British Amer.Tobacco - Director/PDMR Shareholding
British American Tobacco p.l.c.
("the Company")
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Conditional Share Awards
On 1 September 2026, the Company granted six awards of British American Tobacco p.l.c. ordinary shares of 25p each (the "Shares") to the following Executive Director (the "Awards"). The Awards are intended to replace long term incentives from the previous employer that were forfeited on joining the Company.
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Dragos Constantinescu
2
Reason for the notification
a)
Position/status
Chief Financial Officer
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
British American Tobacco p.l.c.
b)
LEI
213800FKA5MF17RJKT63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 25p each
GB0002875804
b)
Nature of the transaction
Award of unrestricted shares, immediately available.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£41.29
12,254
d)
Aggregated information
- Aggregated volume
- Price
12,254
£505,967.66
e)
Date of the transaction
2026-09-01
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Dragos Constantinescu
2
Reason for the notification
a)
Position/status
Chief Financial Officer
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
British American Tobacco p.l.c.
b)
LEI
213800FKA5MF17RJKT63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 25p each
GB0002875804
b)
Nature of the transaction
Award of shares under the Restricted Share Plan which shall vest on 20 March 2027.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£41.29
14,091
d)
Aggregated information
- Aggregated volume
- Price
14,091
£581,817.39
e)
Date of the transaction
2026-09-01
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Dragos Constantinescu
2
Reason for the notification
a)
Position/status
Chief Financial Officer
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
British American Tobacco p.l.c.
b)
LEI
213800FKA5MF17RJKT63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 25p each
GB0002875804
b)
Nature of the transaction
Award of shares under the Restricted Share Plan which shall vest on 20 March 2028.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£41.29
23,266
d)
Aggregated information
- Aggregated volume
- Price
23,266
£960,653.14
e)
Date of the transaction
2026-09-01
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Dragos Constantinescu
2
Reason for the notification
a)
Position/status
Chief Financial Officer
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
British American Tobacco p.l.c.
b)
LEI
213800FKA5MF17RJKT63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 25p each
GB0002875804
b)
Nature of the transaction
Award of shares under the Restricted Share Plan which shall vest on 19 March 2029.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£41.29
8,304
d)
Aggregated information
- Aggregated volume
- Price
8,304
£342,872.16
e)
Date of the transaction
2026-09-01
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Dragos Constantinescu
2
Reason for the notification
a)
Position/status
Chief Financial Officer
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
British American Tobacco p.l.c.
b)
LEI
213800FKA5MF17RJKT63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 25p each
GB0002875804
b)
Nature of the transaction
Award of shares under the Restricted Share Plan which shall vest on 20 March 2030.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£41.29
3,320
d)
Aggregated information
- Aggregated volume
- Price
3,320
£137,082.80
e)
Date of the transaction
2026-09-01
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Dragos Constantinescu
2
Reason for the notification
a)
Position/status
Chief Financial Officer
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
British American Tobacco p.l.c.
b)
LEI
213800FKA5MF17RJKT63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 25p each
GB0002875804
b)
Nature of the transaction
Award of shares under the Performance Share Plan which will vest to the extent that the performance conditions are satisfied at the end of the three-year performance period. The shares will be released following a holding period of two years on 1 September 2031. The volume below represents the maximum number of Shares that could vest assuming performance conditions are met in full.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£45.00
63,777
d)
Aggregated information
- Aggregated volume
- Price
63,777
£2,869,965.00
e)
Date of the transaction
2026-09-01
f)
Place of the transaction
Outside a trading venue
Name of officer of issuer responsible for making notification: Nancy Jiang
Date of notification: 2 September 2026
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 or visit 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.ENDDSHBGGDCUXGDGLD
Recent news on British American Tobacco
See all newsFactbox: Companies cutting jobs as investments shift toward AI
Philip Morris warns conflicts are raising costs, hurting earnings (updated)
Philip Morris beats third-quarter estimates on smoke-free product demand
British Amer.Tobacco - Director/PDMR Shareholding
British Amer.Tobacco - Director/PDMR Shareholding