EX-99.3 4 ex99-3.htm PRESS RELEASE
Exhibit 3

British American Tobacco p.l.c. (the “Company”)

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

On 31 March 2025 the independent Trustee of the British American Tobacco Group Employee Trust released the following number of British American Tobacco p.l.c. 25p ordinary shares (the “Shares”) granted to the following Executive Director under the 2020 Long-Term Incentive Plan. Subsequent sales of shares are also set out below.

1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Tadeu Marroco
2
Reason for the notification
a)
Position/status
Chief Executive
 
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
British American Tobacco p.l.c.
b)
LEI
213800FKA5MF17RJKT63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
Transaction 1
a)
Description of the financial instrument, type of instrument
 
Identification code
Ordinary shares of 25p each
 
GB0002875804
b)
Nature of the transaction
Shares released under the 2020 Long-Term Incentive Plan
c)
Price(s) and volume(s)
        
 
Price(s)
Volume(s)
  
 
£nil
67,109
  
       
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
67,109
 
£nil
e)
Date of the transaction
2025-03-31
f)
Place of the transaction
Outside a trading venue
 
Transaction 2
a)
Description of the financial instrument, type of instrument
 
Identification code
Ordinary shares of 25p each
 
GB0002875804
b)
Nature of the transaction
Sale of shares to meet tax liability arising on vesting of 2020 Long-Term Incentive Plan
c)
Price(s) and volume(s)
        
 
Price(s)
Volume(s)
  
 
£31.820
31,544
  
       
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
31,544
 
£1,003,730.08
e)
Date of the transaction
2025-04-01
f)
Place of the transaction
Outside a trading venue

Name of officer of issuer responsible for making notification: Nancy Jiang

Date of notification: 2 April 2025