Wrap Text
Notification and Public Disclosure of Transactions by Persons Discharging Managerial Responsibilities
British American Tobacco p.l.c.
Incorporated in England and Wales
(Registration number: 03407696)
Short name: BATS
Share code: BTI
ISIN number: GB0002875804
British American Tobacco p.l.c.
("the Company")
Notification and public disclosure of transactions by persons discharging managerial
responsibilities and persons closely associated with them
On 23 March 2026 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 persons discharging managerial
responsibilities under the 2023 Restricted Share Plan. Subsequent sales of shares are also set
out below.
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name James Barrett
2 Reason for the notification
a) Position/status Director, Business Development
b) Initial notification
Initial notification
/Amendment
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 Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Shares released under the 2023 Restricted Share
Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 3,534
d) Aggregated information
- Aggregated volume 3,534
- Price £nil
e) Date of the transaction 2026-03-23
f) Place of the transaction Outside a trading venue
Transaction 2
a) Description of the financial
instrument, type of Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Sale of shares on vesting of 2023 Restricted Share
Plan, including to meet tax liability arising
c) Price(s) and volume(s)
Price(s) Volume(s)
£42.84 3,534
d) Aggregated information
- Aggregated volume 3,534
- Price £151,396.56
e) Date of the transaction 2026-03-23
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Luciano Comin
2 Reason for the notification
a) Position/status Chief Marketing Officer
b) Initial notification
Initial notification
/Amendment
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 Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Shares released under the 2023 Restricted Share
Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 9,709
d) Aggregated information
- Aggregated volume 9,709
- Price £nil
e) Date of the transaction 2026-03-23
f) Place of the transaction Outside a trading venue
Transaction 2
a) Description of the financial
instrument, type of Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Sale of shares to meet tax liability arising on vesting
of 2023 Restricted Share Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
£42.84 4,565
d) Aggregated information
- Aggregated volume 4,565
- Price £195,564.60
e) Date of the transaction 2026-03-23
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Javed Iqbal
2 Reason for the notification
a) Position/status Interim Chief Financial Officer and Director, Digital
and Information
b) Initial notification
Initial notification
/Amendment
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 Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Shares released under the 2023 Restricted Share
Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 7,775
d) Aggregated information
- Aggregated volume 7,775
- Price £nil
e) Date of the transaction 2026-03-23
f) Place of the transaction Outside a trading venue
Transaction 2
a) Description of the financial
instrument, type of Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Sale of shares to meet tax liability arising on vesting
of 2023 Restricted Share Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
£42.84 3,656
d) Aggregated information
- Aggregated volume 3,656
- Price £156,623.04
e) Date of the transaction 2026-03-23
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Zafar Khan
2 Reason for the notification
a) Position/status Director, Operations
b) Initial notification
Initial notification
/Amendment
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 Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Shares released under the 2023 Restricted Share
Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 8,817
d) Aggregated information
- Aggregated volume 8,817
- Price £nil
e) Date of the transaction 2026-03-23
f) Place of the transaction Outside a trading venue
Transaction 2
a) Description of the financial
instrument, type of Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Sale of shares to meet tax liability arising on vesting
of 2023 Restricted Share Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
£42.84 4,146
d) Aggregated information
- Aggregated volume 4,146
- Price £177,614.64
e) Date of the transaction 2026-03-23
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Paul McCrory
2 Reason for the notification
a) Position/status Director, Legal and General Counsel
b) Initial notification
Initial notification
/Amendment
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 Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Shares released under the 2023 Restricted Share
Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 2,271
d) Aggregated information
- Aggregated volume 2,271
- Price £nil
e) Date of the transaction 2026-03-23
f) Place of the transaction Outside a trading venue
Transaction 2
a) Description of the financial
instrument, type of Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Sale of shares to meet tax liability arising on vesting
of 2023 Restricted Share Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
£42.84 1,068
d) Aggregated information
- Aggregated volume 1,068
- Price £45,753.12
e) Date of the transaction 2026-03-23
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Fred Monteiro
2 Reason for the notification
a) Position/status Regional Director, Americas & Europe
b) Initial notification
Initial notification
/Amendment
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 Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Shares released under the 2023 Restricted Share
Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 7,083
d) Aggregated information
- Aggregated volume 7,083
- Price £nil
e) Date of the transaction 2026-03-23
f) Place of the transaction Outside a trading venue
Transaction 2
a) Description of the financial
instrument, type of Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Sale of shares to meet tax liability arising on vesting
of 2023 Restricted Share Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
£42.84 3,331
d) Aggregated information
- Aggregated volume 3,331
- Price £142,700.04
e) Date of the transaction 2026-03-23
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name James Murphy
2 Reason for the notification
a) Position/status Director, Research and Science
b) Initial notification
Initial notification
/Amendment
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 Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Shares released under the 2023 Restricted Share
Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 6,992
d) Aggregated information
- Aggregated volume 6,992
- Price £nil
e) Date of the transaction 2026-03-23
f) Place of the transaction Outside a trading venue
Transaction 2
a) Description of the financial
instrument, type of Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Sale of shares to meet tax liability arising on vesting
of 2023 Restricted Share Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
£42.84 3,288
d) Aggregated information
- Aggregated volume 3,288
- Price £140,857.92
e) Date of the transaction 2026-03-23
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Johan Vandermeulen
2 Reason for the notification
a) Position/status Chief Operating Officer
b) Initial notification
Initial notification
/Amendment
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 Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Shares released under the 2023 Restricted Share
Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 10,832
d) Aggregated information
- Aggregated volume 10,832
- Price £nil
e) Date of the transaction 2026-03-23
f) Place of the transaction Outside a trading venue
Transaction 2
a) Description of the financial
instrument, type of Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Sale of shares to meet tax liability arising on vesting
of 2023 Restricted Share Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
£42.84 5,093
d) Aggregated information
- Aggregated volume 5,093
- Price £218,184.12
e) Date of the transaction 2026-03-23
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name David Waterfield
2 Reason for the notification
a) Position/status President and CEO, Reynolds American Inc.
b) Initial notification
Initial notification
/Amendment
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 Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Shares released under the 2023 Restricted Share
Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 3,794
d) Aggregated information
- Aggregated volume 3,794
- Price £nil
e) Date of the transaction 2026-03-23
f) Place of the transaction Outside a trading venue
Transaction 2
a) Description of the financial
instrument, type of Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Sale of shares to meet tax liability arising on vesting
of 2023 Restricted Share Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
£42.84 1,784
d) Aggregated information
- Aggregated volume 1,784
- Price £76,426.56
e) Date of the transaction 2026-03-23
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Kingsley Wheaton
2 Reason for the notification
a) Position/status Chief Corporate Officer
b) Initial notification
Initial notification
/Amendment
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 Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Shares released under the 2023 Restricted Share
Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 12,571
d) Aggregated information
- Aggregated volume 12,571
- Price £nil
e) Date of the transaction 2026-03-23
f) Place of the transaction Outside a trading venue
Transaction 2
a) Description of the financial
instrument, type of Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Sale of shares to meet tax liability arising on vesting
of 2023 Restricted Share Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
£42.84 5,910
d) Aggregated information
- Aggregated volume 5,910
- Price £253,184.40
e) Date of the transaction 2026-03-23
f) Place of the transaction Outside a trading venue
Name of officer of issuer responsible for making notification: Nancy Jiang
Date of notification: 25 March 2026
25 March 2026
Sponsor: Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities
Date: 25-03-2026 04:40:00
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