British American Tobacco PLC Board Changes and Withdrawal of AGM Resolution (1865U)
April 01 2021 - 1:00AM
UK Regulatory
TIDMBATS
RNS Number : 1865U
British American Tobacco PLC
01 April 2021
British American Tobacco p.l.c.
1 April 2021
British American Tobacco Notice of Board Changes and Withdrawal
of AGM Resolution
The Company announces that it has received notice from Jerry
Fowden, Non-Executive Director of the Company, of his resignation
from the Board with effect from 1 April 2021. Accordingly, he will
not seek re-election at the Annual General Meeting to be held on 28
April 2021.
In view of BAT Group activities to expand its portfolio beyond
nicotine, Jerry has decided to step down from the Board of the
Company to ensure there would be no potential for a conflict of
interest to arise in view of his other external commitments, which
he has decided to focus on.
Chairman Richard Burrows said: "On behalf of the Board, I would
like to thank Jerry for his valuable contribution to the Company
since his appointment as a Non-Executive Director in September
2019. We wish him the very best for the future."
As the Company's Notice of Meeting has already been issued, the
Company confirms that the resolution to reappoint Jerry Fowden as a
Non-Executive Director of the Company (resolution number 9) is now
withdrawn.
The withdrawal of resolution number 9 does not otherwise affect
the validity of the Notice of Meeting, the proxy form or any proxy
votes already submitted on other proposed resolutions. The
numbering of all other proposed resolutions at the AGM will remain
unchanged. This announcement is made in compliance with the
Company's obligations under the Listing Rules, specifically Rule
9.6.11.
Board Committee Changes
Following receipt of notice of Jerry Fowden's resignation, a
review of the memberships of the Company's Board Committees has
been undertaken. Karen Guerra, a Non-Executive Director of the
Company, will join the Audit Committee and step down from the
Remuneration Committee with effect from 1 April 2021. The
biographical details within the Notice of Meeting in respect of
Karen Guerra's Committee membership should be read as including
those Committee membership changes. These changes do not affect the
validity of the Notice of Meeting or the proxy form.
As a consequence of the above changes, the memberships of the
Company's Audit Committee and Remuneration Committee (all
comprising Non-Executive Directors) are as follows with effect from
1 April 2021:
Audit Committee
Chair: Holly Keller Koeppel
Karen Guerra
Luc Jobin (to step down from the Audit Committee on appointment
as Chairman from conclusion of the Company's Annual General
Meeting)
Darrell Thomas
Remuneration Committee
Chair: Dimitri Panayotopoulos
Sue Farr
Dr Marion Helmes
Savio Kwan
Retirement of Jerry Fowden: disclosures required by section
430(2B), Companies Act 2006
As required by section 430(2B) of the Companies Act 2006, the
Company confirms that no remuneration is payable consequent upon or
in respect of his resignation.
Jerry Fowden received pro-rated Board, Audit Committee and
Nominations Committee fees to the date of his resignation. He will
not receive any payment for loss of office or any other payment in
relation to the cessation of his appointment with the Company.
Enquiries:
British American Tobacco Press Office
+44 (0) 20 7845 2888 (24 hours) | @BATplc
British American Tobacco Investor Relations
Mike Nightingale / Victoria Buxton / William Houston / John
Harney
+44 (0) 20 7845 1180 / 2012 / 1138 / 1263
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.
END
BOAEFLFXFXLXBBL
(END) Dow Jones Newswires
April 01, 2021 02:00 ET (06:00 GMT)
British American Tobacco (LSE:0A76)
Historical Stock Chart
From Apr 2024 to May 2024
British American Tobacco (LSE:0A76)
Historical Stock Chart
From May 2023 to May 2024