BT 1998 Annual Report Download - page 84

Download and view the complete annual report

Please find page 84 of the 1998 BT 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 87

  • 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

Ordinary shares
Analysis of shareholdings of 25p each
Size of shareholding Number of
Number of Percentage shares held Percentage
AT 3 1 M A R C H 19 9 8 shareholders of total (millions) of total
00000000001!!!0111!!!0111!!!0111!!!0111
1 – 399 912,968 44.7 198 3.1
400 – 799 596,978 29.3 322 5.0
800 – 1,599 358,289 17.6 392 6.1
1,600 – 9,999 166,091 8.1 439 6.9
10,000 – 99,999 3,645 0.2 91 1.4
100,000 – 999,999 1,405 0.1 502 7.8
1,000,000 – 4,999,999 429 0.0 934 14.6
5,000,000 and above (a)(b)(c) 172 0.0 3,533 55.1
00000000001!!!0111!!!0111!!!0111!!!0111
Total 2,039,977 100.0 6,411 100.0(d)
00000000001!!!0111!!!0111!!!0111!!!0111
(a) Under the BT Long Term Remuneration Plan and the BT Performance Share Plan 10 million shares were held in trust in respect
of contingent awards of shares which have been granted to 870 participants in the two plans.
(b) Under the BT Employee Share Ownership Scheme 30 million shares were held in trust on behalf of 131,870 participants
who were beneficially entitled to the shares.
(c) Approximately 110 million shares were represented by American Depositary Receipts and a further 12 million shares
were held by a nominee of the Tokyo Stock Exchange on behalf of investors. Analysis by size of holding is not available
for these holdings.
(d) 20.4% of the shares were in 1,996,319 individual holdings, of which 179,249 were joint holdings, and 79.6% of the
shares were in 43,658 institutional holdings.
Listings
BT has a listing on the Stock Exchanges in London, New York and Tokyo.
BT shares are traded on the New York Stock Exchange in the form of American Depositary Shares (ADSs). Each ADS
represents ten ordinary shares. Trading on the New York Stock Exchange is under the symbol ‘‘BTY’’.
In Japan, BT shares are traded on the Tokyo Stock Exchange under the code ‘‘9484’’.
CREST: London Stock Exchange settlement system
The company’s ordinary shares are settled in CREST, the computerised system for settling sales and purchases of shares.
CREST is a voluntary system which enables shareholders, if they wish, to hold and transfer their shareholdings electronically
rather than by paper. Shareholders who wish to retain their certificates are able to do so.
Additional information for shareholders