BT 2005 Annual Report Download - page 130

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Additional information for shareholders BT Group plc Annual Report and Form 20-F 2005 129
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
‘BT’.
Share and ADS prices
a
Pence per
ordinary share
US$ per
ADS
High
pence
Low
pence
High
$
Low
$
Years ended 31 March
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
2005 216.25 169.25 40.93 30.34
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
Year ended 31 March 2005
1 April – 30 June 2004 198.50 169.25 36.60 30.34
1 July – 30 September 2004 197.50 177.50 36.80 32.66
1 October – 31 December 2004 206.00 180.50 40.07 32.61
1 January – 31 March 2005 216.25 196.50 40.93 37.71
Month
November 2004 199.25 185.50 37.40 34.37
December 2004 206.00 196.50 40.07 38.22
January 2005 213.75 204.25 40.00 38.57
February 2005 216.25 203.50 40.93 38.59
March 2005 210.75 196.50 40.82 37.71
April 2005 209.50 196.50 39.51 37.85
1 May to 13 May 2005 202.25 197.25 38.75 36.83
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 closing 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 O2 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 139).
Demerger of O2 – capital gains tax calculation
The confirmed official opening prices for BT Group and O2 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 O2. Accordingly, for CGT calculations, the base cost of BT Group shares and O2 shares is
calculated by multiplying the acquisition cost of a BT shareholding by 77.544% and 22.456%, respectively.