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Notification and public disclosure of transactions by persons discharging managerial responsibilities

Published: 2023-04-03 08:05:55 ET
<<<  go to JSE:BTI company page
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." or "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

On 31 March 2023 the independent Trustee of the British American Tobacco Group Employee
Trust released the following number of British American Tobacco p.l.c. 25p ordinary shares
(the “Shares”) granted to the following Executive Directors and persons discharging
managerial responsibilities under the 2020 Deferred Share Bonus Scheme (“2020 Award”).
Subsequent sales of shares are also set out below.

 1     Details of the person discharging managerial responsibilities/person closely
       associated
 a) Name                               Jack Bowles
 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
 Transaction 1
 a) Description of the financial
    instrument, type of
    instrument                         Ordinary shares of 25p each

       Identification code             GB0002875804
b) Nature of the transaction      Shares released under the Deferred Share Bonus
                                  Scheme (2020 Award)

c)   Price(s) and volume(s)
                                   Price(s)                  Volume(s)

                                   £nil                      53,618


d) Aggregated information

     - Aggregated volume          53,618

     - Price                      £nil

e) Date of the transaction        2023-03-31

f)   Place of the transaction     Outside a trading venue

Transaction 2
a) Description of the financial
    instrument, type of
    instrument                    Ordinary shares of 25p each

     Identification code          GB0002875804

b) Nature of the transaction      Sale of shares to meet tax liability arising on vesting
                                  of Deferred Share Bonus Scheme (2020 Award)

c)   Price(s) and volume(s)
                                   Price(s)                  Volume(s)


                                   £28.485                   25,203



d) Aggregated information

     - Aggregated volume          25,203

     - Price                      £717,907.46

e) Date of the transaction        2023-03-31

f)   Place of the transaction     Outside a trading venue
1    Details of the person discharging managerial responsibilities/person closely
     associated
a) Name                              Tadeu Marroco
2    Reason for the notification
a) Position/status                   Finance and Transformation Director

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
Transaction 1
a) Description of the financial
   instrument, type of
   instrument                        Ordinary shares of 25p each

     Identification code             GB0002875804

b) Nature of the transaction         Shares released under the Deferred Share Bonus
                                     Scheme (2020 Award)

c)   Price(s) and volume(s)
                                      Price(s)                 Volume(s)

                                      £nil                     24,388


d) Aggregated information

     - Aggregated volume             24,388

     - Price                         £nil
e) Date of the transaction          2023-03-31

f)   Place of the transaction       Outside a trading venue

Transaction 2
a) Description of the financial
    instrument, type of
    instrument                      Ordinary shares of 25p each

     Identification code            GB0002875804

b) Nature of the transaction        Sale of shares to meet tax liability arising on vesting
                                    of Deferred Share Bonus Scheme (2020 Award)

c)   Price(s) and volume(s)
                                     Price(s)                  Volume(s)


                                     £28.485                   11,465



d) Aggregated information

     - Aggregated volume            11,465

     - Price                        £326,580.52

e) Date of the transaction          2023-03-31

f)   Place of the transaction       Outside a trading venue




1    Details of the person discharging managerial responsibilities/person closely
     associated
a) Name                             Kingsley Wheaton
2    Reason for the notification
a) Position/status                  Chief 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
Transaction 1
a) Description of the financial
   instrument, type of
   instrument                        Ordinary shares of 25p each

     Identification code             GB0002875804

b) Nature of the transaction         Shares released under the Deferred Share Bonus
                                     Scheme (2020 Award)

c)   Price(s) and volume(s)
                                      Price(s)                  Volume(s)

                                      £nil                      18,198


d) Aggregated information

     - Aggregated volume             18,198

     - Price                         £nil


e) Date of the transaction           2023-03-31

f)   Place of the transaction        Outside a trading venue

Transaction 2
a) Description of the financial
    instrument, type of
    instrument                       Ordinary shares of 25p each

     Identification code             GB0002875804

b) Nature of the transaction         Sale of shares to meet tax liability arising on vesting
                                     of Deferred Share Bonus Scheme (2020 Award)

c)   Price(s) and volume(s)
                                      Price(s)                 Volume(s)


                                      £28.485                  8,555



d) Aggregated information

     - Aggregated volume             8,555

     - Price                         £243,689.18

e) Date of the transaction           2023-03-31

f)   Place of the transaction        Outside a trading venue




1    Details of the person discharging managerial responsibilities/person closely
     associated
a) Name                              Luciano Comin
2    Reason for the notification
a) Position/status                   Regional Director, Americas and Sub-Saharan 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
Transaction 1
a) Description of the financial
   instrument, type of
   instrument                        Ordinary shares of 25p each

     Identification code             GB0002875804
b) Nature of the transaction      Shares released under the Deferred Share Bonus
                                  Scheme (2020 Award)

c)   Price(s) and volume(s)
                                   Price(s)                  Volume(s)

                                   £nil                      13,032


d) Aggregated information

     - Aggregated volume          13,032

     - Price                      £nil

e) Date of the transaction        2023-03-31

f)   Place of the transaction     Outside a trading venue

Transaction 2
a) Description of the financial
    instrument, type of
    instrument                    Ordinary shares of 25p each

     Identification code          GB0002875804

b) Nature of the transaction      Sale of shares to meet tax liability arising on vesting
                                  of Deferred Share Bonus Scheme (2020 Award)

c)   Price(s) and volume(s)
                                   Price(s)                  Volume(s)


                                   £28.485                   6,127



d) Aggregated information

     - Aggregated volume          6,127

     - Price                      £174,527.60

e) Date of the transaction        2023-03-31

f)   Place of the transaction     Outside a trading venue
1    Details of the person discharging managerial responsibilities/person closely
     associated
a) Name                              Guy Meldrum
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
Transaction 1
a) Description of the financial
   instrument, type of
   instrument                        Ordinary shares of 25p each

     Identification code             GB0002875804

b) Nature of the transaction         Shares released under the Deferred Share Bonus
                                     Scheme (2020 Award)

c)   Price(s) and volume(s)
                                      Price(s)                 Volume(s)

                                      £nil                     13,032


d) Aggregated information

     - Aggregated volume             13,032

     - Price                         £nil
e) Date of the transaction          2023-03-31

f)   Place of the transaction       Outside a trading venue

Transaction 2
a) Description of the financial
    instrument, type of
    instrument                      Ordinary shares of 25p each

     Identification code            GB0002875804

b) Nature of the transaction        Sale of shares to meet tax liability arising on vesting
                                    of Deferred Share Bonus Scheme (2020 Award)

c)   Price(s) and volume(s)
                                     Price(s)                  Volume(s)


                                     £28.485                   6,127



d) Aggregated information

     - Aggregated volume            6,127

     - Price                        £174,527.60

e) Date of the transaction          2023-03-31

f)   Place of the transaction       Outside a trading venue




1    Details of the person discharging managerial responsibilities/person closely
     associated
a) Name                             Paul Lageweg
2    Reason for the notification
a) Position/status                  Director, 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
Transaction 1
a) Description of the financial
   instrument, type of
   instrument                        Ordinary shares of 25p each

     Identification code             GB0002875804

b) Nature of the transaction         Shares released under the Deferred Share Bonus
                                     Scheme (2020 Award)

c)   Price(s) and volume(s)
                                      Price(s)                  Volume(s)

                                      £nil                      12,101


d) Aggregated information

     - Aggregated volume             12,101

     - Price                         £nil

e) Date of the transaction           2023-03-31

f)   Place of the transaction        Outside a trading venue

Transaction 2
a) Description of the financial
    instrument, type of
    instrument                       Ordinary shares of 25p each

     Identification code             GB0002875804

b) Nature of the transaction         Sale of shares to meet tax liability arising on vesting
                                     of Deferred Share Bonus Scheme (2020 Award)

c)   Price(s) and volume(s)
                                      Price(s)                 Volume(s)


                                      £28.485                  5,689



d) Aggregated information

     - Aggregated volume             5,689

     - Price                         £162,051.16

e) Date of the transaction           2023-03-31

f)   Place of the transaction        Outside a trading venue




1    Details of the person discharging managerial responsibilities/person closely
     associated
a) Name                              Hae In Kim
2    Reason for the notification
a) Position/status                   Director, Talent, Culture and Inclusion

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
Transaction 1
a) Description of the financial
   instrument, type of
   instrument                        Ordinary shares of 25p each

     Identification code             GB0002875804
b) Nature of the transaction      Shares released under the Deferred Share Bonus
                                  Scheme (2020 Award)

c)   Price(s) and volume(s)
                                   Price(s)                  Volume(s)

                                   £nil                      12,411


d) Aggregated information

     - Aggregated volume          12,411

     - Price                      £nil

e) Date of the transaction        2023-03-31

f)   Place of the transaction     Outside a trading venue

Transaction 2
a) Description of the financial
    instrument, type of
    instrument                    Ordinary shares of 25p each

     Identification code          GB0002875804

b) Nature of the transaction      Sale of shares to meet tax liability arising on vesting
                                  of Deferred Share Bonus Scheme (2020 Award)

c)   Price(s) and volume(s)
                                   Price(s)                  Volume(s)


                                   £28.485                   5,835



d) Aggregated information

     - Aggregated volume          5,835

     - Price                      £166,209.98

e) Date of the transaction        2023-03-31

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 External Affairs 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
Transaction 1
a) Description of the financial
   instrument, type of
   instrument                        Ordinary shares of 25p each

     Identification code             GB0002875804

b) Nature of the transaction         Shares released under the Deferred Share Bonus
                                     Scheme (2020 Award)

c)   Price(s) and volume(s)
                                      Price(s)                 Volume(s)

                                      £nil                     15,824


d) Aggregated information

     - Aggregated volume             15,824

     - Price                         £nil
e) Date of the transaction          2023-03-31

f)   Place of the transaction       Outside a trading venue

Transaction 2
a) Description of the financial
    instrument, type of
    instrument                      Ordinary shares of 25p each

     Identification code            GB0002875804

b) Nature of the transaction        Sale of shares to meet tax liability arising on vesting
                                    of Deferred Share Bonus Scheme (2020 Award)

c)   Price(s) and volume(s)
                                     Price(s)                  Volume(s)


                                     £28.485                   7,439



d) Aggregated information

     - Aggregated volume            7,439

     - Price                        £211,899.92

e) Date of the transaction          2023-03-31

f)   Place of the transaction       Outside a trading venue




1    Details of the person discharging managerial responsibilities/person closely
     associated
a) Name                             Michael Dijanosic
2    Reason for the notification
a) Position/status                  Regional Director, Asia-Pacific and Middle East

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
Transaction 1
a) Description of the financial
   instrument, type of
   instrument                        Ordinary shares of 25p each

     Identification code             GB0002875804

b) Nature of the transaction         Shares released under the Deferred Share Bonus
                                     Scheme (2020 Award)

c)   Price(s) and volume(s)
                                      Price(s)                  Volume(s)

                                      £nil                      2,746


d) Aggregated information

     - Aggregated volume             2,746

     - Price                         £nil

e) Date of the transaction           2023-03-31

f)   Place of the transaction        Outside a trading venue

Transaction 2
a) Description of the financial
    instrument, type of
    instrument                       Ordinary shares of 25p each

     Identification code             GB0002875804

b) Nature of the transaction         Sale of shares to meet tax liability arising on vesting
                                     of Deferred Share Bonus Scheme (2020 Award)

c)   Price(s) and volume(s)
                                      Price(s)                 Volume(s)


                                      £28.485                  1,292



d) Aggregated information

     - Aggregated volume             1,292

     - Price                         £36,802.62

e) Date of the transaction           2023-03-31

f)   Place of the transaction        Outside a trading venue




1    Details of the person discharging managerial responsibilities/person closely
     associated
a) Name                              Zafar Khan
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
Transaction 1
a) Description of the financial
   instrument, type of
   instrument                        Ordinary shares of 25p each

     Identification code             GB0002875804
b) Nature of the transaction      Shares released under the Deferred Share Bonus
                                  Scheme (2020 Award)

c)   Price(s) and volume(s)
                                   Price(s)                  Volume(s)

                                   £nil                      3,062


d) Aggregated information

     - Aggregated volume          3,062

     - Price                      £nil

e) Date of the transaction        2023-03-31

f)   Place of the transaction     Outside a trading venue

Transaction 2
a) Description of the financial
    instrument, type of
    instrument                    Ordinary shares of 25p each

     Identification code          GB0002875804

b) Nature of the transaction      Sale of shares to meet tax liability arising on vesting
                                  of Deferred Share Bonus Scheme (2020 Award)

c)   Price(s) and volume(s)
                                   Price(s)                  Volume(s)


                                   £28.485                   947



d) Aggregated information

     - Aggregated volume          947

     - Price                      £26,975.30

e) Date of the transaction        2023-03-31

f)   Place of the transaction     Outside a trading venue
1    Details of the person discharging managerial responsibilities/person closely
     associated
a) Name                              Javed Iqbal
2    Reason for the notification
a) Position/status                   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
Transaction 1
a) Description of the financial
   instrument, type of
   instrument                        Ordinary shares of 25p each

     Identification code             GB0002875804

b) Nature of the transaction         Shares released under the Deferred Share Bonus
                                     Scheme (2020 Award)

c)   Price(s) and volume(s)
                                      Price(s)                 Volume(s)

                                      £nil                     4,443


d) Aggregated information

     - Aggregated volume             4,443

     - Price                         £nil
e) Date of the transaction          2023-03-31

f)   Place of the transaction       Outside a trading venue

Transaction 2
a) Description of the financial
    instrument, type of
    instrument                      Ordinary shares of 25p each

     Identification code            GB0002875804

b) Nature of the transaction        Sale of shares to meet tax liability arising on vesting
                                    of Deferred Share Bonus Scheme (2020 Award)

c)   Price(s) and volume(s)
                                     Price(s)                   Volume(s)


                                     £28.485                    2,090



d) Aggregated information

     - Aggregated volume            2,090

     - Price                        £59,533.65

e) Date of the transaction          2023-03-31

f)   Place of the transaction       Outside a trading venue




1    Details of the person discharging managerial responsibilities/person closely
     associated
a) Name                             Johan Vandermeulen
2    Reason for the notification
a) Position/status                  Regional Director, 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
Transaction 1
a) Description of the financial
   instrument, type of
   instrument                        Ordinary shares of 25p each

     Identification code             GB0002875804

b) Nature of the transaction         Shares released under the Deferred Share Bonus
                                     Scheme (2020 Award)

c)   Price(s) and volume(s)
                                      Price(s)                  Volume(s)

                                      £nil                      16,290


d) Aggregated information

     - Aggregated volume             16,290

     - Price                         £nil


e) Date of the transaction           2023-03-31

f)   Place of the transaction        Outside a trading venue

Transaction 2
a) Description of the financial
    instrument, type of
    instrument                       Ordinary shares of 25p each

     Identification code             GB0002875804

b) Nature of the transaction         Sale of shares to meet tax liability arising on vesting
                                     of Deferred Share Bonus Scheme (2020 Award)

c)   Price(s) and volume(s)
                                      Price(s)                 Volume(s)


                                      £28.485                  7,658



d) Aggregated information

     - Aggregated volume             7,658

     - Price                         £218,138.13

e) Date of the transaction           2023-03-31

f)   Place of the transaction        Outside a trading venue




1    Details of the person discharging managerial responsibilities/person closely
     associated
a) Name                              James Murphy
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
Transaction 1
a) Description of the financial
   instrument, type of
   instrument                        Ordinary shares of 25p each

     Identification code             GB0002875804
b) Nature of the transaction      Shares released under the Deferred Share Bonus
                                  Scheme (2020 Award)

c)   Price(s) and volume(s)
                                   Price(s)                  Volume(s)

                                   £nil                      1,665


d) Aggregated information

     - Aggregated volume          1,665

     - Price                      £nil


e) Date of the transaction        2023-03-31

f)   Place of the transaction     Outside a trading venue

Transaction 2
a) Description of the financial
    instrument, type of
    instrument                    Ordinary shares of 25p each

     Identification code          GB0002875804

b) Nature of the transaction      Sale of shares to meet tax liability arising on vesting
                                  of Deferred Share Bonus Scheme (2020 Award)

c)   Price(s) and volume(s)
                                   Price(s)                  Volume(s)


                                   £28.485                   784



d) Aggregated information

     - Aggregated volume          784

     - Price                      £22,332.24

e) Date of the transaction        2023-03-31

f)   Place of the transaction     Outside a trading venue
3 April 2023

Sponsor: Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities