Capital gains tax

A capital gains tax (CGT) liability may arise when you dispose of an asset (e.g. shares) which is worth more when you sell it than when you acquired it.

Over the years the capital structure of GKN plc has changed. Events that may need to be considered when calculating any CGT liability in relation to our shares are set out below.

2001 Demerger of the industrial services businesses
The market values of a GKN ordinary share and a Brambles Industries plc (Brambles) ordinary share on 7 August 2001 (the first day of trading of Brambles shares) to be used to allocate the base cost of GKN ordinary shares acquired since 31 March 1982 are as follows:

GKN ordinary shares: 282.5p (43.943224%)
Brambles ordinary shares: 360.375p (56.056776%)

2000 'B' share issue
The market values of a GKN ordinary share and a GKN 'B' share on 30 May 2000 (the first day of trading of 'B' shares) to be used to allocate the base cost of GKN ordinary shares acquired since 31 March 1982 are as follows:

GKN ordinary shares: 914.5p (98.736774%)
GKN 'B' shares: 11.7p (1.263226%)

1982 base values
The adjusted 31 March 1982 base value of one GKN ordinary share held immediately before the 2009 capital reorganisation and rights issue was 45.501p. The adjusted base value immediately after the capital reorganisation and rights issue was 47.955p.

The information above is provided primarily for the purpose of individual shareholders resident in the UK when calculating their personal tax liability. Shareholders who are in any doubt as to their tax position or who may be subject to tax in a jurisdiction other than the UK should seek professional advice. Neither GKN plc nor our registrar are able to advise on CGT matters.