Last checked at 29 Mar 2018 11:30
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
Conditional Share Awards
On 26 March 2018, the Company granted awards of British American Tobacco p.l.c. 25p ordinary shares (the "Shares") to the Executive Directors and other persons discharging managerial responsibilities (the "Participants") listed below under the British American Tobacco Long-Term Incentive Plan for nil consideration. The awards for the Executive Directors are exercisable from 26 March 2023 to 25 March 2028 and the awards for the other Participants are exercisable from 26 March 2021 to 25 March 2028, subject to the satisfaction of performance conditions specified on the award date. 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
| |||||
a)
| Name | Nicandro Durante | ||||
2
| Reason for the notification | |||||
a)
| Position/status
| Chief Executive | ||||
b)
| Initial notification /Amendment
|
Initial notification | ||||
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 instrument
Identification code |
Ordinary shares of 25p each
GB0002875804
| ||||
b)
| Nature of the transaction
| Award of shares under the Long-Term Incentive Plan | ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
160,503
£nil
| ||||
e)
| Date of the transaction | 2018-03-26 | ||||
f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name | John Benedict Stevens | ||||
2 | Reason for the notification | |||||
a) | Position/status | Finance Director | ||||
b)
| Initial notification /Amendment
|
Initial notification | ||||
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 instrument
Identification code |
Ordinary shares of 25p each
GB0002875804
| ||||
b)
| Nature of the transaction
| Award of shares under the Long-Term Incentive Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
80,264
£nil
| ||||
e) | Date of the transaction | 2018-03-26 | ||||
f) | Place of the transaction | London Stock Exchange (XLON) | ||||
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 & External Affairs and General Counsel | ||||
b)
| Initial notification /Amendment
|
Initial notification | ||||
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 instrument
Identification code |
Ordinary shares of 25p each
GB0002875804
| ||||
b)
| Nature of the transaction
| Award of shares under the Long-Term Incentive Plan | ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
32,100
£nil
| ||||
e)
| Date of the transaction
| 2018-03-26 | ||||
f) | Place of the transaction
| London Stock Exchange (XLON) | ||||
1
| Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Jack Bowles | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Operating Officer | ||||
b) | Initial notification /Amendment | Initial notification | ||||
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 instrument
Identification code | Ordinary shares of 25p each
GB0002875804 | ||||
b) | Nature of the transaction | Award of shares under the Long-Term Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
- Aggregated volume
- Price
|
43,785
£nil | ||||
e) | Date of the transaction | 2018-03-26 | ||||
f) | Place of the transaction | London Stock Exchange (XLON) | ||||
1
| Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Alan Davy | ||||
2 | Reason for the notification | |||||
a) | Position/status | Director, Operations | ||||
b) | Initial notification /Amendment | Initial notification | ||||
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 instrument
Identification code | Ordinary shares of 25p each
GB0002875804 | ||||
b) | Nature of the transaction | Award of shares under the Long-Term Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
- Aggregated volume
- Price
|
26,579
£nil | ||||
e) | Date of the transaction | 2018-03-26 | ||||
f) | Place of the transaction | London Stock Exchange (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name | Giovanni Giordano | ||||
2 | Reason for the notification
| |||||
a)
| Position/status | Director, Group Human Resources | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
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 instrument
Identification code
|
Ordinary shares of 25p each
GB0002875804 | ||||
b)
| Nature of the transaction
| Award of shares under the Long-Term Incentive Plan | ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
34,411
£nil
| ||||
e) | Date of the transaction | 2018-03-26
| ||||
f) | Place of the transaction
| London Stock Exchange (XLON) | ||||
1
| Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Andrew Gray | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Marketing Officer | ||||
b) | Initial notification /Amendment | Initial notification | ||||
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 instrument
Identification code | Ordinary shares of 25p each
GB0002875804 | ||||
b) | Nature of the transaction | Award of shares under the Long-Term Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
- Aggregated volume
- Price
|
39,355
£nil | ||||
e) | Date of the transaction | 2018-03-26 | ||||
f) | Place of the transaction | London Stock Exchange (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Tadeu Marroco | ||||
2 | Reason for the notification | |||||
a)
| Position/status
| Regional Director, Europe and North Africa | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
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 instrument
Identification code
|
Ordinary shares of 25p each
GB0002875804
| ||||
b)
| Nature of the transaction
| Award of shares under the Long-Term Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
28,248
£nil
| ||||
e)
| Date of the transaction
| 2018-03-26 | ||||
f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||
1
| Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | David O'Reilly | ||||
2 | Reason for the notification | |||||
a) | Position/status | Group Scientific Director | ||||
b) | Initial notification /Amendment | Initial notification | ||||
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 instrument
Identification code | Ordinary shares of 25p each
GB0002875804 | ||||
b) | Nature of the transaction | Award of shares under the Long-Term Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
- Aggregated volume
- Price
|
24,364
£nil | ||||
e) | Date of the transaction | 2018-03-26 | ||||
f) | Place of the transaction | London Stock Exchange (XLON) | ||||
1
| Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Ricardo Oberlander | ||||
2 | Reason for the notification | |||||
a) | Position/status | President and CEO, Reynolds American Inc. | ||||
b) | Initial notification /Amendment | Initial notification | ||||
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 instrument
Identification code | Ordinary shares of 25p each
GB0002875804 | ||||
b) | Nature of the transaction | Award of shares under the Long-Term Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
- Aggregated volume
- Price |
38,520
£nil | ||||
e) | Date of the transaction | 2018-03-26 | ||||
f) | Place of the transaction | London Stock Exchange (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Naresh Sethi | ||||
2 | Reason for the notification | |||||
a)
| Position/status
| Director, Business Development
| ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
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 instrument
Identification code
|
Ordinary shares of 25p each
GB0002875804
| ||||
b)
| Nature of the transaction
| Award of shares under the Long-Term Incentive Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
29,693
£nil | ||||
e)
| Date of the transaction
| 2018-03-26 | ||||
f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||
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, Asia-Pacific and Middle East | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
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 instrument
Identification code |
Ordinary shares of 25p each
GB0002875804
| ||||
b)
| Nature of the transaction
| Award of shares under the Long-Term Incentive Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
30,335
£nil | ||||
e)
| Date of the transaction
| 2018-03-26 | ||||
f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||
1
| Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Kingsley Wheaton | ||||
2 | Reason for the notification | |||||
a) | Position/status | Regional Director, Americas and Sub-Saharan Africa | ||||
b) | Initial notification /Amendment | Initial notification | ||||
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 instrument
Identification code | Ordinary shares of 25p each
GB0002875804 | ||||
b) | Nature of the transaction | Award of shares under the Long-Term Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
- Aggregated volume
- Price
|
32,100
£nil | ||||
e) | Date of the transaction | 2018-03-26 | ||||
f) | Place of the transaction | London Stock Exchange (XLON) | ||||
Name of officer of issuer responsible for making notification: Sophie Kerr Date of notification: 29 March 2018 |