RBS 2003 Annual Report Download - page 223

221
Annual Report and Accounts 2003
Shareholder information
Analyses of ordinary shareholders at 31 December 2003 %
shareholdings millions of total
Individuals 169,290 243.3 8.2
Banks and nominee companies 24,177 2,472.1 83.4
Investment trusts 146 0.8 —
Insurance companies 364 27.6 0.9
Other companies 2,539 190.7 6.5
Pension trusts 37 13.9 0.5
Other corporate bodies 103 14.9 0.5
196,656 2,963.3 100.0
Range of shareholdings:
10,000,001–1,000 128,606 45.7 1.5
10,001,001–10,000 62,389 170.9 5.8
10,010,001–100,000 4,339 108.2 3.7
11,100,001–1,000,000 974 308.9 10.4
11,000,001–10,000,000 301 847.8 28.6
10,000,001 and over 47 1,481.8 50.0
196,656 2,963.3 100.0
Trading market
On 22 August 1991, 26 August 1992, 13 September 1995, 16 October 1996, 26 March 1997, 12 February 1998, 8 February 1999, 30
July 1999, 30 September 1999 and 12 June 2001, the company issued the following American Depositary Shares (“ADSs”), each in
connection with a public offering in the United States:
8,000,000 Series B (“Series B ADSs”) representing 8,000,000 non-cumulative dollar preference shares, Series B;
16,000,000 Series C (“Series C ADSs”) representing 16,000,000 non-cumulative dollar preference shares, Series C;
7,000,000 Series D (“Series D ADSs”) representing 7,000,000 non-cumulative dollar preference shares, Series D;
8,000,000 Series E (“Series E ADSs”) representing 8,000,000 non-cumulative dollar preference shares, Series E;
8,000,000 Series F (“Series F ADSs”) representing 8,000,000 non-cumulative dollar preference shares, Series F;
10,000,000 Series G (“Series G ADSs”) representing 10,000,000 non-cumulative dollar preference shares, Series G;
12,000,000 Series H (“Series H ADSs”) representing 12,000,000 non-cumulative dollar preference shares, Series H;
12,000,000 Series I (“Series I ADSs”) representing 12,000,000 non-cumulative dollar preference shares, Series I;
9,000,000 Series J (“Series J ADSs”) representing 9,000,000 non-cumulative dollar preference shares, Series J; and
16,000,000 Series K (“Series K ADSs”) representing 16,000,000 non-cumulative dollar preference shares, Series K.
Each of the respective ADSs represents the right to receive
one corresponding preference share, is evidenced by an
American Depositary Receipt (“ADR”) and is listed on the New
York Stock Exchange (“NYSE”).
The ADRs evidencing the ADSs above were issued pursuant to
Deposit Agreements, among the company, The Bank of New
York as depository, and all holders from time to time of ADRs
issued thereunder. Currently, there is no non-United States
trading market for any of the non-cumulative dollar preference
shares. All of the non-cumulative dollar preference shares are
held by the depository, as custodian, in bearer form.
On 30 January 2003, the company redeemed the 8 million
Series B and 16 million Series C, non-cumulative dollar
preference shares of US$0.01 each.
At 31 December 2003, there were 264 registered shareholders
of Series D ADSs, 147 registered shareholders of Series E
ADSs, 160 registered shareholders of Series F ADSs, 103
registered shareholders of Series G ADSs, 96 registered
shareholders of Series H ADSs, 123 registered shareholders of
Series I ADSs, 74 registered shareholders of Series J ADSs
and 65 registered shareholders of Series K ADSs.
On 29 March 1994 and 23 June 2003, respectively, the
company issued 8,000,000 Exchangeable Capital Securities,
Series A and 34,000,000 Exchangeable Capital Securities,
Series B (together, the “X-CAPs”), each in connection with a
public offering in the United States. The X-CAPs are listed on
the NYSE and trade under the symbol ‘RBSPRX’ and ’RBSPRY‘.
Currently, there is no non-US market for the X-CAPs.
The ADSs, the X-CAPs and the perpetual regulatory tier one
securities (“PRO’s”) are listed on the NYSE.