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Notification of transactions of directors, persons discharging managerial responsibility or connected persons
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")
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
Notification made in accordance with Disclosure Rule 3.1.4R(1)(a) of the Disclosure Rules
and Transparency Rules.
1. On 28 March 2014, 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
Deferred Share Bonus Scheme at an award price of 3,258 pence per Share. Awards
under the Deferred Share Bonus Scheme are conditional awards of shares which are
held in trust for three years and no further performance conditions apply in that period.
Participant Deferred Shares Awarded
N Durante 27,466
J B Stevens 18,356
J P Daly 16,199
J Bowles 8,341
A Davy 5,674
G Giordano 8,172
A M Gray 8,341
J-M Levy 8,509
D J Naughton 7,161
R Oberlander 6,740
D O’Reilly 5,476
N K Sethi 6,993
K Wheaton 5,813
N R Withington 8,341
2. On 28 March 2014, the Company granted awards of British American Tobacco p.l.c.
25p ordinary shares to the Executive Directors and other persons discharging
managerial responsibilities listed below under the British American Tobacco 2007
Long Term Incentive Plan at an award price of 3,258 pence per Share. The awards
are exercisable from 28 March 2017 to 27 March 2024, 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 opposite the name of each Participant
set out below:
Participant No. of Shares comprised in
Award
N Durante 135,052
J B Stevens 75,230
J Bowles 37,983
A Davy 27,624
G Giordano 37,216
A M Gray 37,983
J-M Levy 38,750
D J Naughton 32,612
R Oberlander 30,693
D O’Reilly 24,938
N K Sethi 31,844
K Wheaton 26,473
N R Withington 37,983
3. Further, on 28 March 2014, the Company granted options over British American
Tobacco p.l.c. 25p ordinary shares to the persons discharging managerial
responsibilities below under the British American Tobacco Sharesave Scheme, at an
option price of 2,600 pence per Share:
Participant Shares under option Option exercise period
A M Gray 576 1 May 2019 to 31 October 2019
N K Sethi 346 1 May 2017 to 31 October 2017
4. Following the above transactions, the total beneficial and family interests in British
American Tobacco p.l.c. 25p ordinary shares of the following persons discharging
managerial responsibilities was as follows:
Participant Total Beneficial and Family Interests following this
Notification
N Durante 256,228 (including 84,116 Deferred Shares)
J B Stevens 128,412 (including 56,476 Deferred Shares)
J P Daly 109,603 (including 49,503 Deferred Shares)
J Bowles 48,477 (including 24,254 Deferred Shares)
A Davy 38,536 (including 10,415 Deferred Shares)
G Giordano 21,636 (including 21,392 Deferred Shares)
A M Gray 104,285 (including 25,506 Deferred Shares)
J-M Levy 46,276 (including 26,422 Deferred Shares)
D J Naughton 36,278 (including 21,601 Deferred Shares)
R Oberlander 41,457 (including 15,532 Deferred Shares)
D O’Reilly 20,149 (including 13,013 Deferred Shares)
N K Sethi 40,193 (including 16,334 Deferred Shares)
K Wheaton 22,447 (including 14,436 Deferred Shares)
N R Withington 145,687 (including 26,172 Deferred Shares)
31 March 2014
Sponsor: UBS South Africa (Pty) Ltd
Date: 31/03/2014 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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