Virgin Media 2007 Annual Report Download - page 46

Total Returns
January 13, December 31, December 31, December 31, December 31, December 31,
2003 2003 2004 2005 2006 2007
Virgin Media(1) .... 100 354.42 370.73 345.93 321.26 219.43
S&P 500.......... 100 122.16 135.46 142.11 164.56 173.60
Peer Group ....... 100 119.84 122.24 98.21 153.68 103.45
(1) Share prices from January 13, 2003 through March 3, 2006 reflect the historic prices of the
common stock of NTL Incorporated prior to its merger into a subsidiary of Telewest Global, Inc.,
in a transaction that was accounted for as a reverse acquisition. The new holding company,
Telewest Global, Inc., changed its name to NTL Incorporated on March 3, 2006. From March 6,
2006, share prices reflect the market price for that company, which was renamed Virgin Media Inc.
on February 6, 2007.
(b) Not applicable.
(c) Purchases of Equity Securities by the Issuer
(d)
Maximum Number
(c) (or Approximate
Total Number of Dollar Value of
(a) (b) Shares (or Units) Shares (or Units)
Total Number of Average Price Purchased as Part of That May Yet Be
Shares (or Units) Paid per Share Publicly Announced Purchased Under the
Period Purchased(1) (or Unit)(2) Plans or Programs Plans or Programs
January 1–January 31, 2007 .... 53,063 $25.30 — $—
March 1–March 31, 2007 ...... 93,366 25.09 —
April 1–April 30, 2007 ........ 54,748 25.49 —
Total .................... 201,177 25.25 —
(1) In March, 2007, we adopted a net issuance policy to permit the net issuance of restricted stock to,
and the net issuance exercise of our stock options by, a director or employee in specified
circumstances. In a net issuance transaction, we withhold sufficient shares to satisfy the withholding
taxes triggered upon the vesting of restricted stock or to satisfy the payment of the exercise price
for options. This type of transaction is treated for accounting purposes effectively as the purchase
of stock by the Company and an immediate cancellation of treasury stock.
(2) Based on the mid-market share price of our common stock on the date of the net issuance
transaction.
Item 6. Selected Financial Data
The selected consolidated financial information presented below should be read in conjunction
with the consolidated financial statements and notes thereto and the information contained in our
Management’s Discussion and Analysis of Financial Condition and Results of Operations appearing
elsewhere in this annual report. Historical results are not necessarily indicative of future results.
On July 4, 2006, we acquired 100% of the outstanding shares and options of Virgin Mobile
through a U.K. Scheme of Arrangement. Virgin Mobile is the largest mobile virtual network operator
in the U.K., with approximately 4.5 million customers.
On March 3, 2006, NTL merged with a subsidiary of Telewest, which changed its name to NTL
Incorporated. Because this transaction was accounted for as a reverse acquisition, the financial
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