EX-2 3 ex-2.htm PRESS RELEASE - LTIP AWARD
Exhibit 2

British American Tobacco p.l.c.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

Conditional Share Awards

On 22 March 2023, 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 British American Tobacco Long-Term Incentive Plan at an award price of 2,971 pence per Share.  The awards will vest three years from the grant date, subject to the satisfaction of performance conditions specified on the award date.  The Executive Directors’ awards are subject to an additional two-year vesting period.  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 under the name of each Participant set out below:

1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Jack Bowles
2
Reason for the notification
a)
Position/status
Chief Executive
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
British American Tobacco p.l.c.
b)
LEI
213800FKA5MF17RJKT63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 
Identification code
Ordinary shares of 25p each
 
GB0002875804
b)
Nature of the transaction
Award of shares under the Long-Term Incentive Plan
c)
Price(s) and volume(s)
        
 
Price(s)
Volume(s)
  
 
£29.71
223,091
  
       
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
223,091
 
£6,628,033.61
e)
Date of the transaction
2023-03-22
f)
Place of the transaction
London Stock Exchange (XLON)


1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Tadeu Marroco
2
Reason for the notification
a)
Position/status
Finance and Transformation Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
British American Tobacco p.l.c.
b)
LEI
213800FKA5MF17RJKT63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 
Identification code
Ordinary shares of 25p each
 
GB0002875804
b)
Nature of the transaction
Award of shares under the Long-Term Incentive Plan
c)
Price(s) and volume(s)
        
 
Price(s)
Volume(s)
  
 
£29.71
108,165
  
       
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
108,165
 
£3,213,582.15
e)
Date of the transaction
2023-03-22
f)
Place of the transaction
London Stock Exchange (XLON)


1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Jerome Abelman
2
Reason for the notification
a)
Position/status
Director, Legal and External Affairs and General Counsel
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
British American Tobacco p.l.c.
b)
LEI
213800FKA5MF17RJKT63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 
Identification code
Ordinary shares of 25p each
 
GB0002875804
b)
Nature of the transaction
Award of shares under the Long-Term Incentive Plan
c)
Price(s) and volume(s)
        
 
Price(s)
Volume(s)
  
 
£29.71
39,001
  
       
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
39,001
 
£1,158,719.71
e)
Date of the transaction
2023-03-22
f)
Place of the transaction
London Stock Exchange (XLON)


1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Luciano Comin
2
Reason for the notification
a)
Position/status
Regional Director, Americas and Sub-Saharan Africa
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
British American Tobacco p.l.c.
b)
LEI
213800FKA5MF17RJKT63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 
Identification code
Ordinary shares of 25p each
 
GB0002875804
b)
Nature of the transaction
Award of shares under the Long-Term Incentive Plan
c)
Price(s) and volume(s)
        
 
Price(s)
Volume(s)
  
 
£29.71
37,073
  
       
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
37,073
 
£1,101,438.83
e)
Date of the transaction
2023-03-22
f)
Place of the transaction
London Stock Exchange (XLON)


1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Hae In Kim
2
Reason for the notification
a)
Position/status
Director, Talent, Culture and Inclusion
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
British American Tobacco p.l.c.
b)
LEI
213800FKA5MF17RJKT63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 
Identification code
Ordinary shares of 25p each
 
GB0002875804
b)
Nature of the transaction
Award of shares under the Long-Term Incentive Plan
c)
Price(s) and volume(s)
        
 
Price(s)
Volume(s)
  
 
£29.71
36,626
  
       
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
36,626
 
£1,088,158.46
e)
Date of the transaction
2023-03-22
f)
Place of the transaction
London Stock Exchange (XLON)


1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Paul Lageweg
2
Reason for the notification
a)
Position/status
Director, New Categories
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
British American Tobacco p.l.c.
b)
LEI
213800FKA5MF17RJKT63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 
Identification code
Ordinary shares of 25p each
 
GB0002875804
b)
Nature of the transaction
Award of shares under the Long-Term Incentive Plan
c)
Price(s) and volume(s)
        
 
Price(s)
Volume(s)
  
 
£29.71
37,161
  
       
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
37,161
 
£1,104,053.31
e)
Date of the transaction
2023-03-22
f)
Place of the transaction
London Stock Exchange (XLON)


1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Guy Meldrum
2
Reason for the notification
a)
Position/status
President and CEO, Reynolds American Inc.
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
British American Tobacco p.l.c.
b)
LEI
213800FKA5MF17RJKT63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 
Identification code
Ordinary shares of 25p each
 
GB0002875804
b)
Nature of the transaction
Award of shares under the Long-Term Incentive Plan
c)
Price(s) and volume(s)
        
 
Price(s)
Volume(s)
  
 
£29.71
43,907
  
       
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
43,907
 
£1,304,476.97
e)
Date of the transaction
2023-03-22
f)
Place of the transaction
London Stock Exchange (XLON)


1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Johan Vandermeulen
2
Reason for the notification
a)
Position/status
Regional Director, Europe
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
British American Tobacco p.l.c.
b)
LEI
213800FKA5MF17RJKT63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 
Identification code
Ordinary shares of 25p each
 
GB0002875804
b)
Nature of the transaction
Award of shares under the Long-Term Incentive Plan
c)
Price(s) and volume(s)
        
 
Price(s)
Volume(s)
  
 
£29.71
41,359
  
       
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
41,359
 
£1,228,775.89
e)
Date of the transaction
2023-03-22
f)
Place of the transaction
London Stock Exchange (XLON)


1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Michael Dijanosic
2
Reason for the notification
a)
Position/status
Regional Director, Asia-Pacific and Middle East
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
British American Tobacco p.l.c.
b)
LEI
213800FKA5MF17RJKT63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 
Identification code
Ordinary shares of 25p each
 
GB0002875804
b)
Nature of the transaction
Award of shares under the Long-Term Incentive Plan
c)
Price(s) and volume(s)
        
 
Price(s)
Volume(s)
  
 
£29.71
33,665
  
       
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
33,665
 
£1,000,187.15
e)
Date of the transaction
2023-03-22
f)
Place of the transaction
London Stock Exchange (XLON)


1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Kingsley Wheaton
2
Reason for the notification
a)
Position/status
Chief Growth Officer
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
British American Tobacco p.l.c.
b)
LEI
213800FKA5MF17RJKT63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 
Identification code
Ordinary shares of 25p each
 
GB0002875804
b)
Nature of the transaction
Award of shares under the Long-Term Incentive Plan
c)
Price(s) and volume(s)
        
 
Price(s)
Volume(s)
  
 
£29.71
47,999
  
       
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
47,999
 
£1,426,050.29
e)
Date of the transaction
2023-03-22
f)
Place of the transaction
London Stock Exchange (XLON)


1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
James Murphy
2
Reason for the notification
a)
Position/status
Director, Research and Science
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
British American Tobacco p.l.c.
b)
LEI
213800FKA5MF17RJKT63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 
Identification code
Ordinary shares of 25p each
 
GB0002875804
b)
Nature of the transaction
Award of shares under the Long-Term Incentive Plan
c)
Price(s) and volume(s)
        
 
Price(s)
Volume(s)
  
 
£29.71
26,664
  
       
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
26,664
 
£792,187.44
e)
Date of the transaction
2023-03-22
f)
Place of the transaction
London Stock Exchange (XLON)


1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Zafar Khan
2
Reason for the notification
a)
Position/status
Director, Operations
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
British American Tobacco p.l.c.
b)
LEI
213800FKA5MF17RJKT63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 
Identification code
Ordinary shares of 25p each
 
GB0002875804
b)
Nature of the transaction
Award of shares under the Long-Term Incentive Plan
c)
Price(s) and volume(s)
        
 
Price(s)
Volume(s)
  
 
£29.71
33,665
  
       
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
33,665
 
£1,000,187.15
e)
Date of the transaction
2023-03-22
f)
Place of the transaction
London Stock Exchange (XLON)


1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Javed Iqbal
2
Reason for the notification
a)
Position/status
Director, Digital and Information
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
British American Tobacco p.l.c.
b)
LEI
213800FKA5MF17RJKT63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 
Identification code
Ordinary shares of 25p each
 
GB0002875804
b)
Nature of the transaction
Award of shares under the Long-Term Incentive Plan
c)
Price(s) and volume(s)
        
 
Price(s)
Volume(s)
  
 
£29.71
29,686
  
       
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
29,686
 
£881,971.06
e)
Date of the transaction
2023-03-22
f)
Place of the transaction
London Stock Exchange (XLON)

Name of officer of issuer responsible for making notification: Claire Dhokia
 
Date of notification: 23 March 2023