REG - British Amer.Tobacco - Subtantial Repurchase Event

British American TobaccoAnnouncement

Yesterday 14:45

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251031:nRSe7167Fa&default-theme=true

RNS Number : 7167F  British American Tobacco PLC  31 October 2025

BRITISH AMERICAN TOBACCO p.l.c.
€1,000,000,000 Perpetual Subordinated Fixed-to-Reset Rate Non-Call 5.25 Year
Securities

(ISIN: XS2391779134; Common Code: 239177913) (the "Securities")

 

31 October 2025

Announcement of Issuer's Substantial Repurchase Event Redemption Option
Exercise and Related Cancellation of the Listing of the Securities

British American Tobacco p.l.c. (the "Issuer") today gave notice to the
holders of its outstanding Securities of the exercise of its option to redeem
the Securities follow the occurrence of a Substantial Repurchase Event (the
"Issuer's Substantial Repurchase Event Redemption Option") pursuant to
Condition 6(f) of the terms and conditions of the Securities (the
"Conditions") set out in Schedule 2 Part 2 to the Trust Deed related to the
Securities dated 27 September 2021 (the "Trust Deed").

The Issuer shall redeem all outstanding Securities pursuant to such Issuer's
Substantial Repurchase Event Redemption Option on 10 November 2025 (the
"Redemption Date") at their principal amount together with any accrued and
unpaid interest (including any accrued but unpaid Deferred Interest) up to
(but excluding) the Redemption Date.

Payment of the redemption monies will be made through Euroclear Bank SA/NV and
Clearstream Banking S.A., in accordance with their standard procedures.

The Issuer has requested the Financial Conduct Authority (the "FCA") to cancel
the listing of all outstanding Securities on or shortly after the Redemption
Date.

Unless otherwise defined herein, defined terms used have the meanings given to
them in the Trust Deed.

LEI Number (British American Tobacco p.l.c.): 213800FKA5MF17RJKT63

 

Enquiries:

Media Centre

press_office@bat.com | @BATplc

Investor Relations

Victoria Buxton | IR_team@bat.com

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCGZMFGMMVGKZM



            Copyright 2019 Regulatory News Service, all rights reserved