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The
rights issue in June 2001 and the demerger of mmO2 in
November 2001 adjusted the value for capital gains tax
purposes of BT shares.
Rights
issue
An explanatory note
on the effects of the rights issue on the CGT position
relating to BT shareholdings is available from the Shareholder
Helpline.
Demerger
of mmO2– capital gains tax calculation
The confirmed official
opening prices for BT Group and mmO2 shares on 19 November
2001 following the demerger were 285.75p and 82.75p,
respectively. This means that, of the total (combined)
value of 368.50p, 77.544% is attributable to BT Group
and 22.456% to mmO2. Accordingly, for CGT calculations,
the base cost of your BT Group shares and mmO2 shares
is calculated by multiplying the acquisition cost of
your BT shareholding by 77.544% and 22.456%, respectively.
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