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British American Tobacco p.l.c. - TR-1: Notification of major holdings
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.
TR-1: Notification of major holdings
1a. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are British American Tobacco p.l.c.
attachedii:
1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an “X”)
An acquisition or disposal of voting rights X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
Name The Capital Group Companies, Inc. (“CGC”)
City and country of registered office (if applicable) Los Angeles, CA 90071, USA
4. Full name of shareholder(s) (if different from 3.)v
Name N/A
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or
3 January 2020
reachedvi:
6. Date on which issuer notified (DD/MM/YYYY): 6 January 2020
7. Total positions of person(s) subject to the notification obligation
% of voting rights
% of voting rights Total number of
through financial Total of both in %
attached to shares voting rights of
instruments (8.A + 8.B)
(total of 8. A) issuervii
(total of 8.B 1 + 8.B 2)
Resulting situation
on the date on which 12.0049% 0.0000% 12.0049% 2,293,875,148
threshold was
crossed or reached
Position of previous
11.0532% 0.0000% 11.0532%
notification (if
applicable)
8. Notified details of the resulting situation on the date on which the threshold was crossed or
reachedviii
A: Voting rights attached to shares
Class/type of Number of voting rightsix % of voting rights
shares
ISIN code (if Direct Indirect Direct Indirect
(Art 9 of Directive (Art 10 of Directive (Art 9 of Directive (Art 10 of Directive
possible) 2004/109/EC) (DTR5.1) 2004/109/EC) 2004/109/EC) (DTR5.1) 2004/109/EC) (DTR5.2.1)
(DTR5.2.1)
Ordinary Shares
249,434,817 10.8739%
(ISIN:GB0002875804)
ADRs
25,941,762 1.1309%
(ISIN:US1104481072)
SUBTOTAL 8. A 275,376,579 12.0049%
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Number of voting rights
Type of financial Expiration Exercise/ that may be acquired if
% of voting rights
instrument datex Conversion Periodxi the instrument is
exercised/converted.
N/A
SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive
2004/109/EC (DTR5.3.1.1 (b))
Type of Exercise/ Physical or
Expiration Number of
financial Conversion cash % of voting rights
datex voting rights
instrument Period xi settlementxii
N/A
SUBTOTAL
8.B.2
9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an “X”)
Person subject to the notification obligation is not controlled by any natural person or legal entity and does
xiii
not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are
xiv
effectively held starting with the ultimate controlling natural person or legal entity (please add additional X
rows as necessary)
% of voting rights
% of voting rights if it
through financial Total of both if it equals
equals or is higher
Namexv instruments if it equals or is higher than the
than the notifiable
or is higher than the notifiable threshold
threshold
notifiable threshold
The Capital Group
Companies, Inc.
12.0049% 0.0000% 12.0049%
Holdings by CG
Management companies
are set out below:
• Capital Bank & Trust
2
Company
• Capital International,
1
Inc.
• Capital International
1
Limited
• Capital International
1
Sàrl
• Capital Research and 11.7498% 0.0000% 11.7498%
2
Management Company
1
Indirect subsidiaries of Capital Research and Management Company.
2
Subsidiary of The Capital Group Companies, Inc.
10. In case of proxy voting, please identify:
Name of the proxy holder N/A
The number and % of voting rights held N/A
The date until which the voting rights will be held N/A
11. Additional informationxvi
The Capital Group Companies, Inc. (“CGC”) is the parent company of Capital Research and Management
Company (“CRMC”) and Capital Bank & Trust Company (“CB&T”). CRMC is a U.S.-based investment
management company that serves as investment manager to the American Funds family of mutual funds,
other pooled investment vehicles, as well as individual and institutional clients. CRMC and its investment
manager affiliates manage equity assets for various investment companies through three divisions, Capital
Research Global Investors, Capital International Investors and Capital World Investors. CRMC is the parent
company of Capital Group International, Inc. (“CGII”), which in turn is the parent company of four investment
management companies (“CGII management companies”): Capital International, Inc., Capital International
Limited, Capital International Sàrl and Capital International K.K. CGII management companies and CB&T
primarily serve as investment managers to institutional and high net worth clients. CB&T is a U.S.-based
investment management company that is a registered investment adviser and an affiliated federally
chartered bank.
Neither CGC nor any of its affiliates own shares of your company for its own account. Rather, the shares
reported on this Notification are owned by accounts under the discretionary investment management of one
or more of the investment management companies described above.
Place of completion Los Angeles, CA, USA
Date of completion 6 January 2020
Name of duly authorised officer of issuer responsible for making notification:
O Martin
Assistant Secretary
British American Tobacco p.l.c.
7 January 2020
Enquiries:
Investor Relations
Mike Nightingale/Rachael Brierley/John Harney
+44 20 7845 1180/1519/1263
Sponsor: UBS South Africa (Pty) Ltd
Date: 07-01-2020 04:00:00
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