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

British American TobaccoAnnouncement

13/03/2023 07:00

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RNS Number : 6578S  British American Tobacco PLC  13 March 2023

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

 

Quarterly Dividends for the year ended 31 December 2022:

Payment No. 1 - May 2023 (the "May 2023 Dividend")

South Africa Branch Register Finalisation Information

 

On 9 February 2023, the Company announced that the Board had declared an
interim dividend of 230.9p per ordinary share of 25p, payable in four equal
quarterly instalments of 57.72p per ordinary share in May 2023, August 2023,
November 2023 and February 2024.

 

The May 2023 Dividend will be payable on 3 May 2023 to shareholders registered
on either the UK main register or the South Africa branch register on 24 March
2023 (the record date).

 

In accordance with the JSE Limited ("JSE") Listing Requirements, the
finalisation information for the May 2023 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 9
February 2023 remain unchanged for the May 2023 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=22.01360 as at 9 March 2023 (the closing rate on that date as
quoted by Bloomberg), results in an equivalent May 2023 Dividend of 1270.62499
SA cents per ordinary share.

 

South Africa Branch Register: Dividends Tax Information

 

South Africa Dividends Tax (at a rate of 20%), equivalent to 254.12500 SA
cents per ordinary share, will be withheld from the gross May 2023 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 1016.49999 SA cents per ordinary share.  The May 2023
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 May 2023 Dividend is
the United Kingdom.

 

At the close of business on 9 March 2023 (the latest practicable date prior to
the date of the declaration of the South African rand equivalent of the May
2023 Dividend), the Company had a total of 2,235,907,607 ordinary shares in
issue (excluding treasury shares). The Company held 220,963,856 ordinary
shares in treasury giving a total issued share capital of 2,456,871,463
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:

 

P McCrory

Company Secretary

British American Tobacco p.l.c.

 

13 March 2023

 

Enquiries:

 

British American Tobacco Media Centre

+44 (0)20 7845 2888 (24 hours) │@BATPlc

 

Investor Relations

Victoria Buxton / Yetunde Ibe / John Harney:

+44 (0)20 7845 2012 / 1095 / 1263

 

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