Vodafone 2002 Annual Report Download - page 144

Vodafone Group Plc Annual Report & Accounts and Form 20-F Additional Information for Shareholders142
Additional Information for Shareholders
Related Party Transactions
During the year ended 31 March 2002, and as of 24 May 2002, neither any
director nor any other executive officer, nor any associate of any director or any
other executive officer, was indebted to the Company, except as disclosed under
“Board’s Report to Shareholders on Directors’ Remuneration – Directors’
interests in the shares of the Company – Beneficial interests”above.
Since 1 April 2001, the Company has not been, and is not now, a party to any
other material transactions, or proposed transactions, in which any member of
the key management personnel (including directors, any other executive officer,
senior manager, any spouse or relative of any of the foregoing, or any relative of
such spouse), had or was to have a direct or indirect material interest.
Transactions with joint ventures and associated undertakings of the Group are
regularly entered into by the Company and its subsidiaries. Information regarding
the value of transactions and loans with joint ventures and associated
undertakings is provided in the Notes to the Consolidated Financial Statements
in this Annual Report.
Share Price History
Upon flotation of the Company on 11 October 1988 the ordinary shares were
valued at 170p each. On 16 September 1991, when the Company was finally
demerged, for UK taxpayers the base cost of Racal Electronics Plc shares was
apportioned between the Company and Racal Electronics Plc for Capital Gains
Tax purposes in the ratio of 80.036% and 19.964% respectively. Opening share
prices on 16 September 1991 were 332p for each Vodafone share and 223p for
each Racal share.
On 21 July 1994 the Company effected a bonus issue of two new shares for
every one then held and on 30 September 1999 it effected a bonus issue of four
new shares for every one held at that date. The flotation and demerger share
prices, therefore, may be restated as 11.333p and 22.133p respectively.
The share price at 31 March 2002 was 129.75p (31 March 2001:193.0p).
The share price on 24 May was 113.0p.
The following tables set out, for the periods indicated, (i) the reported high and low
middle market quotations of ordinary shares on the London Stock Exchange, (ii)
the reported high and low sales prices of ordinary shares on the Frankfurt Stock
Exchange, and (iii) the reported high and low sales prices of ADSs on the NYSE.
Five year data on an annual basis
London Stock Frankfurt
Exchange Stock Exchange* NYSE
Pounds per Euros per Dollars
ordinary share ordinary share per ADS
Financial Year High Low High Low High Low
1997/1998 1.25 0.53 ––20.77 8.67
1998/1999 2.45 1.11 ––39.52 19.15
1999/2000 3.99 2.13 ––63.06 34.11
2000/2001 3.56 1.82 5.82 2.87 56.63 26.01
2001/2002 2.29 1.24 3.70 2.00 33.26 17.88
*The Company’s ordinary shares have been traded on the Frankfurt Stock
Exchange since 3 April 2000 and therefore information has not been provided for
prior periods.
Two year data on a quarterly basis
London Stock Frankfurt
Exchange Stock Exchange NYSE
Pounds per Euros per Dollars
ordinary share ordinary share per ADS
Financial Year High Low High Low High Low
2000/2001
First Quarter 3.56 2.42 5.82 4.14 56.63 36.31
Second Quarter 3.20 2.36 5.13 3.95 48.31 34.06
Third Quarter 2.87 2.32 4.94 3.79 42.56 34.00
Fourth Quarter 2.47 1.82 3.97 2.87 36.69 26.01
2001/2002
First Quarter 2.29 1.46 3.70 2.43 33.26 20.56
Second Quarter 1.68 1.24 2.80 2.00 23.50 18.25
Third Quarter 1.93 1.47 3.13 2.38 27.58 21.80
Fourth Quarter 1.84 1.26 3.02 2.09 26.69 17.88
2002/2003
First Quarter* 1.31 0.95 2.15 1.52 18.80 13.85
*covering period up to 24 May 2002.
Six month data on a monthly basis
London Stock Frankfurt
Exchange Stock Exchange NYSE
Pounds per Euros per Dollars
ordinary share ordinary share per ADS
Financial Year High Low High Low High Low
December 2001 1.93 1.75 3.13 2.83 27.58 24.97
January 2002 1.84 1.50 3.02 2.52 26.69 21.45
February 2002 1.54 1.26 2.56 2.09 21.70 17.88
March 2002 1.46 1.30 2.37 2.12 20.75 18.34
April 2002 1.31 1.07 2.15 1.74 18.80 15.40
May 2002* 1.13 0.95 1.80 1.52 16.36 13.85
*High and low share prices for May 2002 only reported until 24 May 2002.
The current authorised share capital comprises 78,000,000,000 ordinary shares
of $0.10 each and 50,000 7% cumulative fixed rate shares of £1.00 each.
Markets
The principal trading market for the Company’s ordinary shares is the London
Stock Exchange. The Company’s ordinary shares are also listed on the Frankfurt
Stock Exchange.
The Company’s ADSs, each representing ten ordinary shares, are listed on the
New York Stock Exchange. The ADSs are evidenced by American Depositary
Receipts (“ADRs”) issued by The Bank of New York, as Depositary under a
Deposit Agreement, dated as of 12 October 1988 as amended and restated
as of 26 December 1989, as further amended and restated as of 16 September
1991 and as further amended and restated as of 30 June 1999, among
the Company, the Depositary, and the holders from time to time of ADRs
issued thereunder.