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

British American TobaccoAnnouncement

12/12/2023 07:15

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RNS Number : 3888W  British American Tobacco PLC  12 December 2023

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

 

Quarterly Dividends for the year ended 31 December 2022:

Payment No. 4 - February 2024 (the "February 2024 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 February 2024 Dividend will be payable on 1 February 2024 to shareholders
registered on either the UK main register or the South Africa branch register
on 22 December 2023 (the record date).

 

In accordance with the JSE Limited ("JSE") Listing Requirements, the
finalisation information for the February 2024 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 February 2024 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=23.8017 as at 8 December 2023 (the closing rate on that date
as quoted by Bloomberg), results in an equivalent February 2024 Dividend of
1373.83412 SA cents per ordinary share.

 

South Africa Branch Register: Dividends Tax Information

 

South Africa Dividends Tax (at a rate of 20%), equivalent to 274.76682 SA
cents per ordinary share, will be withheld from the gross February 2024
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 1099.06730 SA cents per ordinary share.  The
February 2024 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 February 2024 Dividend
is the United Kingdom.

 

At the close of business on 8 December 2023 (the latest practicable date prior
to the date of the declaration of the South African rand equivalent of the
February 2024 Dividend), the Company had a total of 2,236,408,054  ordinary
shares in issue (excluding treasury shares). The Company held 220,533,855
ordinary shares in treasury giving a total issued share capital of
2,456,941,909 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:

 

Nancy Jiang

Senior Assistant Company Secretary

British American Tobacco p.l.c.

 

12 December 2023

 

Enquiries:

 

British American Tobacco Media Centre

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

 

Investor Relations

Victoria Buxton: +44 (0)20 7845 2012

Amy Chamberlain +44 (0)20 7845 1124

John Harney: +44 (0)20 7845 1263

Jane Henderson +44 (0)207845 1117

 

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