Listing history

Public offers of BT shares

The instalments for the three public offers of BT's shares by the Government were as follows:

 

BT1

instalments

28 November 1984

50p

24 June 1985

40p

09 April 1986

40p

Total

£1.30

Incentives:

Either telephone bill vouchers valued at £18 each subject to a maximum of 12 vouchers, or a share bonus on a 1:10 basis issued on 30 November 1987 (for capital gains tax purposes valued at £2.04 per share).

First day of dealing: 3 December 1984
Download the 1984 ProsectusPDF document (12.4Mb)
(please note this is a scan of the original document and therefore the quality is limited).

 

BT2

instalments UK offer

instalments Int'l offer

04 December 1991

£1.10

£1.25

07 July 1992

£1.20

£1.20

02 March 1993

£1.05

£1.05

Total

£3.35

£3.50

Incentives:

Either an instalment discount on the second and third instalments of 15 pence per share, subject to a maximum of 1000 shares, Or a share bonus on a 1:10 basis issued on 31 December 1994, subject to a maximum of 150 free shares (for capital gains tax purposes valued at £3.76 per share).

First day of dealing: 9 December 1991

(please note these are scans of original documents)
 

BT3

instalments UK offer

instalments Int'l offer

14 July 1993

£1.50

£1.60

01 March 1994

£1.40

£1.40

11 October 1994

£1.20

£1.20

Total

£4.10

£4.20

Incentives:

Either an instalment discount of 10 pence per share on the second and third instalments, subject to a maximum of 1000 shares, or a share bonus on a 1:15 basis issued on 31 July 1996 (for capital gains tax purposes valued at (£3.60 per share).

First day of dealing: 18 July 1993

Download the 1993 UK & International Share offer PDF document (9.9Mb)
(please note this is a scan of the original documents)

Rights issue

A rights issue of new shares in British Telecommunications plc to existing shareholders was announced on 10 May 2001.  A rights issue is a way of raising money by issuing new shares, and giving existing shareholders a right of first refusal. New shares are typically offered at a discount to the current share price. BT's rights issue was 3 for 10 - shareholders were entitled to 3 new shares for every 10 existing shares held. The offer price for the new shares was 300p per share.

BT's rights issue was well received - 89.5% of the new shares were taken up by existing BT shareholders. The remaining shares were sold in an international tender offer, which resulted in bids ranging from 400p-445p. The rights issue raised £5.9bn for the group. BT shares were 568.5p the day the 3-for-10 issue was announced in May. Following the completion of the rights issue, on Tuesday June 19, the shares were 435.5p. The discounted price of the  shares post rights issue reflected the dilution from the new shares issued.

PDF document Rights Issue Prospectus (943kb)

Demerger of mmO2

On 19 November 2001, BT completed the demerger of mmO2, comprising what were BT's wholly-owned mobile assets in Europe: O2 UK (formerly known as BT Cellnet), O2 Communications (Ireland) (formerly known as Esat Digifone), Telfort Mobiel, Viag Interkom, Manx Telecom and Genie.

The confirmed official opening prices for BT Group and O2 (mmO2) shares for capital gains tax ('CGT') purposes, were 285.75 pence and 82.75 pence respectively. This means that, of the total value of 368.50 pence, 77.544% is attributable to BT Group and 22.456% to O2 (mmO2).

Accordingly, for CGT calculations, the base cost of your BT Group shares is calculated by multiplying the acquisition cost of your BT shareholding by 77.544%, and the base cost of your O2 (mmO2) shares is calculated by multiplying the acquisition cost of your BT shareholding by 22.456%.

PDF document Shareholder circular (1Mb)

PDF document Listing particulars (1.5Mb)

Since May 2008, ProSearch has been acting for Telefónica S.A. to help the remaining dissenting shareholders claim any cash entitlements that they may be due from the purchase of O2 plc in May 2006.

ProSearch is designed to make the process of claiming any entitlements as easy as possible and it is entirely up to you if you wish to use the service. If you do use ProSearch to claim your O2 plc cash entitlement then please note that an administration fee will be payable.

If you choose to use the services of ProSearch in respect of your 02 plc shares, it will not affect any BT Group plc shares you may hold.

ProSearch is part of the Equiniti Limited group of companies.

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