REG - British Amer.Tobacco - Branch Register: Dividend Finalisation Information

British American TobaccoAnnouncement

20/09/2022 07:00

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RNS Number : 8251Z  British American Tobacco PLC  20 September 2022

British American Tobacco p.l.c. (the "Company")

 

Quarterly Dividends for the year ended 31 December 2021:

Payment No. 3 - November 2022 (the "November 2022 Dividend")

South Africa Branch Register Finalisation Information

 

On 11 February 2022, the Company announced that the Board had declared an
interim dividend of 217.8p per ordinary share of 25p, payable in four equal
quarterly instalments of 54.45p per ordinary share in May 2022, August 2022,
November 2022 and February 2023.

 

The November 2022 Dividend will be payable on 10 November 2022 to shareholders
registered on either the UK main register or the South Africa branch register
on 30 September 2022 (the record date).

 

In accordance with the JSE Limited ("JSE") Listing Requirements, the
finalisation information for the November 2022 Dividend relating to
shareholders registered on the South Africa branch register is set out in the
paragraphs below.

 

The salient dates and other dividend declaration information announced on 11
February 2022 remain unchanged for the November 2022 Dividend.

 

South Africa Branch Register: Dividend Rate

 

The British American Tobacco Group reports in sterling, therefore dividends
are declared and payable in sterling except for shareholders on the branch
register in South Africa whose dividends are payable in rand.  A rate of
exchange of £:R= 20.17070 as at 15 September 2022 (the closing rate on that
date as quoted by Bloomberg), results in an equivalent November 2022 Dividend
of 1098.29462 SA cents per ordinary share.

 

South Africa Branch Register: Dividends Tax Information

 

South Africa Dividends Tax (at a rate of 20%), equivalent to 219.65892 SA
cents per ordinary share, will be withheld from the gross November 2022
Dividend paid to shareholders on the South Africa branch register, unless a
shareholder qualifies for an exemption. After Dividends Tax has been withheld,
the net dividend will be 878.63569 SA cents per ordinary share.  The November
2022 Dividend is regarded as a 'foreign dividend' for the purposes of the
South Africa Dividends Tax. For the purposes of South Africa Dividends Tax
reporting, the source of income for the payment of the November 2022 Dividend
is the United Kingdom.

 

At the close of business on 15 September 2022 (the latest practicable date
prior to the date of the declaration of the South African rand equivalent of
the November 2022 Dividend), the Company had a total of 2,247,888,962 ordinary
shares in issue (excluding treasury shares). The Company held 208,937,661
ordinary shares in treasury giving a total issued share capital of
2,456,826,623 ordinary shares.

 

British American Tobacco p.l.c. is registered with the South African Revenue
Service (SARS) with tax reference number 9378193172.

 

For the avoidance of doubt, Dividends Tax and the information provided above
is of only direct application to shareholders on the South Africa branch
register. Shareholders on the South Africa branch register should direct any
questions regarding the application of Dividends Tax to Computershare Investor
Services Proprietary Limited, contact details for which are given below:

 

Computershare Investor Services Proprietary Limited

Private Bag, X9000, Saxonwold, 2132

tel: 0861 100 634; +27 11 870 8216

email enquiries: web.queries@computershare.co.za

 

 

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

 

Paul McCrory

Company Secretary

British American Tobacco p.l.c.

 

20 September 2022

 

Enquiries:

 

Investor Relations

Victoria Buxton/William Houston/John Harney

+44 20 7845 1180/2012/1138/1263

 

British American Tobacco Press Office

+44 (0) 20 7845 2888 (24 hours) | @BATPlc  (https://twitter.com/#!/BATPress)

 

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