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On 6 November 2026, four managerial executives at British American Tobacco p.l.c. acquired a total of 802 ordinary shares at a price of £45.62258 per share through a dividend reinvestment plan on the London Stock Exchange. The transactions included Chief Financial Officer Dragos Constantinescu (173 shares), President and CEO of Reynolds American Inc. David Waterfield (584 shares), Business Development Director James Barrett (43 shares), and Research and Science Director James Murphy (2 shares). The company was notified of these transactions on 10 November 2026.
| Date | 10 Nov 2026 |
| Time | 14:40:00 |
| Category | Director/PDMR dealings |
| ID | 5944C |
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
The Company has been notified by Computershare Investor Services PLC that on 6 November 2026 the following persons discharging managerial responsibilities acquired the following ordinary shares of 25p each in British American Tobacco p.l.c. as a result of the reinvestment of dividend income on shares held in a Computershare Nominee Account (“Share Plan Account”).
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 |
GB0002875804 | ||||
b) |
Nature of the transaction |
Acquisition of shares as a result of the reinvestment of dividend income on shareholdings in Computershare’s Share Plan Account. | ||||
c) |
Price(s) and volume(s) |
| ||||
d) |
Aggregated information
- Aggregated volume
- Price
|
173
£7,892.71 | ||||
e) |
Date of the transaction |
2026-11-06 | ||||
f) |
Place of the transaction |
London Stock Exchange (XLON) | ||||
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 |
Acquisition of shares as a result of the reinvestment of dividend income on shareholdings in Computershare’s Share Plan Account. | ||||
c) |
Price(s) and volume(s) |
| ||||
d) |
Aggregated information
- Aggregated volume
- Price
|
584
£26,643.59 | ||||
e) |
Date of the transaction |
2026-11-06 | ||||
f) |
Place of the transaction |
London Stock Exchange (XLON) | ||||
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 |
Acquisition of shares as a result of the reinvestment of dividend income on shareholdings in Computershare’s Share Plan Account. | ||||
c) |
Price(s) and volume(s) |
| ||||
d) |
Aggregated information
- Aggregated volume
- Price
|
43
£1,961.77 | ||||
e) |
Date of the transaction |
2026-11-06 | ||||
f) |
Place of the transaction |
London Stock Exchange (XLON) | ||||
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 |
Acquisition of shares as a result of the reinvestment of dividend income on shareholdings in Computershare’s Share Plan Account. | ||||
c) |
Price(s) and volume(s) |
| ||||
d) |
Aggregated information
- Aggregated volume
- Price
|
2
£91.25 | ||||
e) |
Date of the transaction |
2026-11-06 | ||||
f) |
Place of the transaction |
London Stock Exchange (XLON) | ||||
Name of officer of issuer responsible for making notification: Nancy Jiang Date of notification: 10 November 2026
|