Director/PDMR Shareholding

RNS Number : 6803I

British American Tobacco PLC

16 March 2010

 

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

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

1.       The Company was notified on 15 March 2010 that on the same day Mrs G Adams, a person connected with Mr Paul Adams, an executive director and a person discharging managerial responsibilities, sold 162,067 British American Tobacco p.l.c. 25p ordinary shares (the "Shares") at a price of £22.0869 per Share.

2.       The Company was notified on 15 March 2010 that on the same day Mr John Daly, a person discharging managerial responsibilities, sold 6,000 British American Tobacco p.l.c. 25p ordinary shares (the "Shares") at a price of £22.12122 per Share.

3.       The independent Trustee of the British American Tobacco Group Employee Trust (the "Trust") notified the Company on 16 March 2010 that it had on 15 March 2010 transferred the beneficial interest in a total of 334,285 British American Tobacco p.l.c. 25p ordinary shares (the "Shares") subject to awards granted under the British American Tobacco 2007 Long Term Incentive Plan (the "2007 LTIP") to the following persons discharging managerial responsibility ("PDMRs") as follows:

Participant	Share scheme	Shares, subject to LTIP Awards, transferred to PDMRs*	No. of Shares sold	No. of Shares sold to cover tax liability**	Price at which Shares sold	Net No. of Shares acquired
Paul Adams	2007 LTIP	159,337	0	0	n/a	159,337
Ben Stevens	2007 LTIP	38,240	0	0	n/a	38,240
Rudi Kindts	2007 LTIP	29,636	0	0	n/a	29,636
Michael Prideaux	2007 LTIP	37,284	0	0	n/a	37,284
Peter Taylor	2007 LTIP	32,504	0	0	n/a	32,504
Neil Withington	2007 LTIP	37,284	0	0	n/a	37,284

*The Shares will be held on behalf of the PDMRs by the trustee of the Trust until the third anniversary of the award date. Under clawback arrangements entered into by each PDMR, the entire number Shares transferred to each PDMR remain subject to a risk of forfeiture until such time as it is determined that the associated forfeiture provisions imposed at the date of grant, in particular in leaver circumstances, no longer apply.

**No Shares will be sold to cover the taxation and other statutory withholding obligations arising on the transfer of the beneficial interest in the Shares to the PDMRs. Each of the PDMRs is to pay such amounts to the Company out of their own funds.

4.       The independent Trustee of the British American Tobacco Group Employee Trust notified the Company on 16 March 2010 that it had on 15 March 2010 released the following number of British American Tobacco p.l.c. 25p ordinary shares (the "Shares") to the following persons discharging managerial responsibility:

Participant	Share Scheme Deferred Share Bonus Scheme ("DSBS") 2007 LTIP	Shares released from DSBS and LTIP Awards	No. of Shares sold	No. of shares sold to cover tax liability	Price at which Shares sold	Net No. of Shares acquired
Paul Adams	2007 DSBS	46,083	46,083	n/a	£22.0300	n/a
John Daly	2007 DSBS	10,756	10,756	n/a	£22.1625	n/a
Nicandro Durante	2007 DSBS	10,566	10,566	n/a	£22.0950	n/a
David Fell	2007 DSBS 2007 LTIP	6,650 12,316	0 12,316	0 n/a	n/a £22.0500	6,650 n/a
Andrew Gray	2007 DSBS 2007 LTIP	5,274 12,023	5,274 12,023	n/a n/a	£22.0700 £22.0650	n/a n/a
Rudi Kindts	2007 DSBS	9,527	9,527	n/a	£22.0500	n/a
Jean-Marc Levy	2007 DSBS	3,896	3,896	n/a	£22.157399	n/a
Michael Prideaux	2007 DSBS	11,986	11,986	n/a	£22.0500	n/a
Ben Stevens	2007 DSBS	12,293	n/a	5,144	£22.0300	7,149
Peter Taylor	2007 DSBS	10,449	10,449	n/a	£22.0050	n/a

5.       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
Paul Adams	250,805 (including 88,900 Deferred Shares)
John Daly	42,787* (including 21,023 Deferred Shares)
Nicandro Durante	141,987 (including 35,192 Deferred Shares)
David Fell	32,446 (including 15,145 Deferred Shares)
Andrew Gray	46,668 (including 19,496 Deferred Shares)
Rudi Kindts	117,755 (including 19,181 Deferred Shares)
Jean-Marc Levy	35,424 (including 15,973 Deferred Shares)
Michael Prideaux	107,772 (including 22,402 Deferred Shares)
Ben Stevens	117,847 (including 32,769 Deferred Shares)
Peter Taylor	171,323 (including 20,126 Deferred Shares)
Neil Withington	140,691 (including 34,388 Deferred Shares)

*Includes restated balance since the last announcement for John Daly made on 6 April 2009.

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

G C W Cunnington

Deputy Secretary

020 7845 1925

16 March 2010

Investor Relations:

Ralph Edmondson                  020 7845 1180

Press Office:

David Betteridge/Elif Boutlu    020 7845 2888

 

END

 

 

RDSEQLFFBXFEBBL