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Number of Percentage of Number of Percentage
Shareholder profile shareholders number of ordinary of ordinary
as at 24 February 1996 shareholders shares shares
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Analysis by type of shareholder
Employees 43,624 30.76 55,290,187 2.56
Other individuals 78,506 55.36 187,575,419 8.71
Corporate institutions 19,691 13.88 1,911,640,593 88.73
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141,821 100.00 2,154,506,199 100.00
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Analysis by size of shareholding
1 - 1,000 83,888 59.15 19,903,554 0.92
1,001 - 10,000 51,943 36.62 149,422,950 6.94
10,001 - 100,000 4,733 3.34 121,123,701 5.62
100,001 - 1,000,000 950 0.67 314,391,547 14.59
Above 1,000,000 307 0.22 1,549,664,447 71.93
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141,821 100.00 2,154,506,199 100.00
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Corporate institutions such as banks, insurance companies and pension funds represent many thousands of people through their accounts, policies, and memberships and therefore the company works in the interest of a rich variety of investors.
Secretary and Registered Office
Rowley Ager, Tesco House, Delamare Road, Cheshunt, Hertfordshire EN8 9SL. Telephone 01992 632222.
Registrar
Administrative enquiries about the holding of Tesco shares (other than ADRs) should be directed in the first instance to the Registrar whose address is: Lloyds Bank Registrars, The Causeway, Worthing, West Sussex, BN99 6DA. Telephone 01903 833412.
Amalgamation of accounts
Shareholders who receive duplicate sets of company mailings owing to multiple accounts in their name should write to Lloyds Bank Registrars to have their accounts amalgamated.
Low cost dealing The company has arranged a low cost postal share dealing service through Lloyds Bank Registrars in conjunction with the company’s brokers, UBS Limited. For details and a dealing form please telephone 01903 833372.
Unsolicited mail
The company is obliged by law to make its share register available to other organisations who may then use it for a mailing list. If you wish to limit the receipt of unsolicited mail you may do so by writing to: The Mailing Preference Service (MPS), Freepost 22, London W1E 7EZ. MPS will then notify the bodies which support its service that you do not wish to receive unsolicited mail.
Corporate personal equity plans (PEPs)
Both a General PEP and Single Company PEP have been available since 1992.
They enable investors to receive dividends on the shares held in the plans free of income tax, to re-invest dividends in the plans to increase the shareholding, and to sell the shares in the plans without liability for capital gains tax.
If you wish to receive a brochure explaining these schemes, please contact: The Plan Manager, Bradford and Bingley (PEPs) Limited, P.O. Box 50, Main Street, Bingley, West Yorkshire, BD162LW. Telephone 01274 555677. Bradford and Bingley (PEPs) Limited is regulated by the Personal Investment Authority.
Tesco share price line
Up-to-the-minute share price and company information can be obtained by calling 0891121200 (calls from within the UK cost 39p per minute reduced rate and 49p per minute at other times).
Annual General Meeting
The Annual General Meeting will be held at the New Connaught Rooms, 61-65 Great Queen Street, London, WC2B 5DA on Friday 7 June 1996 at 11.00 am. The full Notice of Meeting and proxy card accompany this report.
Financial diary 1996 1997 -------------------------------------------------------------------------------------- Trading statement 17 January Mid January Year end 24 February 22 February Results announced 16 April Mid April Ex-dividend date for final dividend 22 April Late April Annual Report posted 7 May May AGM 7 June June Final dividend pay date 1 July Early July Half year end 10 August 9 August Interim results announced 17 September Late September Ex-dividend date for interim dividend 25 September Late September Interim dividend pay date 2 December Early December Interest paid 10 3/8% Bonds (2002) 29 January 28 January 4% Deep discount loan stock (2006) 31 January 31 January 31 July 31 July 8 3/4% Bonds (2003) 20 February 20 February
Scrip dividend
The company currently offers shareholders the option to receive ordinary shares in lieu of cash dividends. The necessary forms will be sent to individual shareholders by the Registrars. Those shareholders who have already elected to take the scrip dividend alternative and wish to continue to do so need take no further action.
Capital gains tax
For the purpose of UK capital gains tax the market value of the company’s ordinary shares on 31 March 1982 was 63p after adjustment for the rights issue in 1985, the capitalisation issue in 1987, and the rights issue in 1991.
CREST - share settlement system
This new share and other security settlement system is being developed by the Bank of England and is expected to replace the existing system in 1996. The new system will enable shareholders to hold and transfer shares and securities in electronic form, thereby reducing the need to hold share certificates. Shareholders and their brokers will be able to complete share transactions in electronic form once membership of CREST is obtained.
As the membership system is voluntary, shareholders not wishing to participate can continue to hold their own share certificates.
The Board of Tesco has passed a resolution joining the scheme and this will enable them to make the ordinary shares available for settlement in CREST. The statutory notice and CREST leaflet for shareholders accompany this report.
US dealing facility
Tesco American Depositary Receipts (ADRs) are traded over the counter through the Pink Sheets and Electronic Bulletin Board.
One ADR represents one ordinary share in Tesco PLC. For enquiries on the ADR service please contact our representatives at the Bank of NewYork by dialling toll free 1(800) 524 4458 or writing to: ADR Division, The Bank of New York, 101 Barclay Street, 22nd Floor, NewYork, NY 10286.
A guide to Tesco PLC financial statements
The company has prepared a booklet to aid understanding of the financial statements included within the Tesco PLC Annual Report and Accounts. If you would like a free copy of this booklet please contact the Investor Relations Department at the address shown below.
Investor relations
For investor enquiries please contact: Investor Relations Department, Tesco PLC, Tesco House, Delamare Road, Cheshunt, Hertfordshire, EN8 9SL. Telephone number 01992 646484. Fax number 01992 644839.