Gkn Plc


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This section contains Capital Gains Tax related information on GKN shares for use by UK shareholders. Disclaimer
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* Market values of GKN plc Ordinary Shares, 'B' Shares (issued and redeemed under the return of capital in 2000) and Brambles Industries plc Ordinary Shares (issued in connection with the demerger of GKN's Industrial Services businesses in 2001) for Capital Gains Tax (CGT) purposes are as follows:
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Share performance against relative indices
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First day of trading market values (1)

  30 May 2000 (2) 7 August 2001 (3)
GKN Ordinary Shares 914.5p (98.736774%) 282.5p (43.943224%)
'B' Shares 11.7p (1.263226%) -
Brambles Ordinary Shares - 360.375p (56.056776%)

1 The market values stated above are used to allocate the base cost of GKN Ordinary Shares, on the basis of the relative percentages specified, between GKN Ordinary Shares and 'B' Shares and between GKN Ordinary Shares and Brambles Ordinary Shares in calculating any CGT liability under the 'B' Share return of capital and the Industrial Services businesses demerger arrangements. Worked examples and guides to the general tax position of United Kingdom shareholders under these arrangements (as extracted from the circulars to shareholders dated 20 April 2000 and 22 June 2001 respectively, copies of which are available on request from GKN's Company Secretarial Department at PO Box 55, Ipsley House, Ipsley Church Lane, Redditch, Worcestershire B98 0TL) are available for you to download in PDF format.
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File Downloads Size
Tax position of UK shareholders 'B'Shares 12K
Tax position of UK shareholders Demerger 12K
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2 Being the first day of trading of the 'B' Shares.
3 Being the first day of trading of the Brambles Ordinary Shares.

1965/1982 Market Values
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  6 April 1965 31 March 1982
GKN Ordinary Shares unadjusted for 'B' Shares or Demerger (4) 116.175p 104.870p
GKN Ordinary Shares adjusted for 'B' Shares but not Demerger (5) 114.707p 103.545p
GKN Ordinary Shares adjusted for 'B' Shares and Demerger (5) 50.406p 45.501p
'B' Shares (5) 1.468p 1.325p
Brambles Ordinary Shares (5) 64.301p 58.044p
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4 Adjusted for subsequent rights and capitalisation issues (prior to the issue of 'B' Shares on 30 May 2000) and the two for one Ordinary Share split in May 1998.

5 If the GKN Ordinary Shares in respect of which the 'B' Shares/Brambles Ordinary Shares were issued were held by you on 6 April 1965 or 31 March 1982, you will be deemed to have also held the 'B' Shares/Brambles Ordinary Shares on such date. In such cases, the 1965 / 1982 market values (adjusted as described in note 4) are apportioned between GKN Ordinary Shares and 'B' Shares and, if you also received Brambles Ordinary Shares, between GKN Ordinary Shares and Brambles Ordinary Shares using the relative percentages specified above in respect of the first day of trading market values. The apportioned market values are shown in the table.