Enhanced Investments - Financial Portal

Notification and public disclosure of transactions by persons discharging managerial responsibilities

Published: 2024-04-05 16:10:23 ET

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

On 3 April 2024 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 persons discharging managerial responsibilities under
the 2021 Restricted Share Plan. Subsequent sales of shares are also set out below.


 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
 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 2021 Restricted Share
                                  Plan

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

                                   £nil                      10,139


d) Aggregated information

     - Aggregated volume          10,139

     - Price                      £nil

e) Date of the transaction        2024-04-03

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 2021 Restricted Share Plan

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


                                   £24.04                    4,768



d) Aggregated information

     - Aggregated volume          4,768

     - Price                      £114,622.72

e) Date of the transaction        2024-04-03

f)   Place of the transaction     Outside a trading venue
1    Details of the person discharging managerial responsibilities/person closely
     associated
a) Name                              James Barrett
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
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 2021 Restricted Share
                                     Plan

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

                                      £nil                     4,797


d) Aggregated information

     - Aggregated volume             4,797

     - Price                         £nil
e) Date of the transaction          2024-04-03

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 2021 Restricted Share Plan

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


                                     £24.04                    2,258



d) Aggregated information

     - Aggregated volume            2,258

     - Price                        £54,282.32

e) Date of the transaction          2024-04-03

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                  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
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 2021 Restricted Share
                                     Plan

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

                                      £nil                      9,448


d) Aggregated information

     - Aggregated volume             9,448

     - Price                         £nil

e) Date of the transaction           2024-04-03

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 2021 Restricted Share Plan

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


                                      £24.04                   4,444



d) Aggregated information

     - Aggregated volume             4,444

     - Price                         £106,833.76

e) Date of the transaction           2024-04-03

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, 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
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 2021 Restricted Share
                                  Plan

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

                                   £nil                      8,267


d) Aggregated information

     - Aggregated volume          8,267

     - Price                      £nil

e) Date of the transaction        2024-04-03

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 2021 Restricted Share Plan

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


                                   £24.04                    3,888



d) Aggregated information

     - Aggregated volume          3,888

     - Price                      £93,467.52

e) Date of the transaction        2024-04-03

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                   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
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 2021 Restricted Share
                                     Plan

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

                                      £nil                     3,053


d) Aggregated information

     - Aggregated volume             3,053

     - Price                         £nil
e) Date of the transaction          2024-04-03

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 2021 Restricted Share Plan

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


                                     £24.04                    1,438



d) Aggregated information

     - Aggregated volume            1,438

     - Price                        £34,569.52

e) Date of the transaction          2024-04-03

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 2021 Restricted Share
                                     Plan

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

                                      £nil                      8,043


d) Aggregated information

     - Aggregated volume             8,043

     - Price                         £nil

e) Date of the transaction           2024-04-03

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 2021 Restricted Share Plan

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


                                      £24.04                   3,783



d) Aggregated information

     - Aggregated volume             3,783

     - Price                         £90,943.32

e) Date of the transaction           2024-04-03

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
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 2021 Restricted Share
                                  Plan

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

                                   £nil                      2,326


d) Aggregated information

     - Aggregated volume          2,326

     - Price                      £nil

e) Date of the transaction        2024-04-03

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 2021 Restricted Share Plan

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


                                   £24.04                    1,096



d) Aggregated information

     - Aggregated volume          1,096

     - Price                      £26,347.84

e) Date of the transaction        2024-04-03

f)   Place of the transaction     Outside a trading venue
1    Details of the person discharging managerial responsibilities/person closely
     associated
a) Name                              Fred Monteiro
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
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 2021 Restricted Share
                                     Plan

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

                                      £nil                     3,239


d) Aggregated information

     - Aggregated volume             3,239

     - Price                         £nil
e) Date of the transaction          2024-04-03

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 2021 Restricted Share Plan

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


                                     £24.04                    1,525



d) Aggregated information

     - Aggregated volume            1,525

     - Price                        £36,661.00

e) Date of the transaction          2024-04-03

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 2021 Restricted Share
                                     Plan

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

                                      £nil                      1,789


d) Aggregated information

     - Aggregated volume             1,789

     - Price                         £nil

e) Date of the transaction           2024-04-03

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 2021 Restricted Share Plan

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


                                      £24.04                   844



d) Aggregated information

     - Aggregated volume             844

     - Price                         £20,289.76

e) Date of the transaction           2024-04-03

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                   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
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 2021 Restricted Share
                                  Plan

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

                                   £nil                      10,649


d) Aggregated information

     - Aggregated volume          10,649

     - Price                      £nil

e) Date of the transaction        2024-04-03

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 2021 Restricted Share Plan

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


                                   £24.04                    5,008



d) Aggregated information

     - Aggregated volume          5,008

     - Price                      £120,392.32

e) Date of the transaction        2024-04-03

f)   Place of the transaction     Outside a trading venue
1    Details of the person discharging managerial responsibilities/person closely
     associated
a) Name                              David Waterfield
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 2021 Restricted Share
                                     Plan

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

                                      £nil                     3,878


d) Aggregated information

     - Aggregated volume             3,878

     - Price                         £nil
e) Date of the transaction          2024-04-03

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 on vesting of 2021 Restricted Share
                                    Plan, including to meet tax liability arising

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


                                     £24.04                   3,878



d) Aggregated information

     - Aggregated volume            3,878

     - Price                        £93,227.12

e) Date of the transaction          2024-04-03

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 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
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 2021 Restricted Share
                                     Plan

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

                                      £nil                      12,722


d) Aggregated information

     - Aggregated volume             12,722

     - Price                         £nil

e) Date of the transaction           2024-04-03

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 2021 Restricted Share Plan

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


                                       £24.04                   5,982



 d) Aggregated information

      - Aggregated volume             5,982

      - Price                         £143,807.28

 e) Date of the transaction           2024-04-03

 f)   Place of the transaction        Outside a trading venue



 Name of officer of issuer responsible for making notification: Nancy Jiang

 Date of notification: 5 April 2024



5 April 2024

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

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.