To view the PDF file, sign up for a MySharenet subscription.

BRITISH AMERICAN TOBACCO PLC - Notification of transactions of directors, persons discharging managerial responsibility or connected persons

Release Date: 31/03/2014 14:00
Code(s): BTI     PDF:  
Wrap Text
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'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story