Change in ADS ratio

RNS Number : 0709U

British American Tobacco PLC

13 January 2017

 

British American Tobacco p.l.c. - Change in ADS ratio

British American Tobacco p.l.c. (the "Company") today announces an intended ratio change to its NYSE-listed sponsored Level 2 American Depositary Receipt ("ADR") programme. The current ratio is one (1) American Depositary Share ("ADS") to two (2) Ordinary shares in the Company. The new ratio will be one (1) ADS to one (1) Ordinary share in the Company. The expected effective date for the ratio change is 14 February 2017. There will be no change to the underlying Ordinary shares of the Company.

ADS holders at the close of business New York time on the record date of 6 February 2017, will receive a distribution of one (1) additional ADS for each ADS held. The new ADSs are expected to be distributed on

13 February 2017. No action is required by ADS holders to effect this change.

Contact details for Citibank, N.A., the Company's ADR depositary, are set out below.

G C W Cunnington

Deputy Secretary

British American Tobacco p.l.c.

13 January 2017

Citibank Shareholder Services

PO Box 43077

Providence

Rhode Island 02940-3077

USA

Tel: [phone] (toll-free)

Tel: [phone]

email enquiries: [e-mail]

website: www.citi.com/dr

Investor and Media Enquiries:

Investor Relations

Mike Nightingale/Rachael Brierley/Sabina Marshman        

+ 44 20 7845 1180/1519/1781

British American Tobacco Press Office

Anna Vickerstaff                           

+ 44 20 7845 2888 

 

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