British American Tobacco PLC Director/PDMR Shareholding
04 September 2024 - 9:55PM
RNS Regulatory News
RNS Number : 9160C
British American Tobacco PLC
04 September 2024
British American Tobacco
p.l.c.
Notification and public
disclosure of transactions by persons discharging managerial
responsibilities and persons closely associated with
them
On 3 September 2024, the Company
granted an award over British American Tobacco p.l.c. 25p ordinary
shares ("Shares") to the Chief Financial Officer under the British
American Tobacco Long-Term Incentive Plan (the "LTIP", the
"Award"). The Award will vest five years from the grant date,
subject to the satisfaction of performance conditions. The maximum
number of Shares over which the Award could vest if the performance
conditions are met in full is set out below.
The Award is subject to the same
performance conditions as are applicable to the 2024 LTIP award
granted to the Chief Executive on 20 March 2024, as set out at page
185 of the 2023 Annual Report.
The number of Shares subject to the
Award has been calculated using an award price of 2,384 pence per
Share, being consistent with the award price used for the 2024 LTIP
award granted to the Chief Executive on 20 March 2024. The number
of Shares subject to the Award has been calculated on a pro-rata
basis, by reference to the Chief Financial Officer's appointment
date (1 May 2024), relative to the Award's performance period (1
January 2024 - 31 December 2026).
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name
|
Soraya Benchikh
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Financial 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)
|
|
£23.84
|
119,313
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
119,313
£2,844,421.92
|
|
e)
|
Date of the transaction
|
2024-09-03
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
Name of officer of issuer responsible
for making notification: Nancy Jiang
Date of notification: 4 September
2024
|
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END
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