BT 2000 Annual Report Download - page 118

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Share and ADS prices
Pence per
ordinary share
US$ per
ADS
High
pence
Low
pence
High
$
Low
$
Year ended 31 March 1999
1 April ± 30 June 1998 757 630 125
7
Ù
16
102
1
Ï/
4
1 July ± 30 September 1998 902 745
1
Ù
2
148
3
Ù
4
124
1
Ù
4
1 October ± 31 December 1998 908 676 154
1
Ù
4
116
3
Ù
8
1 January ± 31 March 1999 1,118
1
Ï/
2
899
1
Ù
2
179
15
Ù
16
148
1
Ù
4
Year ended 31 March 2000
1 April ± 30 June 1999 1,137 970 181
15
Ù
16
159
1 July ± 30 September 1999 1,151 889 184
5
Ù
8
147
5
Ù
8
1 October ± 31 December 1999 1,513 906
1
Ù
2
244
1
Ù
2
153
1 January ± 31 March 2000 1,423 964 241
1
Ù
16
152
1
Ù
2
Year ending 31 March 2001
1 April ± 16 May 2000 1,172 922 186 141
13
Ù
16
The prices are the highest and lowest closing middle market prices for BT ordinary shares, as derived from the Daily
O¤cial List of the London Stock Exchange and the highest and lowest sales prices of ADSs, as reported on the New York
Stock Exchange composite tape.
Fluctuations in the exchange rate between the pound sterling and the US dollar a¡ect the dollar equivalent of the
pound sterling price of the company's ordinary shares on the London Stock Exchange and, as a result, are likely to a¡ect
the market price of the ADSs on the New York Stock Exchange.
Relative TSR performance over the ®ve ®nancial years to 31 March 2000
Total Shareholder Return (TSR) is the measure of the returns that a company has provided for its shareholders, and is
therefore a good indicator of a company's overall performance. The TSR indices on the above graph are the product of
share price movement plus gross dividends reinvested in the shares to July 1997 and net dividends thereafter.
Annual report and Form 20-F 117