Wrap Text
Notification and public disclosure of transactions by persons discharging managerial responsibilities
British American Tobacco p.l.c.
Incorporated in England and Wales
(Registration number: 03407696)
Short name: BATS
Share code: BTI
ISIN number: GB0002875804
British American Tobacco p.l.c. (the "Company")
British American Tobacco p.l.c.
Notification and public disclosure of transactions by persons discharging managerial
responsibilities and persons closely associated with them
Conditional Share Awards
On 20 March 2024, the Company granted awards of British American Tobacco p.l.c. 25p
ordinary shares (the "Shares") to the Executive Director and other persons discharging
managerial responsibilities (the "Participants") listed below under the British American
Tobacco Long-Term Incentive Plan at an award price of 2,384 pence per Share. The awards
will vest three years from the grant date, subject to the satisfaction of performance conditions
specified on the award date. The Executive Director's awards are subject to an additional
two-year vesting period. The maximum number of shares comprised in the awards granted
to the Participants which could vest if the performance conditions are met in full is shown
under the name of each Participant set out below:
1 Details of the person discharging managerial responsibilities/person closely
associated
Name Tadeu Marroco
a)
2 Reason for the notification
a) Position/status Chief Executive
b) Initial notification Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name British American Tobacco p.l.c.
b) LEI 213800FKA5MF17RJKT63
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where
transactions have been conducted
a) Description of the financial
instrument, type of Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Award of shares under the Long-Term Incentive
Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
£23.84 281,816
d) Aggregated information
- Aggregated volume 281,816
- Price £6,718,493.44
e) Date of the transaction 2024-03-20
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Jerome Abelman
2 Reason for the notification
a) Position/status Director, Legal and General Counsel
b) Initial notification Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name British American Tobacco p.l.c.
b) LEI 213800FKA5MF17RJKT63
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where
transactions have been conducted
a) Description of the financial
instrument, type of Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Award of shares under the Long-Term Incentive
Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
£23.84 58,973
d) Aggregated information
- Aggregated volume 58,973
- Price £1,405,916.32
e) Date of the transaction 2024-03-20
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
Name James Barrett
a)
2 Reason for the notification
a) Position/status Director, Business Development
b) Initial notification Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name British American Tobacco p.l.c.
b) LEI 213800FKA5MF17RJKT63
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where
transactions have been conducted
a) Description of the financial
instrument, type of Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Award of shares under the Long-Term Incentive
Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
£23.84 41,107
d) Aggregated information
- Aggregated volume 41,107
- Price £979,990.88
e) Date of the transaction 2024-03-20
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
Name Luciano Comin
a)
2 Reason for the notification
a) Position/status Marketing Director, Combustibles & New
Categories
b) Initial notification Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name British American Tobacco p.l.c.
b) LEI 213800FKA5MF17RJKT63
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where
transactions have been conducted
a) Description of the financial
instrument, type of Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Award of shares under the Long-Term Incentive
Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
£23.84 61,661
d) Aggregated information
- Aggregated volume 61,661
- Price £1,469,998.24
e) Date of the transaction 2024-03-20
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
Name Michael Dijanosic
a)
2 Reason for the notification
a) Position/status Regional Director, Asia-Pacific, Middle East and
Africa
b) Initial notification Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name British American Tobacco p.l.c.
b) LEI 213800FKA5MF17RJKT63
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where
transactions have been conducted
a) Description of the financial
instrument, type of Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Award of shares under the Long-Term Incentive
Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
£23.84 51,883
d) Aggregated information
- Aggregated volume 51,883
- Price £1,236,890.72
e) Date of the transaction 2024-03-20
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
Name Javed Iqbal
a)
2 Reason for the notification
a) Position/status Interim Finance Director, and Director, Digital and
Information
b) Initial notification Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name British American Tobacco p.l.c.
b) LEI 213800FKA5MF17RJKT63
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where
transactions have been conducted
a) Description of the financial
instrument, type of Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Award of shares under the Long-Term Incentive
Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
£23.84 66,799
d) Aggregated information
- Aggregated volume 66,799
- Price £1,592,488.16
e) Date of the transaction 2024-03-20
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
Name Zafar Khan
a)
2 Reason for the notification
a) Position/status Director, Operations
b) Initial notification Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name British American Tobacco p.l.c.
b) LEI 213800FKA5MF17RJKT63
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where
transactions have been conducted
a) Description of the financial
instrument, type of Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Award of shares under the Long-Term Incentive
Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
£23.84 51,883
d) Aggregated information
- Aggregated volume 51,883
- Price £1,236,890.72
e) Date of the transaction 2024-03-20
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
Name Cora Koppe-Stahrenberg
a)
2 Reason for the notification
a) Position/status Chief People Officer
b) Initial notification Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name British American Tobacco p.l.c.
b) LEI 213800FKA5MF17RJKT63
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where
transactions have been conducted
a) Description of the financial
instrument, type of Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Award of shares under the Long-Term Incentive
Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
£23.84 56,522
d) Aggregated information
- Aggregated volume 56,522
- Price £1,347,484.48
e) Date of the transaction 2024-03-20
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Paul McCrory
2 Reason for the notification
a) Position/status Director, Corporate and Regulatory Affairs
b) Initial notification Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name British American Tobacco p.l.c.
b) LEI 213800FKA5MF17RJKT63
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where
transactions have been conducted
a) Description of the financial
instrument, type of Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Award of shares under the Long-Term Incentive
Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
£23.84 41,107
d) Aggregated information
- Aggregated volume 41,107
- Price £979,990.88
e) Date of the transaction 2024-03-20
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
Name Fred Monteiro
a)
2 Reason for the notification
a) Position/status Regional Director, Americas & Europe
b) Initial notification Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name British American Tobacco p.l.c.
b) LEI 213800FKA5MF17RJKT63
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where
transactions have been conducted
a) Description of the financial
instrument, type of Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Award of shares under the Long-Term Incentive
Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
£23.84 47,931
d) Aggregated information
- Aggregated volume 47,931
- Price £1,142,675.04
e) Date of the transaction 2024-03-20
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
Name James Murphy
a)
2 Reason for the notification
a) Position/status Director, Research and Science
b) Initial notification Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name British American Tobacco p.l.c.
b) LEI 213800FKA5MF17RJKT63
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where
transactions have been conducted
a) Description of the financial
instrument, type of Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Award of shares under the Long-Term Incentive
Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
£23.84 43,162
d) Aggregated information
- Aggregated volume 43,162
- Price £1,028,982.08
e) Date of the transaction 2024-03-20
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
Name Johan Vandermeulen
a)
2 Reason for the notification
a) Position/status Chief Operating Officer
b) Initial notification Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name British American Tobacco p.l.c.
b) LEI 213800FKA5MF17RJKT63
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where
transactions have been conducted
a) Description of the financial
instrument, type of Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Award of shares under the Long-Term Incentive
Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
£23.84 73,993
d) Aggregated information
- Aggregated volume 73,993
- Price £1,763,993.12
e) Date of the transaction 2024-03-20
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
Name David Waterfield
a)
2 Reason for the notification
a) Position/status President and CEO, Reynolds American Inc.
b) Initial notification Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name British American Tobacco p.l.c.
b) LEI 213800FKA5MF17RJKT63
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where
transactions have been conducted
a) Description of the financial
instrument, type of Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Award of shares under the Long-Term Incentive
Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
£23.84 51,384
d) Aggregated information
- Aggregated volume 51,384
- Price £1,224,994.56
e) Date of the transaction 2024-03-20
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
Name Kingsley Wheaton
a)
2 Reason for the notification
a) Position/status Chief Strategy and Growth Officer
b) Initial notification Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name British American Tobacco p.l.c.
b) LEI 213800FKA5MF17RJKT63
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where
transactions have been conducted
a) Description of the financial
instrument, type of Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Award of shares under the Long-Term Incentive
Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
£23.84 71,533
d) Aggregated information
- Aggregated volume 71,533
- Price £1,705,346.72
e) Date of the transaction 2024-03-20
f) Place of the transaction Outside a trading venue
Name of officer of issuer responsible for making notification: Nancy Jiang
Date of notification: 22 March 2024
22 March 2024
Sponsor: Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities
Date: 22-03-2024 12:35:00
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