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British Am. Tobacco (BATS)

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Friday 30 March, 2012

British Am. Tobacco

Director/PDMR Shareholding

RNS Number : 5226A
British American Tobacco PLC
30 March 2012
 

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.       The independent Trustee of the British American Tobacco Group Employee Trust notified the Company on 29 March 2012 that it had on 27 March 2012 released the following number of British American Tobacco p.l.c. 25p ordinary shares (the "Shares") to the following Executive Directors and persons discharging managerial responsibility:

 

Participant

Share Scheme

 

Deferred Share Bonus Scheme ("DSBS")

Long-Term Incentive
Plan ("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

(pence)

Net No. of Shares acquired

N Durante

2009 DSBS

 

2009 LTIP

29,164

 

94,996

29,164

 

94,996

N/A

 

N/A

3200.0000

 

3204.0500

0

 

0

J B Stevens

2009 DSBS

 

2009 LTIP

26,114

 

88,663

26,114

 

88,663

N/A

 

N/A

3200.0000

 

3238.7700

0

 

0

J P Daly

2009 DSBS

15,151

15,151

N/A

3200.0000

0

J Bowles

2009 DSBS

6,965

N/A

3,208

3200.0000

3,757

D J Naughton

2009 DSBS

4,512

N/A

393

3200.0000

4,119

M M Cobben

2009 DSBS

 

2009 LTIP

13,857

 

47,498

13,857

 

47,498

N/A

 

N/A

3200.0000

 

3193.8299

0

 

0

D S Fell

2009 DSBS

 

2009 LTIP

10,612

 

41,798

10,612

 

41,798

N/A

 

N/A

3200.0000

 

3215.2000

0

 

0

A M Gray

2009 DSBS

13,857

N/A

7,209

3200.0000

6,648

J-M Levy

2009 DSBS

 

2009 LTIP

11,953

 

47,498

11,953

 

47,498

N/A

 

N/A

3200.0000

 

3200.9499

0

 

0

D O'Reilly

2009 DSBS

 

2009 LTIP

3,239

 

6,649

2,462

 

5,054

N/A

 

N/A

3200.0000

 

3204.7600

777

 

1,595

M C T Prideaux

2009 DSBS

 

2009 LTIP

15,982

 

54,781

15,982

 

54,781

N/A

 

N/A

3200.0000

 

3232.0200

0

 

0

N Sethi

2009 DSBS

2,161

2,161

N/A

3200.0000

0

N R Withington

2009 DSBS

15,982

 

15,982

N/A

 

3200.0000

 

0

 

2.       On 28 March 2012, the Company granted an award of British American Tobacco p.l.c. 25p ordinary shares to the Executive Directors of British American Tobacco and other persons discharging managerial responsibilities (the "Participants") listed below under the Deferred Share Bonus Scheme at an award price of 3208 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

31,172

J B Stevens

21,041

J P Daly

18,235

J Bowles

8,626

M M Cobben

8,837

D S Fell

8,732

G Giordano

5,523

A M Gray

9,468

J-M Levy

9,889

D J Naughton

7,890

D O'Reilly

2,461

M C T Prideaux

9,889

N Sethi

3,282

K Wheaton

3,219

N R Withington

9,889

 

 

3.       Further, on 28 March 2012, the Company granted awards of British American Tobacco p.l.c. 25p ordinary shares (the "Shares") to Executive Directors of British American Tobacco and other persons discharging managerial responsibilities listed below (the "Participants") under the British American Tobacco 2007 Long Term Incentive Plan at an award price of 3208 pence per Share.  The awards are exercisable from 28 March 2015 to 27 March 2022, 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

124,688

J B Stevens

70,137

J P Daly

60,785

J Bowles

25,561

M M Cobben

26,184

D S Fell

25,872

G Giordano

46,290

A M Gray

28,054

J-M Levy

29,301

D J Naughton

23,379

D O'Reilly

19,326

M C T Prideaux

29,301

N Sethi

23,067

K Wheaton

20,573

N R Withington

29,301

 

 

4.       On 28 March 2012, the Company granted options over British American Tobacco p.l.c. 25p ordinary shares (the "Shares") to the Executive Director and person discharging managerial responsibilities below (the "Participant") under the British American Tobacco Sharesave Scheme, at an option price of 2536 pence per Share:

 

Participant

Shares under option

Option exercise period

N Durante

 

591

1 May 2017 to 31 October 2017

G Giordano

212

236

1 May 2015 to 31 October 2015

1 May 2017 to 31 October 2017

 

 

5.       The independent Trustee of the British American Tobacco Group Employee Trust notified the Company on 30 March 2012 that it had on 29 March 2012 released the following number of British American Tobacco p.l.c. 25p ordinary shares (the "Shares") to the following Executive Director and person discharging managerial responsibility:

 

Participant

Share Scheme

 

Long-Term Incentive
Plan ("LTIP")

Shares released from  LTIP Awards

No. of Shares sold

No. of Shares sold to cover tax liability

Price at which Shares sold

(pence)

Net No. of Shares acquired

J P Daly

2009 LTIP

51,931

N/A

N/A

N/A

51,931

 

 

6.       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

221,928* (including 70,233 Deferred Shares)

J B Stevens

119,072 (including 60,668 Deferred Shares)

J P Daly

133,143 (including 44,669 Deferred Shares)

J Bowles

42,473 (including 21,773 Deferred Shares)

M M Cobben

142,516 (including 26,756 Deferred Shares)

D S Fell

45,584 (including 25,692 Deferred Shares)

G Giordano

5,543 (including 5,523 Deferred Shares)

A M Gray

61,618 (including 27,485 Deferred Shares)

J-M Levy

48,059 (including 28,400 Deferred Shares)

D J Naughton

26,443 (including 17,513 Deferred Shares)

D O'Reilly

10,550 (including 7,323 Deferred Shares)

M C T Prideaux

134,270 (including 30,274 Deferred Shares)

N Sethi

31,402 (including 8,475 Deferred Shares)

K Wheaton

8,326 (including 7,393 Deferred Shares)

N R Withington

148,329 (including 30,274 Deferred Shares)

 

 

* This balance has been adjusted to take account of an understatement of 720 shares        made in previous announcements since 3 February 2012.

 

 

 

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

 

B M Creegan

Assistant Secretary

 

30 March 2012

 

 

Enquiries:

 

Investor Relations
Ralph Edmondson/Maya Farhat/Rachael Brierley     +44 20 7845 1180/1977/1519

 

British American Tobacco Press Office
Kate Matrunola/Cat Armstrong                                   +44 20 7845 2888


This information is provided by RNS
The company news service from the London Stock Exchange
 
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