BT 2004 Annual Report Download - page 143

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Listings
The principal listing of BT Group’s ordinary shares is on the London Stock Exchange. American Depositary Shares
(ADSs), each representing 10 ordinary shares, have been issued by JPMorgan Chase Bank, as Depositary for the
American Depositary Receipts (ADRs) evidencing the ADSs, and are listed on the New York Stock Exchange.
ADSs also trade, but are not listed, on the London Stock Exchange. Trading on the New York Stock Exchange is
under the symbol ‘‘BTY’’.
Share and ADS prices
a
Pence per
ordinary share
US$ per
ADS
High
pence
Low
pence
High
$
Low
$
Years ended 31 March
2000 1,060.88 623.35 183.04 110.52
2001 821.78 328.85 139.25 51.47
2002 420.71 215.75 67.19 30.60
2003 286.25 141.00 41.95 23.16
2004 206.75 162.00 34.97 25.65
Year ended 31 March 2003
1 April – 30 June 2002 286.25 241.00 41.95 36.05
1 July – 30 September 2002 255.00 154.00 39.62 24.80
1 October – 31 December 2002 219.00 154.00 35.19 24.30
1 January – 31 March 2003 209.00 141.00 33.65 23.16
Year ended 31 March 2004
1 April – 30 June 2003 206.00 162.00 34.97 25.65
1 July – 30 September 2003 206.75 180.00 33.70 28.90
1 October – 31 December 2003 190.50 171.25 34.22 29.76
1 January – 31 March 2004 189.75 173.25 34.80 32.40
Month
November 2003 188.75 171.25 32.04 29.76
December 2003 188.25 171.75 34.22 30.17
January 2004 189.75 175.75 34.80 32.40
February 2004 182.00 173.25 34.60 32.70
March 2004 185.00 177.00 34.14 32.69
April 2004 181.75 177.00 33.48 32.00
May 2004 179.50 172.00 32.44 30.53
a
The pre-19 November 2001 prices shown have been adjusted for the rights issue and demerger that occurred in the 2002 financial year.
The prices are the highest and lowest closing middle market prices for BT ordinary shares, as derived from the
Daily Official 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 affect 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 affect the market price of the ADSs on the New York Stock Exchange.
Capital gains tax (CGT)
The rights issue in June 2001 and the demerger of mmO
2
in November 2001 adjusted the value for capital gains
tax purposes of BT shares.
Rights issue
An explanatory note on the effects of the rights issue on the CGT position relating to BT shareholdings is
available from the Shareholder Helpline (see page 153).
BT Annual Report and Form 20-F 2004142 Additional information for shareholders