BT 2014 Annual Report Download - page 198

195
Additional information
Additional information
Dividends
A nal dividend in respect of the year ended 31 March 2013 was paid on 2 September 2013 to shareholders on the register on 9 August 2013,
and an interim dividend in respect of the year ended 31 March 2014 was paid on 3 February 2014 to shareholders on the register on 27 December
2013. The nal proposed dividend in respect of the year ended 31 March 2014, if approved by shareholders, will be paid on 8 September 2014 to
shareholders on the register on 15 August 2014.
The dividends paid or payable on BT shares and ADSs for the last ve nancial 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, see Taxation of dividends on page 200. Dividends have been translated from Sterling into US Dollars using exchange rates prevailing
on the date the ordinary dividends were paid.
Per ordinary share Per ADS Per ADS
Financial years ended 31 March
Interim
pence
Final
pence
Total
pence
Interim
£
Final
£
Total
£
Interim
US$
Final
US$
Total
US$
2010 2.30 4.60 6.90 0.230 0.460 0.690 0.339 0.684 1.023
2011 2.40 5.00 7.40 0.240 0.500 0.740 0.366 0.777 1.143
2012 2.60 5.70 8.30 0.260 0.570 0.830 0.390 0.885 1.275
2013 3.00 6.50 9.50 0.300 0.650 0.950 0.451 0.994 1.445
2014 3.40 7.50 10.9 0.340 0.750 1.090 0.534 –a–a
a 4ualifying holders of ADSs on record as of 15 August 2014 are entitled to receive the Ƭnal dividend which will be paid to ADS holders on 16 September 2014, subject to approval at the AGM. The 8S{Dollar
amount of the Ƭnal dividend of 75 pence per ADS to be paid to holders of ADSs will be based on the exchange rate in eƪect on 8 September 2014, the date of payment to holders
of ordinary{shares.
As dividends paid by the company are in Sterling, exchange rate uctuations will aect the US Dollar amounts received by holders of ADSs on
conversion by the Depositary of such cash dividends.
Dividend mandate
Any shareholder wishing dividends to be paid directly into a bank or building society account should contact the Shareholder Helpline (see page202),
or go to the Shareholder information page of our website at www.bt.com/investorcentre
Dividends paid in this way will be paid through the Bankers Automated Clearing System (BACS).
Share buyback
Calendar montha
Total number
of shares
purchased
Average price paid
per share (pence –
net of dealing costs)
Total number of shares
purchased as part of
publicly announced
plans or programmes
Maximum number
of shares yet to be
purchased under the
AGM authorityb
April 2013 nil n/a nil 687,156,040
May 22,000,000 306 22,000,000 665,156,040
June 2,500,000 305 2,500,000 662,656,040
July 4,070,000 336 4,070,000 783,930,000
August 14,682,400 333 14,682,400 769,247,600
September 4,000,000 343 4,000,000 765,247,600
October nil n/a nil 765,247,600
November 17,193,200 377 17,193,200 748,054,400
December 3,000,000 369 3,000,000 745,054,400
January 2014 nil n/a nil 745,054,400
February 14,269,100 389 14,269,100 730,785,300
March 4,351,000 397 4,351,000 726,434,300
86,065,700 348 86,065,700 726,434,300
a Purchases made from 1 April 2013 to 17 July 2013 were made in accordance with a resolution passed at the AGM held on 11 July 2012. Own share purchases by BT from 18 July 2013 to 31 March
2014 were made in accordance with a resolution passed at the AGM on 17 July 2013.
b Authority was given to purchase up to 778m shares on 11 July 2012 and 783m shares on 17 July 2013. These authorities expire at the close of the following AGM.
A total of 86m own shares were purchased during 2013/14. Of these, 27m shares were purchased for a total consideration of £98m (6m shares for
a consideration of £21m under the authority given at the 2012 AGM and 21m shares for a consideration of £77m under the authority given at the
2013 AGM), and 59m shares were purchased by the BT Group Employee Share Ownership Trust for a consideration of £204m. Please see note 20 to
the consolidated nancial statements for further details.