BOC Report and accounts 2005 - Alle jaarverslagen

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140 The BOC Group plc Annual report and accounts 2005 Shareholder information Dividends Ordinary shares The company has paid cash dividends on its Ordinary shares in every year since 1899. Since 1988, the dividend policy has been to pay two interim dividends, one in February and one in August.The dividends are reported in the accounts in the year in which they are paid. Two dividends were paid in 2005.A first interim dividend of 15.9p per share was paid in February and a second interim dividend of 25.3p per share was paid in August. Future dividends of the company will be dependent upon future earnings, the financial position of the company and other factors. A first interim dividend of 16.3p per share has been declared for payment on 1 February 2006. The table below sets out, in UK pence, the total of the cash amounts of the dividends per share. Pence per Ordinary share $ per First Second Ordinary interim paid interim paid Total share total 1 2001 15.50 21.50 37.00 0.53 2002 15.50 22.50 38.00 0.57 2003 15.50 23.50 39.00 0.63 2004 15.50 24.50 40.00 0.73 2005 15.90 25.30 41.20 0.74 1. The dollar equivalents of the dividend per Ordinary share are based on the exchange rate at the date of payment of the dividend. 12 1 ⁄4% Unsecured Loan Stock 2012/2017 Interest payments are made twice each year on 2 April and 2 October at such amounts as will result in an annual rate of 12 1 /4 per cent. American Depositary Shares The cash amount of the dividends applicable to an American Depositary Share representing two Ordinary shares, is set out below: 2005 2004 2003 2002 2001 $ $ $ $ $ First interim 0.60 0.56 0.51 0.44 0.45 Second interim 0.89 0.89 0.75 0.70 0.61 Nature of trading market The company’s Ordinary shares and 12 1 ⁄4% Unsecured Loan Stock 2012/2017 are listed on the London Stock Exchange. The company listed American Depositary Shares (ADS) on the New York Stock Exchange (NYSE) on 18 September 1996 trading under the symbol BOX. Each ADS represents two Ordinary shares and is evidenced by an American Depositary Receipt (ADR).The ADR depositary, JPMorgan Chase Bank N.A., holds Ordinary shares in the company through Guaranty Nominees Limited. At 12 November 2005, there were 242 US registered holders who held 160,480 of the company’s Ordinary shares and 67 registered ADS holders representing 39,122 ADSs. In addition, 3,400,742 ADSs were held by and through the Depository Trust Company. The table below sets out the reported highest and lowest middle market quotations for the company’s Ordinary shares on the London Stock Exchange as notified by the company’s stockbrokers for the periods indicated. 2005 2004 2003 2002 2001 Financial year High Low High Low High Low High Low High Low quarter pence pence pence pence pence pence pence pence pence pence First quarter 995.0 870.0 906.5 791.5 947.0 818.0 1108.0 907.0 1050.0 850.5 Second quarter 1035.0 969.0 948.0 841.0 904.0 670.0 1100.0 988.0 1076.0 909.0 Third quarter 1073.0 965.0 949.0 875.5 828.5 755.0 1088.0 999.0 1114.0 928.0 Fourth quarter 1173.0 1025.0 943.0 867.0 912.5 767.5 1035.0 836.0 1060.0 780.0 2005 May June July August September October High pence 1010.0 1073.0 1082.0 1074.0 1173.0 1160.0 Low pence 965.0 1004.0 1025.0 1036.0 1084.0 1045.0
Shareholder information 141 The table below sets out the highest and lowest reported sales prices for the company’s ADSs as reported on the NYSE as notified by the depositary for the periods indicated. 2005 2004 2003 2002 2001 Financial year quarter High $ Low $ High $ Low $ High $ Low $ High $ Low $ High $ Low $ First quarter 38.80 31.34 31.09 27.60 29.11 25.69 31.76 26.60 31.25 24.31 Second quarter 39.95 36.40 36.15 31.00 29.31 22.00 31.60 27.83 32.75 26.70 Third quarter 39.40 36.21 35.13 31.15 27.30 24.19 31.74 29.75 31.50 26.05 Fourth quarter 42.72 35.80 34.95 31.67 29.63 25.86 31.80 26.02 30.24 22.50 2005 May June July August September October High $ 38.11 39.40 38.45 38.80 42.72 40.79 Low $ 36.55 36.21 35.80 37.20 39.31 37.10 Analysis of shareholdings a) Substantial holdings – at 12 November 2005 Number of shares million % of issued capital Ordinary shares of 25p each Barclays PLC 15.70 3.14 Legal & General Investment Management Limited 15.00 3.02 UBS AG 17.50 3.49 At 12 November 2005 no person or company is known to hold more than five per cent of the Ordinary shares. The company is not directly or indirectly owned or controlled by any other company or any government. b) By size of holding – at 30 September 2005 % of Number of % Number of total number 25p shares of ordinary accounts of accounts Size of holding 25p shares million capital 17,338 46 1 – 500 4.3 1 9,556 26 501 – 1,000 7.1 1 8,995 24 1,001 – 5,000 17.7 4 1,107 3 5,001 – 50,000 15.5 3 478 1 50,001 – 1,000,000 120.4 24 88 0 Over 1,000,000 337.5 67 37,562 100 502.5 100 c) By investor type – at 30 September 2005 % of Number of % Number of total number 25p shares of ordinary accounts of accounts Type of investor million capital 29,683 79 Individuals 26.2 5 6,966 19 Institutional investors 467.3 93 913 2 Other corporate investors 9.0 2 37,562 100 502.5 100 d) Close company status The company is not a close company within the meaning of the Income and Corporation Taxes Act 1988.There has been no change in that status since 30 September 2005. e) Stock ownership of management The interests of the directors and officers of the company in the shares and options of the company are given in the report on remuneration on pages 79 to 82.
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BOC Report and accounts 2005
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01 The BOC Group plc is a public li
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Financial highlights 03 Dividends p
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Chairman’s statement 05 Conduct a
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Chief executive’s review 07 Indus
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Board of directors 09 08 09 10 11 1
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Executive management board 11 09 10
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Group five year record 13 Capital e
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Group profile 15 Analysis of result
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Group profile 17 Principal industri
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Group profile 19 In China, signific
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Group profile 21 Sales opportunitie
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Employees 23 At 30 September 2005 t
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Employees 25 Retirement benefit pla
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Social, environmental and ethical p
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Research, development and informati
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Risk factors 39 BOC relies on devel
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Operating review 41 Exceptional ite
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Operating review (comparing 2005 wi
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Financial review 55 Net debt/equity
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Financial review 57 The balance she
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Financial review 59 Manganese litig
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Financial review 61 Current asset p
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Financial review 63 Average exchang
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Corporate governance 65 During the
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Corporate governance 67 Performance
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Corporate governance 69 During the
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Corporate governance 71 There is a
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Report on remuneration 73 Variable
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Report on remuneration 75 Current m
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Report on remuneration 77 Individua
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Report on remuneration 79 Executive
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Report on remuneration 81 Opening m
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Report on remuneration 83 Mr Médor
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Report by the independent auditors
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Group balance sheet At 30 September
Page 91 and 92: Total recognised gains and losses Y
Page 93 and 94: Accounting policies 91 General •
Page 95 and 96: Notes to the financial statements 9
Page 141: Group undertakings 139 Principal Gr
Page 145 and 146: Shareholder information 143 Taxatio
Page 147 and 148: Shareholder information 145 Payment
Page 149 and 150: Glossary of terms 147 Terms used in
Page 151 and 152: ©The BOC Group plc 2005. Designed
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BOC Report and accounts 2005 - Alle jaarverslagen

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