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THE CORPORATE REGISTER IS COMPILED
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The database from which The PricewaterhouseCoopers Corp-orate
Register is produced is updated constantly as companies announce
results, as other news becomes available and when directors
and officers change. Every quarter, the latest position at the
time of going to press is used as the basis for a new edition,
which is complete and supersedes all previous editions. The
quarterly publication cycle is March, June, September and December.
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All UK companies, registered in the UK and Ireland, with equity
shares, fully listed on the London Stock Exchange and Alternative
Investment Market are entitled to an entry in the Companies
Section. Overseas companies with equity shares trading on The
London Stock Exchange and unlisted UK companies may also elect
to be included. |
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Entries
appear in the Companies Section in alphabetical order of company
name, attributing equal values to upper and lower case letters.
The expression "PLC" is used throughout to indicate "public
limited company", irrespective of the actual style adopted
by companies in their own names. |
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Information
appearing in The Corporate Register is compiled from prime
sources and drawn mainly from the company's own report and
accounts. Each entry is submitted for verification to the
company concerned prior to publication. Many companies provide
additional data and the publisher would like to express
appreciation to them, their registrars and advisers for
their considerable assistance in updating the publication.
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Companies
may elect to provide additional information on subsidiary
companies, management structure, corporate strategy and brands.
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Head
& Registered Offices |
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The
address of the company's head and registered office together
with its telephone and fax numbers is included in each entry.
Details of the head office are provided if this is at a different
address. |
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"Market
capitalisation" is taken to be the number of ordinary shares
in issue at the year-end multiplied by the closing price at
that date. In the event that there are two classes of ordinary
share in issue, their market capitalisations are added together
so that the total is comparable with the company's net asset
value as represented by "ordinary capital and reserves" in
the financial table. |
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Equity
Share Capital, Substantial Shareholdings |
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Company
profile entries show the nominal value and total number of
ordinary shares in issue, normally as at the latest year-end.
Directors' shareholdings and those of shareholders controlling
more than 3% of the issued share capital are detailed thereafter.
Major and director's shareholdings are shown in percentage
terms and do not take account of executive share option schemes.
The holding of any individual director in excess of 3% is
shown separately, other directors' holdings being shown in
aggregate, unless they are insignificant. For investment trusts
details are restricted to holdings above 5%. |
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Entries
list the names of the company's directors in board hierarchical
order. Executive directors are listed first, followed by Non-executive
directors and the company secretary. Officers are included
when the information has been provided directly from the company.
Each director's name is listed in full (Surname, followed
by Christian name). Where a director's name appears in brackets,
this indicates his or her usual name. Rem or Aud appearing
after the director's name indicates that he or she is a member
of the Remuneration or Audit Committee respectively. Next
comes the board appointment date, followed by the job title
and the number of ordinary and incentive shares currently
held. The director's full biographical information is shown
in the section of The Corporate Register "Directors and Officers".
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This
section is compiled from the company's annual report and accounts.
Total directors' pay includes all salaries, fees, bonuses,
benefits, and other normal remuneration, and includes company
pension contributions where given. It does not include gains
on the exercise of share options and similar incentives. The
chairman's and highest paid director's pay figures exclude
pension contributions and any compensation for loss of office.
The average overall is calculated on the following basis:
total remuneration for all directors for the last reported
year divided by the number of board directors throughout the
year. The average higher paid figure is calculated on the
following basis: total remuneration for all directors for
the last reported year less the average pay of any director
earning under ¸20,000 divided by the number of directors with
remuneration of ¸20,000 and above. |
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This
is the average number of employees and their respective total
remuneration for the year taken from the annual report and
accounts. If the annual report states that the employee information
includes directors then the director numbers and remuneration
is deducted from the totals. Similarly if the employee figures
include executive directors then only those figures that relate
to the executive directors are deducted. The average is calculated
on the following basis: total remuneration for the last reported
year divided by the average number of employees.
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Registrars,
Bankers & Advisers |
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The
name and telephone number of each company's registrar is shown
in each company entry. A listing of registrars' full names
and addresses is provided in the Professional Advisers Section
at the back of The Register. The names of principal bankers
and advisers provided by the companies concerned are also
shown in company profile entries. Certain companies have informed
us that they use various bankers or advisers of a particular
class and consider it inappropriate to name any of them as
being their principal bankers or advisers. In such cases,
the relevant reference has been omitted altogether.
Registrars
and advisers with addresses out of London have the town of
their address noted after their name in company entries. The
full names, addresses, telephone and fax numbers are reproduced
in the Professional Advisers Section. |
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The
year-end stated in a company's entry relates to its latest
accounting period. Certain companies adjust their year-ends
so that the accounting period conforms to a fixed number of
complete weeks. In such cases, the company's year-end is stated
to the nearest month-end e.g. 2 January would be treated as
31 December. For non-standard accounting periods, the number
of months encompassed is shown next to the relevant year.
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Professional
Advisers & Their Clients |
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Details
of company auditors and the names of its principal advisers,
as provided by the client company, are used to compile the
directories of advisers and their clients which appear in
the Professional Advisers Section of The Corporate Register.
Whilst proofs of entries in this section are provided to
the advisers concerned for verification purposes, it is
important to recognise that the listings of clients are
based upon information provided by the client companies
themselves rather than the advisers.
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PUBLICATION CYCLE