Director/PDMR Shareholding

RNS Number : 3990J
British American Tobacco PLC
29 March 2018
 

 NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

Conditional Share Awards

 

On 26 March 2018, 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 for nil consideration.  The awards for the Executive Directors are exercisable from 26 March 2023 to 25 March 2028 and the awards for the other Participants are exercisable from 26 March 2021 to 25 March 2028, 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 under the name of each Participant set out below:

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Nicandro Durante

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)

£nil

160,503

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

160,503

 

£nil

 

e)

 

Date of the transaction

2018-03-26

f)

 

Place of the transaction

 

London Stock Exchange (XLON)

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

John Benedict Stevens

2

Reason for the notification

a)

Position/status

Finance 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)

£nil

80,264

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

80,264

 

 

£nil

 

e)

Date of the transaction

2018-03-26

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 & 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)

£nil

32,100

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

32,100

 

 

£nil

 

e)

 

Date of the transaction

 

2018-03-26

f)

Place of the transaction

 

London Stock Exchange (XLON)

 

 

1

 

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 Jack Bowles

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)

£nil

43,785

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

 

43,785

 

£nil

e)

Date of the transaction

2018-03-26

f)

Place of the transaction

London Stock Exchange (XLON)

 

1

 

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 Alan Davy

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)

£nil

26,579

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

 

26,579

 

£nil

e)

Date of the transaction

2018-03-26

f)

Place of the transaction

London Stock Exchange (XLON)

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Giovanni Giordano

2

Reason for the notification

 

a)

 

Position/status

Director, Group Human Resources

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)

£nil

34,411

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

34,411

 

 

£nil

 

e)

Date of the transaction

2018-03-26

 

 

f)

Place of the transaction

 

London Stock Exchange (XLON)

 

 

 

1

 

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 Andrew Gray

2

Reason for the notification

a)

Position/status

Chief Marketing 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)

£nil

39,355

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

 

39,355

 

£nil

e)

Date of the transaction

2018-03-26

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

 

 

Regional Director, Europe and North 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)

£nil

28,248

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

28,248

 

 

£nil

 

e)

 

Date of the transaction

 

2018-03-26

f)

 

Place of the transaction

 

London Stock Exchange (XLON)

 

 

1

 

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

David O'Reilly

2

Reason for the notification

a)

Position/status

Group Scientific 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)

£nil

24,364

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

 

24,364

 

£nil

e)

Date of the transaction

2018-03-26

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

1

 

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Ricardo Oberlander

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)

£nil

38,520

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

38,520

 

£nil

e)

Date of the transaction

2018-03-26

f)

Place of the transaction

London Stock Exchange (XLON)

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Naresh Sethi

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)

£nil

29,693

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

29,693

 

 

£nil

e)

 

Date of the transaction

 

2018-03-26

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, 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)

£nil

30,335

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

30,335

 

 

£nil

e)

 

Date of the transaction

 

2018-03-26

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

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)

£nil

32,100

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

32,100

 

£nil

e)

Date of the transaction

2018-03-26

f)

Place of the transaction

London Stock Exchange (XLON)

 

Name of officer of issuer responsible for making notification: Sophie Kerr

Date of notification: 29 March 2018

 


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