14 July 2004 and 850 million shares on 13 July 2005. These authorities expire at the close of the following AGM, or 15 months
following the date of approval if earlier. The authority given in July 2004 expired on 13 July 2005.
MEMORANDUM AND ARTICLES OF ASSOCIATION
The following is a summary of the principal provisions of BT’s memorandum and articles of association (‘Memorandum’ and
‘Articles’), a copy of which has been filed with the Registrar of Companies.
Memorandum
The Memorandum provides that the company’s principal objects are, among other things, to carry on any business of running,
operating, managing and supplying telecommunication systems and systems of any kind for conveying, receiving, storing,
processing or transmitting sounds, visual images, signals, messages and communications of any kind.
Additional information for shareholders BT Group plc Annual Report and Form 20-F 2006 137