Director/PDMR Shareholding

RNS Number : 4561O

British American Tobacco PLC

06 August 2014

 

NOTIFICATION OF TRANSACTIONS BY DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

Notification made in accordance with Disclosure Rule 3.1.4R(1)(a) of the Disclosure Rules and Transparency Rules.

On 5 August 2014, the Company approved the following transactions in respect of Mr Giovanni Giordano, a person discharging managerial responsibilities:

a)    The partial waiver of Mr Giordano's 2012 Long-Term Incentive Plan award in respect of 18,236 British American Tobacco p.l.c. ordinary shares (the "Shares") (the "Waiver"), resulting in a balance of 28,054 Shares remaining under that award.

b)    In consideration of the Waiver, on 5 August 2014 Mr Giordano received 5,438 Shares based on an award price of 2,805 pence per Share and a cash payment of £166,117.90 (together, the "Aggregate Award").  The cash payment has been withheld to satisfy the tax liability on the Aggregate Award.

Following the above transactions, Mr Giordano has a total beneficial and family interest in 30,168 Shares (including 21,392 Deferred Shares).

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

B M Creegan

Assistant Secretary

020 7845 1927

6 August 2014

Enquiries:

Investor Relations
Mike Nightingale          [phone]

Rachael Brierley         [phone]

Sabina Marshman       [phone]

British American Tobacco Press Office
Will Hill                        [phone]

 

END

 

 

RDSZQLFBZVFZBBZ