EX-3 4 ex-3.htm PRESS RELEASE
Exhibit 3

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 20 March 2024, the Company granted awards of British American Tobacco p.l.c. 25p ordinary shares (the “Shares”) to the Executive Director and other persons discharging managerial responsibilities (the “Participants”) listed below under the British American Tobacco Long-Term Incentive Plan at an award price of 2,384 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 Director’s 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
Tadeu Marroco
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)
 
 
£23.84
281,816
 
       
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
281,816
 
£6,718,493.44
e)
Date of the transaction
2024-03-20
f)
Place of the transaction
Outside a trading venue



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 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)
 
 
£23.84
58,973
 
       
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
58,973
 
£1,405,916.32
e)
Date of the transaction
2024-03-20
f)
Place of the transaction
Outside a trading venue



1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
James Barrett
2
Reason for the notification
a)
Position/status
Director, Business Development
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)
 
 
£23.84
41,107
 
       
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
41,107
 
£979,990.88
e)
Date of the transaction
2024-03-20
f)
Place of the transaction
Outside a trading venue



1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Luciano Comin
2
Reason for the notification
a)
Position/status
Marketing Director, Combustibles & 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)
 
 
£23.84
61,661
 
       
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
61,661
 
£1,469,998.24
e)
Date of the transaction
2024-03-20
f)
Place of the transaction
Outside a trading venue



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, Middle East and 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)
 
 
£23.84
51,883
 
       
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
51,883
 
£1,236,890.72
e)
Date of the transaction
2024-03-20
f)
Place of the transaction
Outside a trading venue



1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Javed Iqbal
2
Reason for the notification
a)
Position/status
Interim Finance Director, and 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)
 
 
£23.84
66,799
 
       
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
66,799
 
£1,592,488.16
e)
Date of the transaction
2024-03-20
f)
Place of the transaction
Outside a trading venue



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)
 
 
£23.84
51,883
 
       
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
51,883
 
£1,236,890.72
e)
Date of the transaction
2024-03-20
f)
Place of the transaction
Outside a trading venue



1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Cora Koppe-Stahrenberg
2
Reason for the notification
a)
Position/status
Chief People 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)
 
 
£23.84
56,522
 
       
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
56,522
 
£1,347,484.48
e)
Date of the transaction
2024-03-20
f)
Place of the transaction
Outside a trading venue



1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Paul McCrory
2
Reason for the notification
a)
Position/status
Director, Corporate and Regulatory Affairs
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)
 
 
£23.84
41,107
 
       
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
41,107
 
£979,990.88
e)
Date of the transaction
2024-03-20
f)
Place of the transaction
Outside a trading venue



1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Fred Monteiro
2
Reason for the notification
a)
Position/status
Regional Director, Americas & 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)
 
 
£23.84
47,931
 
       
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
47,931
 
£1,142,675.04
e)
Date of the transaction
2024-03-20
f)
Place of the transaction
Outside a trading venue



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)
 
 
£23.84
43,162
 
       
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
43,162
 
£1,028,982.08
e)
Date of the transaction
2024-03-20
f)
Place of the transaction
Outside a trading venue



1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Johan Vandermeulen
2
Reason for the notification
a)
Position/status
Chief Operating 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)
 
 
£23.84
73,993
 
       
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
73,993
 
£1,763,993.12
e)
Date of the transaction
2024-03-20
f)
Place of the transaction
Outside a trading venue



1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
David Waterfield
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)
 
 
£23.84
51,384
 
       
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
51,384
 
£1,224,994.56
e)
Date of the transaction
2024-03-20
f)
Place of the transaction
Outside a trading venue



1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Kingsley Wheaton
2
Reason for the notification
a)
Position/status
Chief Strategy and 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)
 
 
£23.84
71,533
 
       
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
71,533
 
£1,705,346.72
e)
Date of the transaction
2024-03-20
f)
Place of the transaction
Outside a trading venue

Name of officer of issuer responsible for making notification: Nancy Jiang
 
Date of notification: 22 March 2024