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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
Notifications made in accordance with Disclosure Rule 3.1.4R(1)(a) of the Disclosure Rules and
Transparency Rules.
1. On 27 March 2015, 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 3,625 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 19,419
J B Stevens 12,732
J B Abelman 1,706
J Bowles 7,359
A Davy 5,358
G Giordano 7,073
A M Gray 7,716
T L Marroco 3,825
R Oberlander 6,108
D O’Reilly 5,001
N K Sethi 6,108
J Vandermeulen 5,134
K Wheaton 5,158
N R Withington 7,144
2. On 27 March 2015, 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 Long-Term Incentive Plan at
an award price of 3,625 pence per Share. The awards are exercisable from 27 March 2018 to
26 March 2025, 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 127,448
J B Stevens 69,641
J B Abelman 23,448
J Bowles 35,517
A Davy 25,862
G Giordano 34,137
A M Gray 37,241
T L Marroco 24,137
R Oberlander 29,482
D O’Reilly 24,137
N K Sethi 29,482
J Vandermeulen 28,620
K Wheaton 29,482
3. The independent Trustee of the British American Tobacco Group Employee Trust notified the
Company on 31 March 2015 that it had on 30 March 2015 released the following number of
British American Tobacco p.l.c. 25p ordinary shares to the following Executive Directors and
persons discharging managerial responsibility:
Participant Share Shares No. of Price at Net No.
Scheme released Shares which Shares of Shares
from DSBS sold sold acquired
Deferred Award (pence)
Share Bonus
Scheme
(“DSBS”)
N Durante 2012 DSBS 31,172 14,654 3,594.5 16,518
J B Stevens 2012 DSBS 21,041 9,893 3,594.5 11,148
A Davy 2012 DSBS 2,100 2,100 3,594.5 0
G Giordano 2012 DSBS 5,523 5,523 3,594.5 0
A Gray 2012 DSBS 9,468 9,468 3,594.5 0
T Marroco 2012 DSBS 3,048 3,048 3,594.5 0
D O’Reilly 2012 DSBS 2,461 1,810 3,594.5 651
N Sethi 2012 DSBS 3,282 3,282 3,594.5 0
J Vandermeulen* 2012 DSBS 3,841 3,841 3,552.0 0
K Wheaton 2012 DSBS 3,219 2,367 3,594.5 852
N R Withington 2012 DSBS 9,889 4,651 3,594.5 5,238
* Mr Vandermeulen’s 2012 DSBS award will be cash settled by the Company.
4. The independent Trustee of the British American Tobacco Group Employee Trust notified the
Company on 31 March 2015 that the awards of British American Tobacco p.l.c. 25p ordinary
shares granted to the following Executive Directors and other persons discharging managerial
responsibilities under the Long-Term Incentive Plan on 28 March 2012 had lapsed on 30
March 2015, none of the performance conditions having been met, as follows:
Participant Share Shares No. of No. of
Scheme under LTIP Shares Shares
Award lapsed vesting
Long-Term
Incentive
Plan (“LTIP”)
N Durante 2012 LTIP 124,688 124,688 0
J B Stevens 2012 LTIP 70,137 70,137 0
J B Abelman 2012 LTIP 6,197 6,197 0
J Bowles 2012 LTIP 25,561 25,561 0
A Davy 2012 LTIP 5,494 5,494 0
G Giordano 2012 LTIP 28,054 28,054 0
A Gray 2012 LTIP 28,054 28,054 0
T Marroco 2012 LTIP 5,645 5,645 0
R Oberlander 2012 LTIP 5,370 5,370 0
D O’Reilly 2012 LTIP 19,326 19,326 0
N Sethi 2012 LTIP 23,067 23,067 0
J Vandermeulen 2012 LTIP 7,114 7,114 0
K Wheaton 2012 LTIP 20,573 20,573 0
N R Withington 2012 LTIP 29,301 29,301 0
5. The independent Trustee of the British American Tobacco Group Employee Trust notified the
Company on 1 April 2015 that it had on 30 March 2015 released the following number of
British American Tobacco p.l.c. 25p ordinary shares to the following person discharging
managerial responsibility:
Participant Share Shares No. of Price at Net No.
Scheme released Shares which Shares of Shares
from DSBS Sold sold (pence) acquired
Deferred Award
Share Bonus
Scheme
(“DSBS”)
J Bowles 2012 DSBS 8,626 3,885 3,594.5 4,741
6. 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 261,746 (including 72,363 Deferred Shares)
J B Stevens 120,196 (including 48,167 Deferred Shares)
J B Abelman 34,603 (including 10,959 Deferred Shares)
J Bowles 92,554 (including 22,987 Deferred Shares)
A Davy 37,079 (including 13,673 Deferred Shares)
G Giordano 31,313 (including 22,942 Deferred Shares)
A M Gray 60,537 (including 23,754 Deferred Shares)
T L Marroco 19,870 (including 9,415 Deferred Shares)
R Oberlander 56,852 (including 18,290 Deferred Shares)
D O’Reilly 23,570 (including 15,553 Deferred Shares)
N Sethi 51,857 (including 19,160 Deferred Shares)
J Vandermeulen 10,556 (including 10,397 Deferred Shares#)
K Wheaton 26,429 (including 16,375 Deferred Shares)
N R Withington 150,001 (including 23,427 Deferred Shares)
#
Of the 10,397 Deferred Shares referred to under Total Beneficial and Family Interests for Mr
Vandermeulen, a total of 2,725 Deferred Shares will be cash settled by the Company.
2 April 2015
Sponsor: UBS South Africa (Pty) Ltd
Date: 02/04/2015 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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