British American Tobacco PLC Branch Register: Dividend Finalisation Information (1735S)
March 15 2021 - 2:00AM
UK Regulatory
TIDMBATS
RNS Number : 1735S
British American Tobacco PLC
15 March 2021
British American Tobacco p.l.c. (the "Company")
Quarterly Dividends for the year ended 31 December 2020:
Payment No. 1 - May 2021 (the "May 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 May 2021 Dividend will be payable on 12 May 2021 to
shareholders registered on either the UK main register or the South
Africa branch register on 26 March 2021 (the record date).
In accordance with the JSE Limited ("JSE") Listing Requirements,
the finalisation information for the May 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 May 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 GBP:R = 20.72650 as at
11 March 2021 (the closing rate on that date as quoted by
Bloomberg), results in an equivalent May 2021 Dividend of
1117.15835 SA cents per ordinary share.
South Africa Branch Register: Dividends Tax Information
South Africa Dividends Tax (at a rate of 20%), equivalent to
223.43167 SA cents per ordinary share, will be withheld from the
gross May 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
893.72668 SA cents per ordinary share. The May 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 May 2021
Dividend is the United Kingdom.
At the close of business on 11 March 2021 (the latest
practicable date prior to the date of the declaration of the South
African rand equivalent of the May 2021 Dividend), the Company had
a total of 2,294,611,554 ordinary shares in issue (excluding
treasury shares). The Company held 161,982,116 ordinary shares in
treasury giving a total issued share capital of 2,456,593,670
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:
Paul McCrory
Company Secretary
British American Tobacco p.l.c.
15 March 2021
Enquiries:
Investor Relations
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
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