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BRITISH AMERICAN TOBACCO PLC - TR-1: Notification of major holdings

Release Date: 23/07/2020 17:00
Code(s): BTI     PDF:  
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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
                                                           20 July 2020
reachedvi:

6. Date on which issuer notified (DD/MM/YYYY):             22 July 2020

7. Total positions of person(s) subject to the notification obligation
                                                % of voting rights
                        % of voting rights       through financial                             Total number of
                                                                          Total of both in %
                        attached to shares          instruments                                voting rights of
                                                                             (8.A + 8.B)
                           (total of 8. A)     (total of 8.B 1 + 8.B                           issuervii
                                                         2)
Resulting situation
on the date on
                             11.9779%                   0.0000               11.9779%           2,294,223,710
which threshold
was crossed or

                                                                                                            1
reached

Position of previ-
ous notification (if      12.0475%                 0.0000%             12.0475%
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
                              Direct            Indirect               Direct               Indirect
 ISIN code (if possi-
 ble)                   (Art 9 of Directive  (Art 10 of Di-      (Art 9 of Directive      (Art 10 of Di-
                          2004/109/EC)            rective          2004/109/EC)              rective
                             (DTR5.1)        2004/109/EC)             (DTR5.1)            2004/109/EC)
                                              (DTR5.2.1)                                   (DTR5.2.1)
 Ordinary Shares
 (ISIN:GB000287580                         243,863,874                                  10.6295%
 4)
 ADRs
 (ISIN:US110448107                         30,936,531                                   1.3485%
 2)


 SUBTOTAL 8. A                       243,800,405                                11.9779%



 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
                                                              Number of voting
                        Expira-                               rights that may be
 Type of financial                  Exercise/                                           % of voting
                        tion                                  acquired if the instru-
 instrument                         Conversion Periodxi                                 rights
                        datex                                 ment 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))
                                  Exercise/        Physical or
 Type of finan-    Expiration                                       Number of        % of voting
                                  Conversion       cash
 cial instrument datex                    xi                  xii   voting rights rights
                                  Period           settlement
 N/A




                                                                                                      2
                                                          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 not control any other undertaking(s) holding directly or indirectly an interest in the (under-
lying) issuerxiii
Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal      X
entityxiv (please add additional rows as necessary)
                                                             % of voting rights
                               % of voting rights if it                                    Total of both if it
                                                            through financial in-
                  xv             equals or is higher                                      equals or is higher
            Name                                           struments if it equals
                                  than the notifiable                                     than the notifiable
                                                            or is higher than the
                                      threshold                                                threshold
                                                            notifiable threshold
The Capital Group
Companies, Inc.
Holdings by CG Man-                   11.9779%                     0.0000%                     11.9779%
agement companies are
set out below:
• Capital Bank & Trust
Company2
• Capital International,
Inc.1
• Capital International
Limited1
• Capital International
Sàrl1
• Capital Research and
                                      11.7057%                     0.0000%                     11.7057%
Management Company2
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


                                                                                                            3
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 compa-
nies 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       22 July 2020


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

S Kerr
Assistant Secretary
British American Tobacco p.l.c.

23 July 2020

Enquiries:
Investor Relations
Mike Nightingale/Victoria Buxton/William Houston/John Harney
+44 20 7845 1180/2012/1138/1263



Sponsor: UBS South Africa (Pty) Ltd




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Date: 23-07-2020 05:00:00
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