BT 2006 Annual Report Download - page 138

Download and view the complete annual report

Please find page 138 of the 2006 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 150

  • 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
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150

DIVIDEND INVESTMENT PLAN
The Dividend investment plan replaced the share dividend plan for shareholders following the 1999 interim dividend. Under the
Dividend investment plan, cash from participants’ dividends is used to buy further BT shares in the market.
Shareholders could elect to receive additional shares in lieu of a cash dividend for the following dividends:
Date paid Price per share pence
2001 interim 12 February 2001 621.80
2002 final 9 September 2002 191.19
2003 interim 10 February 2003 178.23
2003 final 8 September 2003 184.41
2004 interim 9 February 2004 175.98
2004 final 6 September 2004 183.69
2005 interim 7 February 2005 209.95
2005 final 5 September 2005 220.25
2006 interim 13 February 2006 214.50
GLOBAL INVEST DIRECT
Details of the direct purchase plan run by the ADR Depositary, JPMorgan Chase Bank, Global Invest Direct, including reinvestment
of dividends, are available from JPMorgan Chase Bank on +1 800 634 8366 (toll free within the USA) or +1 201 680 6630 (from
outside the USA), or on written request to the ADR Depositary.
TOTAL SHAREHOLDER RETURN
Total Shareholder Return (TSR) is the measure of the returns that a company has provided for its shareholders, reflecting share
price movements and assuming reinvestment of dividends. It is therefore, a good indicator of a company’s overall performance.
Over the last five years (as shown in the first TSR chart below), BT’s TSR (as adjusted for the rights issue and demerger) was
negative 25% compared to a FTSE 100 TSR of positive 25%. This was primarily due to a fall in BT’s share price which, like many
stocks in the telecoms, media and technology (TMT) sector, declined in the early part of the period.
In the period between the demerger on 19 November 2001 and 31 March 2006, BT’s TSR was negative 6%, compared to
negative 15% for the FTSEurofirst 300 Telco Index and positive 31% for the FTSE 100. BT has also outperformed the FTSEurofirst
300 Telco Index in the last 12 months with a return of 13.4% compared to 1.6% for that index.
31 Mar
2001
140
120
100
80
60
40
20
0
31 Mar
2002
31 Mar
2003
31 Mar
2004
31 Mar
2005
31 Mar
2006
BT’s total shareholder return (TSR) performance vs the FTSE 100
over the five financial years to 31 March 2006
1 April 2001 = 100 Source: Datastream
The graph shows the relative TSR performance (adjusted for the rights issue and demerger
of our mobile business in the 2002 financial
y
ear
)
of BT and the FTSE 100.
BT FTSE 100
19
Nov
2001
125
100
75
50
25
0
31
Mar
2002
31
Mar
2003
31
Mar
2004
31
Mar
2005
31
Mar
2006
BT’s TSR performance vs the FTSEurofirst 300 Telco Index
since demerger
19 November 2001 = 100 Source: Datastream
The graph shows the relative TSR performance of BT and the FTSEurofirst 300 Telco Index
since demer
g
er.
BT FTSEurofirst 300 Telco
RESULTS ANNOUNCEMENTS
Expected announcements of results:
1st quarter 27 July 2006
2nd quarter and half year 9 November 2006
3rd quarter and nine months February 2007
4th quarter and full year May 2007
2007 annual report and accounts published June 2007
INDIVIDUAL SAVINGS ACCOUNTS (ISAs)
Information about investing in BT shares through an ISA may be obtained from Halifax Share Dealing Limited, Trinity Road,
Halifax, W.Yorkshire HX1 2RG (telephone 0870 242 5588). ISAs are also offered by other organisations.
BT Group plc Annual Report and Form 20-F 2006 Additional information for shareholders136