Business Context and Reporting Period
This Form 6-K filing by GlaxoSmithKline plc covers the period ending January 26, 2004. The report serves as a notification of changes in directors' interests in the company's Ordinary Shares and American Depositary Receipts (ADRs) resulting from transactions within employee benefit trusts and plans.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. The document is strictly limited to reporting share movements within employee trusts and does not contain financial performance data.
Material Changes
The filing details specific changes in shareholdings held by employee trusts in which directors have an indirect interest:
- GlaxoSmithKline Employee Trust: On January 22, 2004, 2,570 Ordinary shares were transferred to participants in the SmithKline Beecham Employee Share Option Plan 1991.
- US Retirement Savings Plan: On January 22, 2004, the number of Ordinary Share ADRs held by the fund decreased from 18,713,521 to 18,374,163 (a reduction of 339,358 ADRs) at an average price of $45.81.
- SmithKline Beecham Employee Benefit Trust: On January 23, 2004, 2,012 Ordinary shares were transferred to the SmithKline Beecham Bonus Investment Plan, and 351 Ordinary shares were transferred to the GlaxoSmithKline Annual Investment Plan.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The document focuses solely on compliance reporting regarding director share interests.
Key Facts for Investor Verification
- Directors Dr. J-P Garnier, Dr. T Yamada, and Mr. J D Coombe hold indirect interests in the GlaxoSmithKline Employee Trust and the US Retirement Savings Plan.
- Director John Coombe holds an indirect interest in the SmithKline Beecham Employee Benefit Trust.
- The US Retirement Savings Plan experienced a net decrease in ADR holdings during the reporting period.
- No financial performance metrics or strategic updates are included in this specific filing.