11.07.2015 Views

REUTERS GROUP PLC ANNUAL REPORT AND ACCOUNTS 1999

REUTERS GROUP PLC ANNUAL REPORT AND ACCOUNTS 1999

REUTERS GROUP PLC ANNUAL REPORT AND ACCOUNTS 1999

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Other information for shareholders continuedAMERICAN DEPOSITARY SHARES (ADSs)Each ADS represents six ordinary shares.ADS holders receive the annual and half-yearly reports issued by Reuters Group <strong>PLC</strong>.Reuters Group <strong>PLC</strong> is subject to the informational requirements of the US securities laws applicable to foreign companies and in accordance therewith files anannual report on Form 20-F and other information with the US Securities and Exchange Commission. Form 20-F is also available from the Investor Relationsdepartments in London or New York.ADS DividendsADS holders are eligible for all stock dividends or other entitlements accruing on the underlying Reuters Group <strong>PLC</strong> shares and receive all cash dividends in USdollars. These are normally paid twice a year.Dividend cheques are mailed directly to the ADS holder on the payment date if ADSs are registered with Reuters US depositary. Dividends on ADSs that areregistered with brokers are sent to the brokers, who forward them to ADS holders. Reuters US depositary is Morgan Guaranty Trust Company of New York(address on page 89).ADS holders should be aware of tax refunds that may increase the cash dividends paid to qualifying US residents. Dividends per ADS, including any UK taxrefunds but before US tax credits, in respect of each financial year are set out below.<strong>1999</strong> 1998 1997 1996 1995In sterlingInterim 21.9p 21.7p 19.8p 17.5p 14.7pFinal (<strong>1999</strong> proposed) 66.0p 66.0p 63.1p 57.4p 47.8p87.9p 87.7p 82.9p 74.9p 62.5pIn dollarsInterim 35.0c 36.1c 31.2c 27.3c 22.7cFinal (<strong>1999</strong> proposed) * 105.7c 104.2c 93.1c 72.2c* Final <strong>1999</strong> dividend will be converted to US dollars from sterling at the rate prevailing on 20 April 2000.The figures above which have not been restated for the 1998 capital reorganisation, include a refund of UK tax, less a withholding tax on the total dividend and taxcredit. Following the abolition of UK advance corporation tax credits from 6 April <strong>1999</strong>, the amount of the refund of UK tax is restricted to one-ninth of thedividend paid. Dividends continue to be subject to a UK withholding tax. This will either be 15% on the total of the dividend and the tax refund or the value of thetax refund, whichever is the lower. For dividends paid to qualifying US residents before 6 April <strong>1999</strong>, the tax credit was one-quarter of the amount of dividend onthe ordinary shares.For <strong>1999</strong>, the total of the declared dividend per ADS is 87.9p, the related tax credit per ADS is 9.8p and the withholding tax per ADS is 9.8p, giving no net taxrefund per ADS and a total cash payment of 87.9p per ADS.ADS holders who are US residents for tax purposes may normally credit the withholding tax against their federal income tax liabilities.Dollar amounts paid to ADS holders depend on the sterling/dollar exchange rate at the time of payment.80 Reuters Group <strong>PLC</strong> Annual Report <strong>1999</strong>

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!