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72 BT GROUP PLC ANNUAL REPORT & FORM 20-F
REPORT OF THE DIRECTORS REPORT ON DIRECTORS’ REMUNERATION
Performance graph
This graph illustrates, as required by the Large and Medium-sized
Companies and Groups (Accounts and Reports) Regulations 2008,
the performance of BT Group plc measured by TSR relative to a
broad equity market index over the past five years. We consider the
FTSE 100 to be the most appropriate index against which to
measure performance for these purposes, as BT has been a
constituent of the FTSE 100 throughout the five-year period, and
the index is widely used. TSR is the measure of the returns that a
company has provided for its shareholders, reflecting share price
movements and assuming reinvestment of dividends.
Directors’ interests
The interests of directors holding office at the end of the year, and their families, in the company’s shares at 31 March 2010 and 1 April
2009, or at date of appointment if later, are shown below:
Number of shares
Beneficial holdings 2010 2009
Sir Michael Rake 108,362 102,056
I Livingstona,b 1,084,513 759,108
T Chanmugama,b 205,629 49,249
G Pattersona,b 409,181 252,769
T Ballc15,000 –
C Brendish 41,920 36,920
J E Daniels 12,647 12,647
P Hewitt 10,554 6,534
P Hodkinson 16,683 9,261
C G Symon 20,056 20,056
Total 1,924,545 1,248,600
aIncludes free shares awarded under the BT Group Employee Share Investment Plan.
bThe executive directors decided to receive their annual bonuses for 2008/09 in shares. On 1 June 2009, 224,385 shares were purchased for Ian Livingston, 67,097 shares were purchased for
Tony Chanmugam and 105,592 shares were purchased for Gavin Patterson.
cTony Ball was appointed as a director on 16 July 2009.
During the period from 1 April 2010 to 7 May 2010, there were no movements in directors’ beneficial holdings.
The directors, as a group, beneficially own less than 1% of the company’s shares.
2005 2006 2007 2008 2009 2010
BT’s total shareholder return (TSR) performance
over the five financial years to 31 March 2010
0
50
100
150
200
BT
FTSE 100
31 March 2005 = 100 Source: Datastream