1924: HQ at Snow Hill, Holborn (formerly the administrative offices of Burroughs Wellcome & Co.). Henry Wellcome remained the sole shareholder and Governing Director of the Foundation, and used the dividends from the profits to pay for his non-commercial activities; 1936/7: The Wellcome Trust was the sole shareholder of The Wellcome Foundation Limited until 1986, when the Foundation became a public limited company, Wellcome plc; The company merged with Glaxo plc in 1995 to form a new company, Glaxo Wellcome plc, and merged again with SmithKline Beecham plc in 2000 to form GlaxoSmithKline.