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BRITISH AMERICAN TOBACCO PLC - Close Period Share Repurchase Programme

Release Date: 01/07/2014 08:00
Code(s): BTI     PDF:  
Wrap Text
Close Period Share Repurchase Programme

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.
Close Period Share Repurchase Programme

British American Tobacco p.l.c. (the “Company”) announces that it will commence an irrevocable,
non-discretionary programme to purchase shares on its own behalf during the close period
commencing on 1 July 2014 up to and including 29 July 2014. The shares repurchased will be put
into treasury, rather than being cancelled. Whilst the shares are held in treasury, no dividends will
be paid on them and they will have no voting rights.

The buy-back programme will be managed by an independent third party, which makes its trading
decisions in relation to the Company’s securities independently of, and uninfluenced by, the
Company.

Any acquisitions will be effected within certain pre-set parameters, and in accordance with both the
Company’s general authority to repurchase shares and Chapter 12 of the Listing Rules which
requires that the maximum price is an amount equal to 105 per cent of the average market value of
the Company’s shares for the five business days immediately preceding the date on which the
Company’s shares are purchased.

The Company confirms that it currently has no unpublished price sensitive information.

Name of duly authorised officer of issuer responsible for making notification:

G C W Cunnington
Deputy Secretary
British American Tobacco p.l.c.

1 July 2014

Sponsor: UBS South Africa (Pty) Ltd

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