RBS 2008 Annual Report Download - page 288

287RBS Group Annual Report and Accounts 2008
Capital gains tax
For shareholders who held RBS ordinary shares at 31 March 1982, the
market value of one ordinary share held was 103p. After adjusting for
the following:
•the 1 March 1985 rights issue;
•the 1 September 1989 capitalisation issue;
•the 12 July 2000 bonus issue of Additional Value Shares;
•the 8 May 2007 bonus issue;
•the 6 June 2008 rights issue;
•the 15 September 2008 capitalisation issue; and
•the basic entitlement under the 1 December 2008 open offer,
the adjusted 31 March 1982 base value of one ordinary share held
currently is 73p.
For shareholders who held NatWest ordinary shares at 31 March 1982,
the market value of one ordinary share held was 76.3p for shareholders
who accepted the basic terms of the RBS offer. This takes account of
the following:
•the August 1984 rights issue of NatWest ordinary shares;
•the June 1986 rights issue of NatWest ordinary shares;
•the June 1989 bonus issue of NatWest ordinary shares;
•the 12 July 2000 bonus issue of Additional Value Shares;
•the 8 May 2007 bonus issue;
•the 6 June 2008 rights issue;
•the 15 September 2008 capitalisation issue; and
•the basic entitlement under the 1 December 2008 open offer.
The information set out above is intended as a general guide only and
is based on current United Kingdom legislation and HM Revenue &
Customs practice as at this date. This information deals only with the
position of individual shareholders who are resident in the United
Kingdom for tax purposes, who are the beneficial owners of their
shares and who hold their shares as an investment. It does not deal
with the position of shareholders other than individual shareholders,
shareholders who are resident outside the United Kingdom for tax
purposes or certain types of shareholders, such as dealers in
securities.
Analyses of ordinary shareholders at 31 December 2008
Number
of shares
Shareholdings – millions %
Individuals 195,459 982.9 2.5
Banks and nominee companies 28,242 37,496.0 95.0
Investment trusts 179 7.0 —
Insurance companies 283 7.8 —
Other companies 2,131 893.6 2.3
Pension trusts 46 30.2 0.1
Other corporate bodies 88 38.5 0.1
226,428 39,456.0 100.0
Range of shareholdings:
1 – 1,000 75,566 31.9 0.1
1,001 – 10,000 123,493 441.6 1.1
10,001 – 100,000 25,347 557.7 1.4
100,001 – 1,000,000 1,192 385.8 1.0
1,000,001 – 10,000,000 613 2,106.5 5.3
10,000,001 and over 217 35,932.5 91.1
226,428 39,456.0 100.0