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

British American TobaccoAnnouncement

11/03/2024 07:00

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RNS Number : 2235G  British American Tobacco PLC  11 March 2024

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

 

Quarterly Dividends for the year ended 31 December 2023:

Payment No. 1 - May 2024 (the "May 2024 Dividend")

South Africa Branch Register Finalisation Information

 

On 8 February 2024, the Company announced that the Board had declared an
interim dividend of 235.52p per ordinary share of 25p, payable in four equal
quarterly instalments of 58.88p per ordinary share in May 2024, August 2024,
November 2024 and February 2025.

 

The May 2024 Dividend will be payable on 2 May 2024 to shareholders registered
on either the UK main register or the South Africa branch register on 22 March
2024 (the record date).

 

In accordance with the JSE Limited ("JSE") Listing Requirements, the
finalisation information for the May 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 8
February 2024 remain unchanged for the May 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=23.9241as at 7 March 2024 (the closing rate on that date as
quoted by Bloomberg), results in an equivalent May 2024 Dividend of 1408.65101
SA cents per ordinary share.

 

South Africa Branch Register: Dividends Tax Information

 

South Africa Dividends Tax (at a rate of 20%), equivalent to 281.73020 SA
cents per ordinary share, will be withheld from the gross May 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 1126.92081 cents per ordinary share.  The May 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 May 2024 Dividend is the United
Kingdom.

 

At the close of business on 7 March 2024 (the latest practicable date prior to
the date of the declaration of the South African rand equivalent of the May
2024 Dividend), the Company had a total of 2,236,421,561 ordinary shares in
issue (excluding treasury shares). The Company held 220,523,018 ordinary
shares in treasury giving a total issued share capital of 2,456,944,579
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

Assistant Secretary

British American Tobacco p.l.c.

 

11 March 2024

 

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

Yetunde Ibe: +44 (0)20 7845 1095

John Harney: +44 (0)20 7845 1263

Jane Henderson: +44 (0)20 7845 1117

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