Capital Gains Tax ("CGT")
Capital Gains Tax
The market value of United Business Media’s shares on 31 March 1982 was 165p. The adjusted market value for shares acquired prior to 31 March 1982 which participated in the rights issues of November 1983 and June 1993 is 232.5p. The market quotations of the Company’s ordinary shares and ICAP plc (previously Garban plc) ordinary shares for 17 November 1998, being the first day of dealing following ICAP’s demerger from the Company, were as follows:
United Business Media ordinary shares of 25p – 638p
ICAP plc ordinary shares of 50p – 217p
The market values of United Business Media’s ordinary shares of 25p and B shares on 23 April 2001 following the capital reorganisation were as follows:
Ordinary shares of 25p – 693p.
B shares – 245p.
The market value of United Business Media’s ordinary shares of 30 5/14 p on 21 June 2005 following the share consolidation was 511.25p.
The market value of United Business Media’s ordinary shares of 33 71/88 p on 20 March 2007 following the share consolidation was 805.0p.

