British American Tobacco PLC
28 April 2008
British American Tobacco p.l.c.
28 April 2008
British American Tobacco p.l.c. received the following notification on 28 April
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 (No)
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 (please specify): (Yes) The issuer has bought back its own shares in the
market for cancellation. As a consequence of this reduction in share capital,
the notifier's percentage interest in the issuer has increased and reached the
threshold.
3. Full name of person(s) subject to the notification obligation:
Compagnie Financiere Richemont S.A.
4. Full name of shareholder(s) (if different from 3):
Compagnie Financiere Richemont S.A. (indirect)
Richemont S.A. (indirect)
R&R Holdings S.A. (direct)
5. Date of the transaction (and date on which the threshold is crossed or
reached if different): 25 April 2008
6. Date on which issuer notified:
28 April 2008
7. Threshold(s) that is/are crossed or reached:
30 per cent
8. Notified details:
A. Voting rights attached to shares
Class/type of Situation Resulting
shares previous to the situation after
Triggering the triggering
transaction transaction
Number of Number of Number of Number of % of voting
Shares Voting Rights shares voting rights rights
Direct Indirect Direct Indirect
Ordinary shares 604,336,627 604,336,627 604,336,627 604,336,627 30.0%
of 25 pence
each
ISIN:
GB0002875804
B. Financial Instruments
Resulting situation after the triggering transaction
Type of financial Expiration date Exercise/Conversion Number of voting rights % of voting
rights
instrument Period/Date that may be acquired if
the instrument is
exercised/converted
N/A
Total (A+B)
Number of voting rights % of voting rights
604,336,627 30.0 per cent.
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. is a direct shareholder of the issuer (holding 604,336,627
ordinary shares of 25 pence each). Richemont S.A. is the parent undertaking of
R&R Holdings S.A. for the purposes of the DTRs. Compagnie Financiere Richemont
S.A. is Richemont S.A.'s own parent undertaking for those purposes.
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 2,014,396,166, being the number disclosed
by the issuer to the market on 25 April 2008.
14. Contact name:
Alan Grieve / Matthew Kilgarriff
15. Contact telephone number:
+41 22 721 3506 / +41 22 721 3504
UNQUOTE
Note: In 2007, the Panel on Takeovers and Mergers (the "Panel") granted a
waiver of the requirement for R&R Holdings S.A. ("R&R") under the City Code to
make a general offer for the remainder of the entire issued share capital of
British American Tobacco p.l.c. (the "Company") in the event of R&R reaching or
exceeding 30 per cent of the Company's issued share capital (the "Waiver"). The
Waiver was approved by the Company's shareholders (excluding R&R) at the
Company's AGM in April 2007 at which time it was noted that the Directors of the
Company expected to continue to seek annual approval of a waiver from its
shareholders (excluding R&R) to a level not exceeding 35 per cent of the
Company's issued ordinary share capital.
Details of the 2008 waiver from the Panel and the required shareholder approval
are set out in the Notice of Annual General Meeting (30 April 2008) and Circular
to Shareholders published by the Company on 1 April 2008.
Geoffrey Cunnington
Deputy Secretary
British American Tobacco p.l.c.
Tel: 020 7845 1925
This information is provided by RNS
The company news service from the London Stock Exchange
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