BT 2004 Annual Report Download - page 144

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Demerger of mmO
2
– capital gains tax calculation
The confirmed official opening prices for BT Group and mmO
2
shares on 19 November 2001 following the
demerger were 285.75p and 82.75p, respectively. This means that, of the total (combined) value of 368.50p,
77.544% is attributable to BT Group and 22.456% to mmO
2
. Accordingly, for CGT calculations, the base cost
of your BT Group shares and mmO
2
shares is calculated by multiplying the acquisition cost of your
BT shareholding by 77.544% and 22.456%, respectively.
Analysis of shareholdings Ordinary shares
of 5p each
Range
Number of
holdings
Percentage
of total
Number of shares
held
(millions)
Percentage
of total
1–399 659,504 41.1 139 1.6
400 – 799 466,739 29.1 259 3.0
800 – 1,599 290,728 18.1 323 3.7
1,600 – 9,999 180,231 11.3 513 5.9
10,000 – 99,999 5,468 0.3 111 1.3
100,000 – 999,999 968 0.1 359 4.2
1,000,000 – 4,999,999 398 0.0 888 10.3
5,000,000 and above
a,b,c,d
229 0.0 6,042 70.0
Total 1,604,265 100.0 8,634 100.0
a
31 million shares were held in trust by Ilford Trustees (Jersey) Limited for allocation to employees under the employee share plans.
b
Under the BT Employee Share Ownership Scheme and the BT Group Employee Share Investment Plan, 7 million and 39 million shares respectively were
held in trust on behalf of 105,657 and 89,129 participants respectively who were beneficially entitled to the shares. 137 million shares were held in the
corporate nominee BT Group EasyShare on behalf of 124,279 beneficial owners.
c
208 million shares were represented by ADSs. Analysis by size of holding is not available for this holding.
d
14.3% of the shares were in 1,572,571 individual holdings, of which 135,432 were joint holdings, and 85.7% of the shares were in 31,694
institutional holdings.
So far as the company is aware, the company is not directly or indirectly owned or controlled by another
corporation or by the UK Government or any other foreign government or by any other natural or legal person
severally or jointly. There are no arrangements known to the company the operation of which may at
a subsequent date result in a change in control of the company.
At 14 May 2004, there were 8,590,507,813 ordinary shares outstanding and 44,121,225 shares were held
as treasury shares. At the same date, approximately 21.2 million ADSs (equivalent to 212 million ordinary
shares, or approximately 2.5% of the total number of ordinary shares outstanding on that date) were outstanding
and were held by 2,461 record holders of ADRs. At 31 March 2004, there were 3,577 shareholders with a US
address on the register of shareholders.
Dividends
Since shortly after its incorporation in 1984, British Telecommunications plc paid interim dividends annually
in February and final dividends in September. However, as part of BT’s debt reduction and restructuring plans,
neither a final dividend for the year ended 31 March 2001 nor an interim dividend for the year ended 31 March
2002 was paid to shareholders.
A final dividend in respect of the year ended 31 March 2003, was paid on 8 September 2003 to shareholders
on the register on 8 August 2003, and an interim dividend in respect of the year ended 31 March 2004 was paid
on 9 February 2004 to shareholders on the register on 30 December 2003.
The dividends paid or payable on BT shares and ADSs for the last five years are shown in the following table.
The dividends on the ordinary shares exclude the associated tax credit. The amounts shown are not those that
were actually paid to holders of ADSs. For the tax treatment of dividends paid on or after 6 April 1999 see
Taxation of dividends below. The dividends on the ADSs paid before 5 April 1999 include the associated UK
tax credit available to certain beneficial owners who are resident in the United States or Canada for tax purposes,
but before deduction of UK withholding taxes. Dividends have been translated from pounds sterling into
US dollars using exchange rates prevailing on the date the ordinary dividends were paid.
BT Annual Report and Form 20-F 2004143 Additional information for shareholders