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On March 19, 2026, British American Tobacco p.l.c. granted a total of 77,316 ordinary shares under its Deferred Share Bonus Scheme to its Executive Director and twelve other persons discharging managerial responsibilities. These awards were made at an award price of £45.00 per share, totalling £3,279,220.00, and will vest after three years without further performance conditions.
| Date | 20 Mar 2026 |
| Time | 16:00:00 |
| Category | Director/PDMR dealings |
| ID | 5160X |
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
On 19 March 2026, the Company granted awards of British American Tobacco p.l.c. 25p ordinary shares (the "Shares") to the Executive Director and other persons discharging managerial responsibilities listed below under the Deferred Share Bonus Scheme at an award price of 4,500 pence per Share. Awards under the Deferred Share Bonus Scheme will vest after three years and no further performance conditions apply in that period.
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1
|
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name |
Tadeu Marroco |
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|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Chief Executive |
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|
b) |
Initial notification /Amendment |
Initial notification |
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|
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 |
GB0002875804 |
||||
|
b) |
Nature of the transaction |
Award of shares under the Deferred Share Bonus Scheme |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information
- Aggregated volume
- Price
|
15,238
£685,710.00 |
||||
|
e) |
Date of the transaction |
2026-03-19 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
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|
1
|
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name |
James Barrett |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Director, Business Development |
||||
|
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 |
GB0002875804 |
||||
|
b) |
Nature of the transaction |
Award of shares under the Deferred Share Bonus Scheme |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information
- Aggregated volume
- Price
|
3,627
£163,215.00 |
||||
|
e) |
Date of the transaction |
2026-03-19 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
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|
1
|
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name |
Luciano Comin |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Chief Marketing 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 |
GB0002875804 |
||||
|
b) |
Nature of the transaction |
Award of shares under the Deferred Share Bonus Scheme |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information
- Aggregated volume
- Price
|
5,018
£225,810.00 |
||||
|
e) |
Date of the transaction |
2026-03-19 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
1
|
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name |
Javed Iqbal |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Interim Chief Financial Officer and Director, Digital and Information |
||||
|
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 |
GB0002875804 |
||||
|
b) |
Nature of the transaction |
Award of shares under the Deferred Share Bonus Scheme |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information
- Aggregated volume
- Price
|
4,710
£211,950.00 |
||||
|
e) |
Date of the transaction |
2026-03-19 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
1
|
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name |
Zafar Khan |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Director, Operations |
||||
|
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 |
GB0002875804 |
||||
|
b) |
Nature of the transaction |
Award of shares under the Deferred Share Bonus Scheme |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information
- Aggregated volume
- Price
|
4,425
£199,125.00 |
||||
|
e) |
Date of the transaction |
2026-03-19 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
1
|
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name |
Cora Koppe-Stahrenberg |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Chief People 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 |
GB0002875804 |
||||
|
b) |
Nature of the transaction |
Award of shares under the Deferred Share Bonus Scheme |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information
- Aggregated volume
- Price
|
9,134
£411,030.00 |
||||
|
e) |
Date of the transaction |
2026-03-19 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
1
|
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name |
Paul McCrory |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Director, Legal and General Counsel |
||||
|
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 |
GB0002875804 |
||||
|
b) |
Nature of the transaction |
Award of shares under the Deferred Share Bonus Scheme |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information
- Aggregated volume
- Price
|
3,687
£165,915.00 |
||||
|
e) |
Date of the transaction |
2026-03-19 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
1
|
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name |
Pascale Meulemeester |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Regional Director, Asia-Pacific, Middle East and Africa |
||||
|
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 |
GB0002875804 |
||||
|
b) |
Nature of the transaction |
Award of shares under the Deferred Share Bonus Scheme |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information
- Aggregated volume
- Price
|
2,600
£117,000.00 |
||||
|
e) |
Date of the transaction |
2026-03-19 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
1
|
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name |
Frederico Monteiro |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Regional Director, Americas & Europe |
||||
|
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 |
GB0002875804 |
||||
|
b) |
Nature of the transaction |
Award of shares under the Deferred Share Bonus Scheme |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information
- Aggregated volume
- Price
|
4,542
£204,390.00 |
||||
|
e) |
Date of the transaction |
2026-03-19 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
1
|
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name |
James Murphy |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Director, Research and Science |
||||
|
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 |
GB0002875804 |
||||
|
b) |
Nature of the transaction |
Award of shares under the Deferred Share Bonus Scheme |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information
- Aggregated volume
- Price
|
7,782
£350,190.00 |
||||
|
e) |
Date of the transaction |
2026-03-19 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
1
|
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name |
Johan Vandermeulen |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Chief Operating 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 |
GB0002875804 |
||||
|
b) |
Nature of the transaction |
Award of shares under the Deferred Share Bonus Scheme |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information
- Aggregated volume
- Price
|
6,049
£272,205.00 |
||||
|
e) |
Date of the transaction |
2026-03-19 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
1
|
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name |
David Waterfield |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
President and CEO, Reynolds American Inc. |
||||
|
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 |
GB0002875804 |
||||
|
b) |
Nature of the transaction |
Award of shares under the Deferred Share Bonus Scheme |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information
- Aggregated volume
- Price
|
4,747
£213,615.00 |
||||
|
e) |
Date of the transaction |
2026-03-19 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
1
|
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name |
Kingsley Wheaton |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Chief Corporate 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 |
GB0002875804 |
||||
|
b) |
Nature of the transaction |
Award of shares under the Deferred Share Bonus Scheme |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information
- Aggregated volume
- Price
|
5,757
£259,065.00 |
||||
|
e) |
Date of the transaction |
2026-03-19 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
Name of officer of issuer responsible for making notification: Nancy Jiang Date of notification: 20 March 2026
|