Director/PDMR Shareholding

RNS Number : 3548J

British American Tobacco PLC

02 April 2015

 

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

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

1.         On 27 March 2015, 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 Deferred Share Bonus Scheme at an award price of 3,625 pence per Share.  Awards under the Deferred Share Bonus Scheme are conditional awards of shares which are held in trust for three years and no further performance conditions apply in that period.

Participant	Deferred Shares Awarded
N Durante	19,419
J B Stevens	12,732
J B Abelman	1,706
J Bowles	7,359
A Davy	5,358
G Giordano	7,073
A M Gray	7,716
T L Marroco	3,825
R Oberlander	6,108
D O'Reilly	5,001
N K Sethi	6,108
J Vandermeulen	5,134
K Wheaton	5,158
N R Withington	7,144

2.         On 27 March 2015, the Company granted awards of British American Tobacco p.l.c. 25p ordinary shares to the Executive Directors and other persons discharging managerial responsibilities listed below under the British American Tobacco Long-Term Incentive Plan at an award price of 3,625 pence per Share.  The awards are exercisable from 27 March 2018 to 26 March 2025, subject to the satisfaction of performance conditions specified on the award date.  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 opposite the name of each Participant set out below:

Participant	No. of Shares comprised in Award
N Durante	127,448
J B Stevens	69,641
J B Abelman	23,448
J Bowles	35,517
A Davy	25,862
G Giordano	34,137
A M Gray	37,241
T L Marroco	24,137
R Oberlander	29,482
D O'Reilly	24,137
N K Sethi	29,482
J Vandermeulen	28,620
K Wheaton	29,482

3.         The independent Trustee of the British American Tobacco Group Employee Trust notified the Company on 31 March 2015 that it had on 30 March 2015 released the following number of British American Tobacco p.l.c. 25p ordinary shares to the following Executive Directors and persons discharging managerial responsibility:

Participant	Share Scheme Deferred Share Bonus Scheme ("DSBS")	Shares released from DSBS Award	No. of Shares sold	Price at which Shares sold (pence)	Net No. of Shares acquired
N Durante	2012 DSBS	31,172	14,654	3,594.5	16,518
J B Stevens	2012 DSBS	21,041	9,893	3,594.5	11,148
A Davy	2012 DSBS	2,100	2,100	3,594.5	0
G Giordano	2012 DSBS	5,523	5,523	3,594.5	0
A Gray	2012 DSBS	9,468	9,468	3,594.5	0
T Marroco	2012 DSBS	3,048	3,048	3,594.5	0
D O'Reilly	2012 DSBS	2,461	1,810	3,594.5	651
N Sethi	2012 DSBS	3,282	3,282	3,594.5	0
J Vandermeulen*	2012 DSBS	3,841	3,841	3,552.0	0
K Wheaton	2012 DSBS	3,219	2,367	3,594.5	852
N R Withington	2012 DSBS	9,889	4,651	3,594.5	5,238

* Mr Vandermeulen's 2012 DSBS award will be cash settled by the Company.

4.         The independent Trustee of the British American Tobacco Group Employee Trust notified the Company on 31 March 2015 that the awards of British American Tobacco p.l.c. 25p ordinary shares granted to the following Executive Directors and other persons discharging managerial responsibilities under the Long-Term Incentive Plan on 28 March 2012 had lapsed on 30 March 2015, none of the performance conditions having been met, as follows:

Participant	Share Scheme Long-Term Incentive Plan ("LTIP")	Shares under LTIP Award	No. of Shares lapsed	No. of Shares vesting
N Durante	2012 LTIP	124,688	124,688	0
J B Stevens	2012 LTIP	70,137	70,137	0
J B Abelman	2012 LTIP	6,197	6,197	0
J Bowles	2012 LTIP	25,561	25,561	0
A Davy	2012 LTIP	5,494	5,494	0
G Giordano	2012 LTIP	28,054	28,054	0
A Gray	2012 LTIP	28,054	28,054	0
T Marroco	2012 LTIP	5,645	5,645	0
R Oberlander	2012 LTIP	5,370	5,370	0
D O'Reilly	2012 LTIP	19,326	19,326	0
N Sethi	2012 LTIP	23,067	23,067	0
J Vandermeulen	2012 LTIP	7,114	7,114	0
K Wheaton	2012 LTIP	20,573	20,573	0
N R Withington	2012 LTIP	29,301	29,301	0

5.         The independent Trustee of the British American Tobacco Group Employee Trust notified the Company on 1 April 2015 that it had on 30 March 2015 released the following number of British American Tobacco p.l.c. 25p ordinary shares to the following person discharging managerial responsibility:

Participant	Share Scheme Deferred Share Bonus Scheme ("DSBS")	Shares released from DSBS Award	No. of Shares Sold	Price at which Shares sold (pence)	Net No. of Shares acquired
J Bowles	2012 DSBS	8,626	3,885	3,594.5	4,741

6.         Following the above transactions, the total beneficial and family interests in British American Tobacco p.l.c. 25p ordinary shares of the following persons discharging managerial responsibilities was as follows:

Participant	Total Beneficial and Family Interests following this Notification
N Durante	261,746 (including 72,363 Deferred Shares)
J B Stevens	120,196 (including 48,167 Deferred Shares)
J B Abelman	34,603 (including 10,959 Deferred Shares)
J Bowles	92,554 (including 22,987 Deferred Shares)
A Davy	37,079 (including 13,673 Deferred Shares)
G Giordano	31,313 (including 22,942 Deferred Shares)
A M Gray	60,537 (including 23,754 Deferred Shares)
T L Marroco	19,870 (including 9,415 Deferred Shares)
R Oberlander	56,852 (including 18,290 Deferred Shares)
D O'Reilly	23,570 (including 15,553 Deferred Shares)
N Sethi	51,857 (including 19,160 Deferred Shares)
J Vandermeulen	10,556 (including 10,397 Deferred Shares#)
K Wheaton	26,429 (including 16,375 Deferred Shares)
N R Withington	150,001 (including 23,427 Deferred Shares)

^#  Of the 10,397 Deferred Shares referred to under Total Beneficial and Family Interests for Mr Vandermeulen, a total of 2,725 Deferred Shares will be cash settled by the Company.

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

B M Creegan

Assistant Secretary

2 April 2015

Enquiries:

Investor Relations

Mike Nightingale/Rachael Brierley         [phone]/1519

British American Tobacco Press Office

Will Hill/Anna Vickerstaff                            [phone]

 

END

 

 

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