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British American Tobacco PLC  -  BATS   

Dividend Declaration

Released 07:00 05-Dec-2017

RNS Number : 3577Y
British American Tobacco PLC
05 December 2017
 

British American Tobacco p.l.c. (the "Company")

 

Second Interim Dividend for the year ending 31 December 2017

The Board of the Company has declared a second interim dividend of 43.6 pence per ordinary share of 25p for the year ending 31 December 2017. The second interim dividend will be payable on 8 February 2018 to shareholders registered on either the UK main register or the South Africa branch register on 29 December 2017 (the record date).

For holders of American Depositary Shares ("ADSs") listed on the New York Stock Exchange ("NYSE"), the record date is also 29 December 2017 with a payment date of 13 February 2018. The equivalent second interim dividend receivable by holders of ADSs in US dollars will be calculated based on the exchange rate on 8 February 2018. A fee of USD0.005 per ADS will be charged by Citibank, N.A. in its capacity as depositary bank for the BAT American Depositary Receipt ("ADR") programme in respect of this dividend.

South Africa Branch Register

In accordance with the JSE Limited ("JSE") Listing Requirements, the finalisation information relating to shareholders registered on the South Africa branch register (comprising the amount of the dividend in South African rand, the exchange rate and the associated conversion date) will be published on Friday 15 December 2017, together with South Africa dividends tax information.

The second interim 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 second interim dividend is the United Kingdom.

Key Dates

In compliance with the requirements of the London Stock Exchange ("LSE"), the NYSE and Strate, the electronic settlement and custody system used by the JSE, the following salient dates for the payment of the second interim dividend are applicable:

Event


Date

Last Day to Trade ("LDT") cum dividend (JSE)


Friday 22 December 2017

Shares commence trading ex dividend (JSE)


Wednesday 27 December 2017

Shares commence trading ex dividend (LSE and NYSE)


Thursday 28 December 2017

Record date (JSE, LSE and NYSE)


Friday 29 December 2017

Payment date (LSE and JSE)


Thursday 8 February 2018

ADS Payment date (NYSE)


Tuesday 13 February 2018




No removal requests permitted between the UK main register and the South Africa branch register


Friday 15 December to Friday 29 December 2017 (inclusive)

No transfers permitted between the UK main register and the South Africa branch register; no shares may be dematerialised or rematerialised


Wednesday 27 December to Friday 29 December 2017 (inclusive)

Full Dividend Calendar

The full calendar for the second interim dividend is set out below, for information:

 

Date



Tuesday 5 December 2017


Declaration of second interim dividend: amount of dividend per ordinary share in Pound sterling.

Friday 15 December 2017


Publication of finalisation information for the South Africa branch register: amount of dividend per ordinary share in rand; applicable exchange rate and conversion date - Wednesday 13 December 2017; plus additional applicable information as required in respect of South Africa Dividends Tax.

Friday 15 December to Friday 29 December 2017


From the commencement of trading on Friday 15 December to Friday 29 December 2017 (inclusive), no removal requests in either direction between the UK main register and the South Africa branch register will be permitted.

Friday 22 December 2017


Last Day to Trade or LDT (JSE)

Wednesday 27 December to Friday 29 December 2017


From the commencement of trading on Wednesday 27 December to Friday 29 December 2017 (inclusive), no transfers between the UK main register and the South Africa branch register will be permitted; no shares may be dematerialised or rematerialised.

Wednesday 27 December 2017


Ex-dividend date (JSE)

Thursday 28 December 2017


Ex-dividend date (LSE and NYSE)

Friday 29 December 2017


Record date (LSE, JSE and NYSE)

Thursday 18 January 2018


Last date for receipt of Dividend Reinvestment Plan (DRIP) elections (UK main register only)

Thursday 8 February 2018


Payment date (sterling and rand)

Tuesday 13 February 2018


ADS payment date (US dollars)

 

Quarterly Dividend Payments from 2018

As previously announced, from 1 January 2018 the Group will move to four interim quarterly dividend payments. The dividend amount will be announced as part of the Preliminary Results Announcement scheduled for 22 February 2018 and will be paid in four equal instalments in May, August, November 2018 and February 2019.

The proposed dates for the quarterly dividend payments for the year ending 31 December 2017 are set out below.  A full timetable will be included in the Preliminary Results Announcement in February 2018.

Event

Quarterly Dividend Payments

Payment Number 1

Payment Number 2

Payment Number 3

Payment Number 4

Ex-dividend date (JSE)

20 Mar 2018

27 Jun 2018

3 Oct 2018

24 Dec 2018

Ex-dividend date
(LSE and NYSE)

22 Mar 2018

28 Jun 2018

4 Oct 2018

27 Dec 2018

Record date

23 Mar 2018

29 Jun 2018

5 Oct 2018

28 Dec 2018

Payment date
(Ordinary Shares)

9 May 2018

8 Aug 2018

15 Nov 2018

7 Feb 2019

Payment date (ADSs)

14 May 2018

13 Aug 2018

20 Nov 2018

12 Feb 2019

Note:

·     The dates set out above may be subject to any changes to public holidays arising and changes or revisions to the LSE, JSE and NYSE timetables.  Any confirmed changes to the dates will be announced.

 

Name of duly authorised officer of issuer responsible for making notification: 

 

Paul McCrory

Company Secretary

British American Tobacco p.l.c.

 

5 December 2017

 

Enquiries:

 

Investor Relations

Mike Nightingale/Rachael Brierley/Stephanie Brassinne        

+44 20 7845 1180/1519/2012

 

British American Tobacco Press Office

Anna Vickerstaff                           

+44 20 7845 2888 

 

 

CORPORATE INFORMATION

Premium listing

London Stock Exchange (Share Code: BATS; ISIN: GB0002875804)

Computershare Investor Services PLC

The Pavilions, Bridgwater Road, Bristol BS99 6ZZ, UK

tel: 0800 408 0094; +44 370 889 3159

Share dealing tel: 0370 703 0084 (UK only)

Your account: www.computershare.com/uk/investor/bri

Share dealing: www.computershare.com/dealing/uk

Web-based enquiries: www.investorcentre.co.uk/contactus

 

Secondary listing

JSE (Share Code: BTI)

Shares are traded in electronic form only and transactions settled electronically through Strate.

Computershare Investor Services Proprietary Limited

PO Box 61051, Marshalltown 2107, South Africa

tel: 0861 100 634; +27 11 870 8216

email enquiries: web.queries@computershare.co.za

 

American Depositary Shares ("ADSs")

NYSE (Symbol: BTI; CUSIP Number: 110448107)

BAT's shares are listed on the NYSE in the form of American Depositary Shares (ADSs) and these are evidenced by American Depositary Receipts (ADRs), each one of which represents one ordinary share of British American Tobacco p.l.c. Citibank, N.A. is the depositary bank for the sponsored ADR programme.

Citibank Shareholder Services

PO Box 43077, Providence, Rhode Island 02940-3077, USA

tel: 1-888-985-2055 (toll-free) or +1 781 575 4555

email enquiries: citibank@shareholders-online.com

website: www.citi.com/dr


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Dividend Declaration - RNS