Branch Register: Dividend Finalisation Information
British American Tobacco p.l.c. (the "Company")
Quarterly Dividends for the year ended 31 December 2020:
Payment No. 3 - November 2021 (the "November 2021 Dividend")
South Africa Branch Register Finalisation Information
On 17 February 2021, the Company announced that the Board had declared an interim dividend of 215.6p per ordinary share of 25p, payable in four equal quarterly instalments of 53.9p per ordinary share in May 2021, August 2021, November 2021 and February 2022.
The November 2021 Dividend will be payable on 11 November 2021 to shareholders registered on either the UK main register or the South Africa branch register on 1 October 2021 (the record date).
In accordance with the JSE Limited ("JSE") Listing Requirements, the finalisation information for the November 2021 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 17 February 2021 remain unchanged for the November 2021 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 = 20.10230 as at 16 September 2021 (the closing rate on that date as quoted by Bloomberg), results in an equivalent November 2021 Dividend of 1083.51397 SA cents per ordinary share.
South Africa Branch Register: Dividends Tax Information
South Africa Dividends Tax (at a rate of 20%), equivalent to 216.70279 SA cents per ordinary share, will be withheld from the gross November 2021 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 866.81118 SA cents per ordinary share. The November 2021 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 November 2021 Dividend is the United Kingdom.
At the close of business on 16 September 2021 (the latest practicable date prior to the date of the declaration of the South African rand equivalent of the November 2021 Dividend), the Company had a total of 2,294,647,337 ordinary shares in issue (excluding treasury shares). The Company held 161,956,771 ordinary shares in treasury giving a total issued share capital of 2,456,604,108 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: [email protected]
Name of duly authorised officer of issuer responsible for making notification:
British American Tobacco p.l.c.
20 September 2021
Mike Nightingale/Victoria Buxton/William Houston/John Harney
+44 20 7845 1180/2012/1138/1263
British American Tobacco Press Office
+44 (0) 20 7845 2888 (24 hours) | @BATPlc