Virgin Media 2007 Annual Report Download - page 44

Download and view the complete annual report

Please find page 44 of the 2007 Virgin Media annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 208

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208

PART II
Item 5. Market for the Registrant’s Common Equity Related Stockholder Matters and Issuer
Purchases of Equity Securities
(a) Market Information
Our shares are traded on the NASDAQ National Market under the symbol ‘‘VMED’’. The
following table sets forth the reported high and low price per share of our common stock on the
NASDAQ National Market for the periods indicated.
Price per Share
High Low
2006
First Quarter to March 3, 2006(1) ..................................... $27.76 $ 25.27
First Quarter from March 6, 2006 ..................................... $29.15 $ 27.00
Second Quarter .................................................. $29.69 $ 22.91
Third Quarter ................................................... $26.90 $ 21.02
Fourth Quarter .................................................. $27.50 $ 23.68
2007
First Quarter .................................................... $28.22 $ 24.14
Second Quarter .................................................. $26.65 $ 22.83
Third Quarter ................................................... $29.39 $ 21.94
Fourth Quarter .................................................. $24.80 $ 17.00
2008
First Quarter (through February 26, 2008) ............................... $16.85 $ 13.35
(1) Restated for the merger with Telewest. On the merger of NTL and Telewest on March 3, 2006,
each stockholder of NTL (now known as Virgin Media Holdings Inc.) received 2.5 shares of stock
and shareholders of Telewest received $16.25 in cash and retained 0.287 shares of the company
now known as Virgin Media Inc. for each share that Telewest held previously.
Holders
As of February 26, 2008, our transfer agent informed us that there were 484 record holders of our
common stock, although there is a much larger number of beneficial owners.
Dividends
We commenced the payment of regular quarterly dividends in June 2006. During the years ended
December 31, 2006 and 2007, we paid the following dividends:
Per Share Total
Board Declaration Date Dividend Record Date Payment Date Amount
(in millions)
Year ended December 31, 2006:
May 18, 2006 ................ $0.01 June 12, 2006 June 20, 2006 £1.6
August 28, 2006 .............. 0.02 September 12, 2006 September 20, 2006 3.5
November 28, 2006 ............ 0.02 December 12, 2006 December 20, 2006 3.4
Year ended December 31, 2007:
February 27, 2007 ............. $0.02 March 12, 2007 March 20, 2007 £3.3
May 16, 2007 ................ 0.03 June 12, 2007 June 20, 2007 5.0
August 15, 2007 .............. 0.04 September 12, 2007 September 20, 2007 6.5
November 27, 2007 ............ 0.04 December 12, 2007 December 20, 2007 6.4
42