EX-2 3 ex-2.htm
Exhibit 2

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

On 27 March 2018 the independent Trustee of the British American Tobacco Group Employee Trust released the following number of British American Tobacco p.l.c. 25p ordinary shares (the “Shares”) granted to the following Executive Director and persons discharging managerial responsibilities under the 2015 Long-Term Incentive Plan (“2015 Award”). Subsequent sales of shares are also set out below.

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
Transaction 1
a)
Description of the financial instrument, type of instrument
 
Identification code
 
Ordinary shares of 25p each
 
GB0002875804
b)
Nature of the transaction
Exercise of options under the British American Tobacco Long-Term Incentive Plan (2015 Award)
c)
Price(s) and volume(s)
        
     
Price(s)
Volume(s)
  
     
£nil
66,925
  
           
d)
Aggregated information
 
 - Aggregated volume
 
 - Price
 
 
 
66,925
 
£nil
e)
Date of the transaction
2018-03-27
f)
Place of the transaction
London Stock Exchange (XLON)
Transaction 2
a)
Description of the financial instrument, type of instrument
 
Identification code
 
Ordinary shares of 25p each
 
GB0002875804
b)
Nature of the transaction
Sale of shares to meet tax liability arising on exercise of Long-Term Incentive Plan options
c)
Price(s) and volume(s)
        
     
Price(s)
Volume(s)
  
     
£39.435578
32,149
  
           
d)
Aggregated information
 
 - Aggregated volume
 
 - Price
 
 
 
32,149
 
£39.435578
e)
Date of the transaction
2018-03-27
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
Transaction 1
a)
Description of the financial instrument, type of instrument
 
Identification code
 
Ordinary shares of 25p each
 
GB0002875804
b)
Nature of the transaction
Exercise of options under the British American Tobacco Long-Term Incentive Plan (2015 Award)
c)
Price(s) and volume(s)
        
     
Price(s)
Volume(s)
  
     
£nil
24,853
  
         
d)
Aggregated information
 
 - Aggregated volume
 
 - Price
 
 
 
24,853
 
£nil
e)
Date of the transaction
2018-03-27
f)
Place of the transaction
London Stock Exchange (XLON)
Transaction 2
a)
Description of the financial instrument, type of instrument
 
Identification code
 
Ordinary shares of 25p each
 
GB0002875804
b)
Nature of the transaction
Sale of shares to meet tax liability arising on exercise of Long-Term Incentive Plan options
c)
Price(s) and volume(s)
        
     
Price(s)
Volume(s)
  
     
£39.50
11,916
  
           
d)
Aggregated information
 
 - Aggregated volume
 
 - Price
 
 
 
11,916
 
£39.50
e)
Date of the transaction
2018-03-27
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
Transaction 1
a)
Description of the financial instrument, type of instrument
 
Identification code
Ordinary shares of 25p each
 
GB0002875804
 
b)
Nature of the transaction
Exercise of options under the British American Tobacco Long-Term Incentive Plan (2015 Award)
c)
Price(s) and volume(s)
        
     
Price(s)
Volume(s)
  
     
£nil
32,805
  
           
d)
Aggregated information
 
 - Aggregated volume
 
 - Price
 
 
 
32,805
 
£nil
e)
Date of the transaction
2018-03-27
f)
Place of the transaction
London Stock Exchange (XLON)
Transaction 2
a)
Description of the financial instrument, type of instrument
 
Identification code
Ordinary shares of 25p each
 
GB0002875804
 
b)
Nature of the transaction
Sale of shares to meet tax liability arising on exercise of Long-Term Incentive Plan options.
c)
Price(s) and volume(s)
        
     
Price(s)
Volume(s)
  
     
£40.115
15,495
  
           
d)
Aggregated information
 
 - Aggregated volume
 
 - Price
 
 
 
15,495
 
£40.115
e)
Date of the transaction
2018-03-27
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
Transaction 1
a)
Description of the financial instrument, type of instrument
 
Identification code
Ordinary shares of 25p each
 
GB0002875804
 
b)
Nature of the transaction
Exercise of options under the British American Tobacco Long-Term Incentive Plan (2015 Award)
c)
Price(s) and volume(s)
        
     
Price(s)
Volume(s)
  
     
£nil
23,195
  
           
d)
Aggregated information
 
 - Aggregated volume
 
 - Price
 
 
 
23,195
 
£nil
e)
Date of the transaction
2018-03-27
f)
Place of the transaction
London Stock Exchange (XLON)
Transaction 2
a)
Description of the financial instrument, type of instrument
 
Identification code
Ordinary shares of 25p each
 
GB0002875804
 
b)
Nature of the transaction
Sale of shares to meet tax liability arising on exercise of Long-Term Incentive Plan options.
c)
Price(s) and volume(s)
        
     
Price(s)
Volume(s)
  
     
£39.12
11,142
  
           
d)
Aggregated information
 
 - Aggregated volume
 
 - Price
 
 
 
11,142
 
£39.12
e)
Date of the transaction
2018-03-27
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
Transaction 1
a)
Description of the financial instrument, type of instrument
 
Identification code
 
Ordinary shares of 25p each
 
GB0002875804
b)
Nature of the transaction
Exercise of options under the British American Tobacco Long-Term Incentive Plan (2015 Award)
c)
Price(s) and volume(s)
        
     
Price(s)
Volume(s)
  
     
£nil
28,332
  
           
d)
Aggregated information
 
 - Aggregated volume
 
 - Price
 
 
 
28,332
 
£nil
e)
Date of the transaction
2018-03-27
f)
Place of the transaction
London Stock Exchange (XLON)
Transaction 2
a)
Description of the financial instrument, type of instrument
 
Identification code
 
Ordinary shares of 25p each
 
GB0002875804
b)
Nature of the transaction
Sale of shares to meet tax liability arising on exercise of Long-Term Incentive Plan options
c)
Price(s) and volume(s)
        
     
Price(s)
Volume(s)
  
     
£39.432499
13,597
  
           
d)
Aggregated information
 
 - Aggregated volume
 
 - Price
 
 
 
13,597
 
£39.432499
e)
Date of the transaction
2018-03-27
f)
Place of the transaction
London Stock Exchange (XLON)
 
Name of officer of issuer responsible for making notification: Sophie Kerr
Date of notification: 3 April 2018