Holding(s) in Company

RNS Number : 4234H

British American Tobacco PLC

04 November 2008

 



British American Tobacco p.l.c.

4 November 2008

British American Tobacco p.l.c. received the following notification on 4 November 2008:-

QUOTE

TR-1: Notification of Major Interests in Shares

1.    Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

British American Tobacco p.l.c.

2.    Reason for the notification (please state Yes/No)

An acquisition or disposal of voting rights (Yes)

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached (No)

An event changing the breakdown of voting rights (No)

Other: 

3.    Full name of person(s) subject to the notification obligation:

Reinet Investments S.C.A. 

4.    Full name of shareholder(s) (if different from 3):

Reinet Investments S.C.A. (direct as to 90% of total notifiable holding, indirect as to other 10%)

Reinet Jersey Holdings Limited (direct as to 10% of total notifiable holding)

5.    Date of the transaction (and date on which the threshold is crossed or reached if different):  1 November 2008

6.    Date on which issuer notified:

4 November 2008

7.    Threshold(s) that is/are crossed or reached:

19%

8.    Notified details:

A. Voting rights attached to shares

Class/type of shares	Situation previous to the Triggering transaction		Resulting situation after the triggering transaction
	Number of Shares	Number of Voting Rights	Number of shares	Number of voting rights		% of voting rights
				Direct	Indirect	Direct	Indirect
Ordinary shares of 25 pence each ISIN:   GB0002875804	604,336,627	604,336,627	390,036,627	351,032,964	39,003,663	17.56%	1.95%

B. Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument	Expiration date	Exercise/Conversion Period/Date	Number of voting rights that may be acquired if the instrument is exercised/converted	% of voting rights
N/A

Total (A+B)

Number of voting rights        % of voting rights

390,036,627            19.51%

9.    Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

R&R Holdings S.A. ("R&R") previously held 604,336,627 ordinary shares issued by British American Tobacco p.l.c. (representing 30.1% of the issued share capital of BAT) and Reinet Investments S.C.A. was the ultimate parent company of R&R for the purposes of the Disclosure and Transparency Rules. R&R has transferred 19.5% of its holding of British American Tobacco Plc shares to Reinet Jersey Holdings Limited and Reinet Investments S.C.A. upon the cancellation of Reinet Investments S.C.A. and Reinet Jersey Holdings Limited's interest in R&R. Reinet Jersey Holdings Limited is a wholly owned subsidiary of Reinet Investments S.C.A.. Following the transfer, Reinet Investments S.C.A held 351, 032, 964 BAT shares directly and 39,003,663 indirectly through Reinet Jersey Holdings Limited. Reinet Investments S.C.A's overall holding of British American Tobacco p.l.c. shares for the purposes of the Disclosure and Transparency Rules has therefore been reduced to 19.5%

Proxy voting

10.    Name of the proxy holder:

N/A

11.    Number of voting rights proxy holder will cease to hold:

N/A

12.    Date on which proxy holder will cease to hold voting rights:

N/A

13.    Additional information:

The total number of voting rights in the issuer used to calculate the relevant percentages in this notification was 1,998,487,084, being the number disclosed by the issuer to the market on 3 November 2008.

Contact name: 

14.    Alan Grieve

15.    Contact telephone number:

[phone]

UNQUOTE

Geoffrey Cunnington

Deputy Secretary

British American Tobacco p.l.c.

Tel: [phone]

 

END

 

 

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