6th Aug 2014 16:45
NOTIFICATION OF TRANSACTIONS BY 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.
On 5 August 2014, the Company approved the following transactions in respect of Mr Giovanni Giordano, a person discharging managerial responsibilities:
a) The partial waiver of Mr Giordano's 2012 Long-Term Incentive Plan award in respect of 18,236 British American Tobacco p.l.c. ordinary shares (the "Shares") (the "Waiver"), resulting in a balance of 28,054 Shares remaining under that award.
b) In consideration of the Waiver, on 5 August 2014 Mr Giordano received 5,438 Shares based on an award price of 2,805 pence per Share and a cash payment of £166,117.90 (together, the "Aggregate Award"). The cash payment has been withheld to satisfy the tax liability on the Aggregate Award.
Following the above transactions, Mr Giordano has a total beneficial and family interest in 30,168 Shares (including 21,392 Deferred Shares).
Name of duly authorised officer of issuer responsible for making notification:
B M Creegan
Assistant Secretary
020 7845 1927
6 August 2014
Enquiries:
Investor RelationsMike Nightingale +44 20 7845 1180
Rachael Brierley +44 20 7845 1519
Sabina Marshman +44 20 7845 1781
British American Tobacco Press OfficeWill Hill +44 20 7845 2888
Related Shares:
British American Tobacco