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

Release Date: 15/01/2021 16:30
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 at-                      British American Tobacco p.l.c.
  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                                                           X

  An event changing the breakdown of voting rights

  Other (please specify)iii:

  3. Details of person subject to the notification obligationiv
                                                              Spring Mountain Investments Ltd.
  Name                                                        Northfield Investments Limited
                                                              LBS Limited
  City and country of registered office (if applicable)       Grand Cayman, Cayman Islands

  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
                                                              January 12 2021

  6. Date on which issuer notified (DD/MM/YYYY):              January 14 2021

  7. Total positions of person(s) subject to the notification obligation
                                                  % of voting rights
                          % of voting rights     through financial in-                           Total number of
                                                                           Total of both in %
                          attached to shares          struments                                  voting rights of
                                                                              (8.A + 8.B)
                             (total of 8. A)     (total of 8.B 1 + 8.B                           issuervii
  Resulting situation
  on the date on               4.8179%                    0.2206%               5.0386%           2,294,244,351
  which threshold

was crossed or
Position of previ-
ous notification (if       3.8718%                 0.1584%             4.0302%

8. Notified details of the resulting situation on the date on which the threshold was crossed or
A: Voting rights attached to shares
Class/type of          Number of voting rightsix               % of voting rights
ISIN code (if possi-         Direct            Indirect               Direct                Indirect
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:GB0002875804)    106,561,197                             4.6447%
(ISIN: US1104481072)   3,973,516                               0.1732%

SUBTOTAL 8. A                        110,534,713                                4.8179%

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 ac-
Type of financial                    Exercise/                                        % of voting
                       tion                                  quired if the instru-
instrument                           Conversion Periodxi                              rights
                       datex                                 ment is

                                     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
                      x          Conversion      cash
cial instrument date                                               voting rights rights
                                 Period xi       settlementxii
Total Return      December 10,                   Cash              5,062,024        0.2206%
Swap              2021

                                                                      5,062,024       0.2206%

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
entity (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
Kenneth Bryan Dart

Portfolio Services Ltd.
Spring Mountain Invest-
                                      4.4605%                       0.00%                       4.4605%
ments Ltd.
Northfield Investments
LBS Limited

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

Place of completion       Grand Cayman, Cayman Islands

Date of completion        January 14, 2021

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

O Martin
Assistant Secretary
British American Tobacco p.l.c.

15 January 2021

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

Sponsor: UBS South Africa (Pty) Ltd


Date: 15-01-2021 04:30:00
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