RBS 2005 Annual Report Download - page 263

section
05
Shareholder
information
261
Shareholder information
Annual Report and Accounts 2005
Analyses of ordinary shareholders at 31 December 2005 %
shareholdings millions of total
Individuals 168,687 233.5 7.3
Banks and nominee companies 19,832 2,882.5 90.2
Investment trusts 162 0.7 —
Insurance companies 325 1.8 0.1
Other companies 2,531 65.4 2.0
Pension trusts 46 8.2 0.3
Other corporate bodies 102 4.4 0.1
191,685 3,196.5 100.0
Range of shareholdings:
10,000,001–1,000 128,045 43.7 1.4
10,001,001–10,000 58,577 158.6 5.0
10,010,001–100,000 3,738 93.1 2.9
11,100,001–1,000,000 929 301.4 9.4
11,000,001–10,000,000 341 951.8 29.8
10,000,001 and over 55 1,647.9 51.5
191,685 3,196.5 100.0
Trading market
On 13 September 1995, 16 October 1996, 26 March 1997, 12 February 1998, 8 February 1999, 30 July 1999, 30 September 1999,
12 June 2001, 30 September 2004, 26 August 2004, 19 May 2005 and 9 November 2005 the company issued the following
American Depositary Shares (“ADSs”) in the United States:
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;
16,000,000 Series K (“Series K ADSs”) representing 16,000,000 non-cumulative dollar preference shares, Series K;
34,000,000 Series L (“Series L ADSs”) representing 34,000,000 non-cumulative dollar preference shares, Series L;
37,000,000 Series M (“Series M ADSs”) representing 37,000,000 non-cumulative dollar preference shares, Series M;
40,000,000 Series N (“Series N ADSs”) representing 40,000,000 non-cumulative dollar preference shares, Series N; and
22,000,000 Series P (“Series P ADSs”) representing 22,000,000 non-cumulative dollar preference shares, Series P.
Each of the respective ADSs represents the right to receive
one corresponding preference share, and 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 28 November 2005, the company redeemed the 9 million
Series J non-cumulative preference shares of US$0.01 each.
The company has given notice that it will, on 6 March 2006,
redeem the 7 million Series D and the 12 million Series I, non-
cumulative preference shares of US$0.01.
At 31 December 2005, there were 216 registered shareholders
of Series D ADSs, 114 registered shareholders of Series E
ADSs, 133 registered shareholders of Series F ADSs, 83
registered shareholders of Series G ADSs, 82 registered
shareholders of Series H ADSs, 112 registered shareholders of
Series I ADSs, 62 registered shareholders of Series K ADSs, 28
registered shareholders of Series L ADSs, 1 registered
shareholder of Series M ADSs, 43 registered shareholders of
series N ADSs and 55 registered shareholders of Series P ADSs.
On 29 March 1994 and 23 June 2003, respectively, the company
issued 8,000,000 Exchangeable Capital Securities (“X-CAPs”),
Series A and 34,000,000 Exchangeable Capital Securities,
Series B, each in connection with a public offering in the United
States. On 30 September 2004, all of the outstanding Series B
X-CAPs were exchanged into 34,000,000 non-cumulative dollar
preference shares, Series L. On 31 December 2005, all of the
outstanding Series A X-CAPS were redeemed.
On 20 August 2001, the company issued US$1.2 billion of
perpetual regulatory tier one securities (‘PROs’) in connection
with a public offering in the United States.
The ADSs and the PRO’s are listed on the NYSE.