British American Tobacco p.l.c. (the
"Company")
Quarterly Dividends for the year ended 31 December
2023:
Payment No. 2 - August 2024 (the "August 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 August 2024 Dividend will be
payable on 2 August 2024 to shareholders registered on either the
UK main register or the South Africa branch register on 28 June
2024 (the record date).
In accordance with the JSE Limited
("JSE") Listing Requirements, the finalisation information for the
August 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 August 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=23.3396 as at 14 June 2024 (the closing rate on
that date as quoted by Bloomberg), results in an equivalent August
2024 Dividend of 1,374.23565 SA cents per ordinary
share.
South
Africa Branch Register: Dividends Tax Information
South Africa Dividends Tax (at a rate
of 20%), equivalent to 274.84713 SA cents per ordinary share, will
be withheld from the gross August 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 1099.38852 cents per
ordinary share. The August 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 August 2024
Dividend is the United Kingdom.
At the close of business on 14 June
2024 (the latest practicable date prior to the date of the
declaration of the South African rand equivalent of the August 2024
Dividend), the Company had a total of 2,222,455,980 ordinary shares
in issue (excluding treasury shares). The Company held 133,277,831
ordinary shares in treasury giving a total issued share capital of
2,355,733,811 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.
18 June 2024
Enquiries:
British
American Tobacco Media Centre
+44 (0)20 7845 2888 (24 hours)
│@BATPlc
Investor
Relations
Victoria Buxton: +44 (0)20 7845 2012 |
IR_team@bat.com