Director/PDMR Shareholding

RNS Number : 5827D

British American Tobacco PLC

31 March 2014

 



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

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

1.       On 28 March 2014, the Company granted awards of British American Tobacco p.l.c. 25p ordinary shares (the "Shares") to the Executive Directors and other persons discharging managerial responsibilities (the "Participants") listed below under the Deferred Share Bonus Scheme at an award price of 3,258 pence per Share.  Awards under the Deferred Share Bonus Scheme are conditional awards of shares which are held in trust for three years and no further performance conditions apply in that period.

Participant	Deferred Shares Awarded
N Durante	27,466
J B Stevens	18,356
J P Daly	16,199
J Bowles	8,341
A Davy	5,674
G Giordano	8,172
A M Gray	8,341
J-M Levy	8,509
D J Naughton	7,161
R Oberlander	6,740
D O'Reilly	5,476
N K Sethi	6,993
K Wheaton	5,813
N R Withington	8,341

2.       On 28 March 2014, the Company granted awards of British American Tobacco p.l.c. 25p ordinary shares to the Executive Directors and other persons discharging managerial responsibilities listed below under the British American Tobacco 2007 Long Term Incentive Plan at an award price of 3,258 pence per Share.  The awards are exercisable from 28 March 2017 to 27 March 2024, subject to the satisfaction of performance conditions specified on the award date.  The maximum number of shares comprised in the awards granted to the Participants which could vest if the performance conditions are met in full is shown opposite the name of each Participant set out below:

Participant	No. of Shares comprised in Award
N Durante	135,052
J B Stevens	75,230
J Bowles	37,983
A Davy	27,624
G Giordano	37,216
A M Gray	37,983
J-M Levy	38,750
D J Naughton	32,612
R Oberlander	30,693
D O'Reilly	24,938
N K Sethi	31,844
K Wheaton	26,473
N R Withington	37,983

3.       Further, on 28 March 2014, the Company granted options over British American Tobacco p.l.c. 25p ordinary shares to the persons discharging managerial responsibilities below under the British American Tobacco Sharesave Scheme, at an option price of 2,600 pence per Share:

Participant	Shares under option	Option exercise period
A M Gray	576	1 May 2019 to 31 October 2019
N K Sethi	346	1 May 2017 to 31 October 2017

4.       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
N Durante	256,228 (including 84,116 Deferred Shares)
J B Stevens	128,412 (including 56,476 Deferred Shares)
J P Daly	109,603 (including 49,503 Deferred Shares)
J Bowles	48,477 (including 24,254 Deferred Shares)
A Davy	38,536 (including 10,415 Deferred Shares)
G Giordano	21,636 (including 21,392 Deferred Shares)
A M Gray	104,285 (including 25,506 Deferred Shares)
J-M Levy	46,276 (including 26,422 Deferred Shares)
D J Naughton	36,278 (including 21,601 Deferred Shares)
R Oberlander	41,457 (including 15,532 Deferred Shares)
D O'Reilly	20,149 (including 13,013 Deferred Shares)
N K Sethi	40,193 (including 16,334 Deferred Shares)
K Wheaton	22,447 (including 14,436 Deferred Shares)
N R Withington	145,687 (including 26,172 Deferred Shares)

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

B M Creegan

Assistant Secretary

31 March 2014

Enquiries:

Investor Relations

Mike Nightingale/Rachael Brierley      [phone]/1519

British American Tobacco Press Office

Will Hill/Annie Brown                           [phone]

 

END

 

 

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