BT 2011 Annual Report Download - page 175

172
ADDITIONAL INFORMATION INFORMATION FOR SHAREHOLDERS
UK stamp duty
A transfer of or an agreement to transfer an ordinary share will generally be subject to UK stamp duty or UK stamp duty reserve tax (SDRT) at
0.5% of the amount or value of any consideration provided rounded up (in the case of stamp duty) to the nearest £5. SDRT is generally the
liability of the purchaser. It is customarily also the purchaser who pays UK stamp duty. A transfer of an ordinary share to, or to a nominee for,
a person whose business is or includes the provision of clearance services or to, or to a nominee or agent of, a person whose business is or
includes issuing depositary receipts gives rise to a 1.5% charge to stamp duty or SDRT of either the amount of the consideration provided or
the value of the share issued rounded up (in the case of stamp duty) to the nearest £5. No UK stamp duty will be payable on the transfer of
an ADS (assuming it is not registered in the UK), provided that the transfer documents are executed and always retained outside the UK.
Transfers of ordinary shares into CREST will generally not be subject to stamp duty or SDRT unless such a transfer is made for a consideration
in money or money’s worth, in which case a liability to SDRT will arise, usually at the rate of 0.5% of the value of the consideration. Paperless
transfers of ordinary shares within CREST are generally liable to SDRT at the rate of 0.5% of the value of the consideration. CREST is obliged
to collect SDRT from the purchaser of the shares on relevant transactions settled within the system.
UK inheritance and gift taxes in connection with ordinary shares and/or ADSs
The rules and scope of domicile are complex and action should not be taken without advice specific to the individual’s circumstances. A
lifetime gift or a transfer on death of ordinary shares and/or ADSs by an individual holder, who is US domiciled (for the purposes of the
UK/US Estate and Gift Tax Convention) and who is not a UK national (as defined in the Convention) will not generally be subject to UK
inheritance tax if the gift is subject to US federal gift or US estate tax unless the tax is not paid.
Limitations affecting security holders
There are no government laws, decrees, regulations, or other legislation of the United Kingdom which have a material effect on the import
or export of capital, including the availability of cash and cash equivalents for use by the company except as otherwise described in Taxation
(US Holders).
There are no limitations under the laws of the United Kingdom restricting the right of non-residents to hold or to vote shares in
the company.
Documents on display
All reports and other information that BT files with the US Securities and Exchange Commission (SEC) may be inspected at the SEC’s
public reference facilities at Room 1580, 100 F Street, NE Washington, DC, 20549, US. These reports may be accessed via the SEC’s website
at www.sec.gov
Publications
BT produces a series of reports on the company’s financial, compliance, and social and environmental performance. Most of these reports
(as well as the EAB Annual Report on BT’s compliance with the Undertakings), are available to shareholders on request and can be accessed
at www.bt.com/aboutbt. More detailed disclosures on BT’s implementation of social, ethical and environmental policies and procedures are
available online through our independently verified sustainability report at www.bt.com/sustainabilityreport
Document Publication date
Summary financial statement & Notice of Meeting May
Annual Report & Form 20-F May
Better future: our annual sustainability report May
EAB Annual Report May
Quarterly results releases July, November, February and May
Current Cost Financial Statements July
Statement of Business Practice (The Way We Work)
For printed copies, when available, contact the Shareholder Helpline on Freefone 0808 100 4141 or, alternatively, contact our Registrars in
the UK, at the address on page 173.
Electronic communication
Shareholders can now choose to receive their shareholder documents electronically rather than by post. Shareholders may elect to receive
documents in this way by going to www.bt.com/signup and following the online instructions, or by calling the Shareholder Helpline (see
page 173).
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