6-K
British American Tobacco p.l.c. (BTI)
6-K
2026-03-25
For: 2026-03-25
View Original
Added on
April 08, 2026
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
March 25, 2026
Commission File Number: 001-38159
BRITISH AMERICAN TOBACCO P.L.C.
(Translation of registrant’s name into English)
Globe House
4 Temple Place
London WC2R 2PG
United Kingdom
\(Address of principal executive office\)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form
40-F ☐
This report includes materials as exhibits that have been published and made available by British American Tobacco p.l.c. as of March 25, 2026.
EXHIBIT INDEX
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| British American Tobacco p.l.c. | ||
|---|---|---|
| By: | /s/ Nancy Jiang | |
| Name: | Nancy Jiang | |
| Title: | Senior Assistant Company Secretary |
Date: March 25, 2026
Exhibit 1
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 Executive Director and persons discharging managerial responsibilities under the 2023 Deferred Share Bonus Scheme. Subsequent sales of shares are also set out below.
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
|---|---|---|---|
| a) | Name | Tadeu Marroco | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Executive | |
| 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<br> conducted | ||
| Transaction 1 | |||
| a) | Description of the financial instrument, type of instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Shares released under the 2023 Deferred Share Bonus Scheme | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 19,960 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 19,960<br> <br> 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 instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Sale of shares to meet tax liability arising on vesting of 2023 Deferred Share Bonus Scheme | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 9,383 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 9,383<br> <br> 401,967.72 | |
| e) | Date of the transaction | 2026-03-23 | |
| f) | Place of the transaction | Outside a trading venue |
All values are in British Pounds.
| 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 /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<br> conducted | ||
| Transaction 1 | |||
| a) | Description of the financial instrument, type of instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Shares released under the 2023 Deferred Share Bonus Scheme | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 5,949 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 5,949<br> <br> 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 instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Sale of shares to meet tax liability arising on vesting of 2023 Deferred Share Bonus Scheme | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 2,798 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 2,798<br> <br> 119,866.32 | |
| e) | Date of the transaction | 2026-03-23 | |
| f) | Place of the transaction | Outside a trading venue |
All values are in British Pounds.
| 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 /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<br> conducted | ||
| Transaction 1 | |||
| a) | Description of the financial instrument, type of instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Shares released under the 2023 Deferred Share Bonus Scheme | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 11,297 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 11,297<br> <br> 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 instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Sale of shares to meet tax liability arising on vesting of 2023 Deferred Share Bonus Scheme | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 5,311 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 5,311<br> <br> 227,523.24 | |
| e) | Date of the transaction | 2026-03-23 | |
| f) | Place of the transaction | Outside a trading venue |
All values are in British Pounds.
| 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 /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<br> conducted | ||
| Transaction 1 | |||
| a) | Description of the financial instrument, type of instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Shares released under the 2023 Deferred Share Bonus Scheme | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 8,065 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 8,065<br> <br> 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 instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Sale of shares to meet tax liability arising on vesting of 2023 Deferred Share Bonus Scheme | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 3,792 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 3,792<br> <br> 162,449.28 | |
| e) | Date of the transaction | 2026-03-23 | |
| f) | Place of the transaction | Outside a trading venue |
All values are in British Pounds.
| 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 /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<br> conducted | ||
| Transaction 1 | |||
| a) | Description of the financial instrument, type of instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Shares released under the 2023 Deferred Share Bonus Scheme | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 10,394 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 10,394<br> <br> 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 instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Sale of shares to meet tax liability arising on vesting of 2023 Deferred Share Bonus Scheme | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 4,887 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 4,887<br> <br> 209,359.08 | |
| e) | Date of the transaction | 2026-03-23 | |
| f) | Place of the transaction | Outside a trading venue |
All values are in British Pounds.
| 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 /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<br> conducted | ||
| Transaction 1 | |||
| a) | Description of the financial instrument, type of instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Shares released under the 2023 Deferred Share Bonus Scheme | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 3,106 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 3,106<br> <br> 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 instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Sale of shares to meet tax liability arising on vesting of 2023 Deferred Share Bonus Scheme | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 1,461 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 1,461<br> <br> 62,589.24 | |
| e) | Date of the transaction | 2026-03-23 | |
| f) | Place of the transaction | Outside a trading venue |
All values are in British Pounds.
| 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 /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<br> conducted | ||
| Transaction 1 | |||
| a) | Description of the financial instrument, type of instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Shares released under the 2023 Deferred Share Bonus Scheme | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 6,426 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 6,426<br> <br> 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 instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Sale of shares to meet tax liability arising on vesting of 2023 Deferred Share Bonus Scheme | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 3,022 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 3,022<br> <br> 129,462.48 | |
| e) | Date of the transaction | 2026-03-23 | |
| f) | Place of the transaction | Outside a trading venue |
All values are in British Pounds.
| 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 /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<br> conducted | ||
| Transaction 1 | |||
| a) | Description of the financial instrument, type of instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Shares released under the 2023 Deferred Share Bonus Scheme | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 3,692 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 3,692<br> <br> 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 instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Sale of shares to meet tax liability arising on vesting of 2023 Deferred Share Bonus Scheme | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 1,737 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 1,737<br> <br> 74,413.08 | |
| e) | Date of the transaction | 2026-03-23 | |
| f) | Place of the transaction | Outside a trading venue |
All values are in British Pounds.
| 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 /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<br> conducted | ||
| Transaction 1 | |||
| a) | Description of the financial instrument, type of instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Shares released under the 2023 Deferred Share Bonus Scheme | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 12,914 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 12,914<br> <br> 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 instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Sale of shares to meet tax liability arising on vesting of 2023 Deferred Share Bonus Scheme | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 6,071 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 6,071<br> <br> 260,081.64 | |
| e) | Date of the transaction | 2026-03-23 | |
| f) | Place of the transaction | Outside a trading venue |
All values are in British Pounds.
| 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 /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<br> conducted | ||
| Transaction 1 | |||
| a) | Description of the financial instrument, type of instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Shares released under the 2023 Deferred Share Bonus Scheme | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 6,357 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 6,357<br> <br> 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 instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Sale of shares to meet tax liability arising on vesting of 2023 Deferred Share Bonus Scheme | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 2,989 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 2,989<br> <br> 128,048.76 | |
| e) | Date of the transaction | 2026-03-23 | |
| f) | Place of the transaction | Outside a trading venue |
All values are in British Pounds.
| 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 /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<br> conducted | ||
| Transaction 1 | |||
| a) | Description of the financial instrument, type of instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Shares released under the 2023 Deferred Share Bonus Scheme | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 14,987 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 14,987<br> <br> 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 instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Sale of shares to meet tax liability arising on vesting of 2023 Deferred Share Bonus Scheme | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 7,046 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 7,046<br> <br> 301,850.64 | |
| e) | Date of the transaction | 2026-03-23 | |
| f) | Place of the transaction | Outside a trading venue |
All values are in British Pounds.
| Name of officer of issuer responsible for making notification: Nancy Jiang |
|---|
| Date of notification: 25 March 2026 |
Exhibit 2
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 Long-Term Incentive 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 /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<br> conducted | ||
| Transaction 1 | |||
| a) | Description of the financial instrument, type of instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Shares released under the 2023 Long-Term Incentive Plan | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 5,921 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 5,921<br> <br> 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 instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Sale of shares on vesting of 2023 Long-Term Incentive Plan, including to meet tax liability arising | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 5,921 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 5,921<br> <br> 253,655.64 | |
| e) | Date of the transaction | 2026-03-23 | |
| f) | Place of the transaction | Outside a trading venue |
All values are in British Pounds.
| 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 /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<br> conducted | ||
| Transaction 1 | |||
| a) | Description of the financial instrument, type of instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Shares released under the 2023 Long-Term Incentive Plan | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 16,942 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 16,942<br> <br> 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 instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Sale of shares to meet tax liability arising on vesting of 2023 Long-Term Incentive Plan | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 7,965 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 7,965<br> <br> 341,220.60 | |
| e) | Date of the transaction | 2026-03-23 | |
| f) | Place of the transaction | Outside a trading venue |
All values are in British Pounds.
| 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 /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<br> conducted | ||
| Transaction 1 | |||
| a) | Description of the financial instrument, type of instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Shares released under the 2023 Long-Term Incentive Plan | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 13,566 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 13,566<br> <br> 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 instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Sale of shares to meet tax liability arising on vesting of 2023 Long-Term Incentive Plan | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 6,378 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 6,378<br> <br> 273,233.52 | |
| e) | Date of the transaction | 2026-03-23 | |
| f) | Place of the transaction | Outside a trading venue |
All values are in British Pounds.
| 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 /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<br> conducted | ||
| Transaction 1 | |||
| a) | Description of the financial instrument, type of instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Shares released under the 2023 Long-Term Incentive Plan | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 15,384 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 15,384<br> <br> 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 instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Sale of shares to meet tax liability arising on vesting of 2023 Long-Term Incentive Plan | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 7,232 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 7,232<br> <br> 309,818.88 | |
| e) | Date of the transaction | 2026-03-23 | |
| f) | Place of the transaction | Outside a trading venue |
All values are in British Pounds.
| 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 /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<br> conducted | ||
| Transaction 1 | |||
| a) | Description of the financial instrument, type of instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Shares released under the 2023 Long-Term Incentive Plan | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 3,737 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 3,737<br> <br> 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 instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Sale of shares to meet tax liability arising on vesting of 2023 Long-Term Incentive Plan | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 1,758 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 1,758<br> <br> 75,312.72 | |
| e) | Date of the transaction | 2026-03-23 | |
| f) | Place of the transaction | Outside a trading venue |
All values are in British Pounds.
| 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 /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<br> conducted | ||
| Transaction 1 | |||
| a) | Description of the financial instrument, type of instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Shares released under the 2023 Long-Term Incentive Plan | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 12,295 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 12,295<br> <br> 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 instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Sale of shares to meet tax liability arising on vesting of 2023 Long-Term Incentive Plan | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 5,781 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 5,781<br> <br> 247,658.04 | |
| e) | Date of the transaction | 2026-03-23 | |
| f) | Place of the transaction | Outside a trading venue |
All values are in British Pounds.
| 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 /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<br> conducted | ||
| Transaction 1 | |||
| a) | Description of the financial instrument, type of instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Shares released under the 2023 Long-Term Incentive Plan | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 12,185 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 12,185<br> <br> 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 instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Sale of shares to meet tax liability arising on vesting of 2023 Long-Term Incentive Plan | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 5,729 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 5,729<br> <br> 245,430.36 | |
| e) | Date of the transaction | 2026-03-23 | |
| f) | Place of the transaction | Outside a trading venue |
All values are in British Pounds.
| 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 /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<br> conducted | ||
| Transaction 1 | |||
| a) | Description of the financial instrument, type of instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Shares released under the 2023 Long-Term Incentive Plan | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 18,901 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 18,901<br> <br> 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 instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Sale of shares to meet tax liability arising on vesting of 2023 Long-Term Incentive Plan | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 8,885 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 8,885<br> <br> 380,633.40 | |
| e) | Date of the transaction | 2026-03-23 | |
| f) | Place of the transaction | Outside a trading venue |
All values are in British Pounds.
| 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 /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<br> conducted | ||
| Transaction 1 | |||
| a) | Description of the financial instrument, type of instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Shares released under the 2023 Long-Term Incentive Plan | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 6,358 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 6,358<br> <br> 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 instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Sale of shares to meet tax liability arising on vesting of 2023 Long-Term Incentive Plan | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 2,990 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 2,990<br> <br> 128,091.60 | |
| e) | Date of the transaction | 2026-03-23 | |
| f) | Place of the transaction | Outside a trading venue |
All values are in British Pounds.
| 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 /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<br> conducted | ||
| Transaction 1 | |||
| a) | Description of the financial instrument, type of instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Shares released under the 2023 Long-Term Incentive Plan | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 21,935 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 21,935<br> <br> 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 instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Sale of shares to meet tax liability arising on vesting of 2023 Long-Term Incentive Plan | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 10,311 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 10,311<br> <br> 441,723.24 | |
| e) | Date of the transaction | 2026-03-23 | |
| f) | Place of the transaction | Outside a trading venue |
All values are in British Pounds.
| Name of officer of issuer responsible for making notification: Nancy Jiang |
|---|
| Date of notification: 25 March 2026 |
Exhibit 3
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 /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<br> conducted | ||
| Transaction 1 | |||
| a) | Description of the financial instrument, type of instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Shares released under the 2023 Restricted Share Plan | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 3,534 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 3,534<br> <br> 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 instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> 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) | ||
| Volume(s) | |||
| 3,534 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 3,534<br> <br> 151,396.56 | |
| e) | Date of the transaction | 2026-03-23 | |
| f) | Place of the transaction | Outside a trading venue |
All values are in British Pounds.
| 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 /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<br> conducted | ||
| Transaction 1 | |||
| a) | Description of the financial instrument, type of instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Shares released under the 2023 Restricted Share Plan | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 9,709 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 9,709<br> <br> 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 instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> 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) | ||
| Volume(s) | |||
| 4,565 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 4,565<br> <br> <br> 195,564.60 | |
| e) | Date of the transaction | 2026-03-23 | |
| f) | Place of the transaction | Outside a trading venue |
All values are in British Pounds.
| 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 /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<br> conducted | ||
| Transaction 1 | |||
| a) | Description of the financial instrument, type of instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Shares released under the 2023 Restricted Share Plan | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 7,775 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 7,775<br> <br> <br> 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 instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> 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) | ||
| Volume(s) | |||
| 3,656 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 3,656<br> <br> <br> <br> 156,623.04 | |
| e) | Date of the transaction | 2026-03-23 | |
| f) | Place of the transaction | Outside a trading venue |
All values are in British Pounds.
| 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 /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<br> conducted | ||
| Transaction 1 | |||
| a) | Description of the financial instrument, type of instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Shares released under the 2023 Restricted Share Plan | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 8,817 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 8,817<br> <br> <br> 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 instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> 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) | ||
| Volume(s) | |||
| 4,146 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 4,146<br> <br> <br> <br> 177,614.64 | |
| e) | Date of the transaction | 2026-03-23 | |
| f) | Place of the transaction | Outside a trading venue |
All values are in British Pounds.
| 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 /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<br> conducted | ||
| Transaction 1 | |||
| a) | Description of the financial instrument, type of instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Shares released under the 2023 Restricted Share Plan | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 2,271 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 2,271<br> <br> <br> 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 instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> 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) | ||
| Volume(s) | |||
| 1,068 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 1,068<br> <br> <br> <br> 45,753.12 | |
| e) | Date of the transaction | 2026-03-23 | |
| f) | Place of the transaction | Outside a trading venue |
All values are in British Pounds.
| 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 /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<br> conducted | ||
| Transaction 1 | |||
| a) | Description of the financial instrument, type of instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Shares released under the 2023 Restricted Share Plan | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 7,083 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 7,083<br> <br> <br> 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 instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> 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) | ||
| Volume(s) | |||
| 3,331 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 3,331<br> <br> <br> <br> 142,700.04 | |
| e) | Date of the transaction | 2026-03-23 | |
| f) | Place of the transaction | Outside a trading venue |
All values are in British Pounds.
| 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 /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<br> conducted | ||
| Transaction 1 | |||
| a) | Description of the financial instrument, type of instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Shares released under the 2023 Restricted Share Plan | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 6,992 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 6,992<br> <br> <br> 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 instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> 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) | ||
| Volume(s) | |||
| 3,288 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 3,288<br> <br> <br> <br> 140,857.92 | |
| e) | Date of the transaction | 2026-03-23 | |
| f) | Place of the transaction | Outside a trading venue |
All values are in British Pounds.
| 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 /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<br> conducted | ||
| Transaction 1 | |||
| a) | Description of the financial instrument, type of instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Shares released under the 2023 Restricted Share Plan | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 10,832 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 10,832<br> <br> <br> 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 instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> 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) | ||
| Volume(s) | |||
| 5,093 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 5,093<br> <br> <br> <br> 218,184.12 | |
| e) | Date of the transaction | 2026-03-23 | |
| f) | Place of the transaction | Outside a trading venue |
All values are in British Pounds.
| 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 /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<br> conducted | ||
| Transaction 1 | |||
| a) | Description of the financial instrument, type of instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Shares released under the 2023 Restricted Share Plan | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 3,794 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 3,794<br> <br> <br> 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 instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> 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) | ||
| Volume(s) | |||
| 1,784 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 1,784<br> <br> <br> <br> 76,426.56 | |
| e) | Date of the transaction | 2026-03-23 | |
| f) | Place of the transaction | Outside a trading venue |
All values are in British Pounds.
| 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 /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<br> conducted | ||
| Transaction 1 | |||
| a) | Description of the financial instrument, type of instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> GB0002875804 | |
| b) | Nature of the transaction | Shares released under the 2023 Restricted Share Plan | |
| c) | Price(s) and volume(s) | ||
| Volume(s) | |||
| 12,571 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 12,571<br> <br> <br> 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 instrument<br><br> <br><br><br> <br>Identification code | Ordinary shares of 25p each<br> <br> 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) | ||
| Volume(s) | |||
| 5,910 | |||
| d) | Aggregated information<br><br> <br><br><br> <br>- Aggregated volume<br><br> <br><br><br> <br>- Price | 5,910<br> <br> <br> <br> 253,184.40 | |
| e) | Date of the transaction | 2026-03-23 | |
| f) | Place of the transaction | Outside a trading venue |
All values are in British Pounds.
| Name of officer of issuer responsible for making notification: Nancy Jiang |
|---|
| Date of notification: 25 March 2026 |