British American Tobacco PLC Branch Register: Dividend Finalisation Information (5274C)
June 18 2019 - 02:01AM
UK Regulatory
TIDMBATS
RNS Number : 5274C
British American Tobacco PLC
18 June 2019
British American Tobacco p.l.c. (the "Company")
Quarterly Dividends for the year ended 31 December 2018:
Payment No. 2 - August 2019 (the "August 2019 Dividend")
South Africa Branch Register Finalisation Information
On 28 February 2019, the Company announced that the Board had
declared an interim dividend of 203.0p per ordinary share of 25p,
payable in four equal quarterly instalments of 50.75p per ordinary
share in May 2019, August 2019, November 2019 and February
2020.
The August 2019 Dividend will be payable on 8 August 2019 to
shareholders registered on either the UK main register or the South
Africa branch register on 28 June 2019 (the record date).
In accordance with the JSE Limited ("JSE") Listing Requirements,
the finalisation information for the August 2019 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 28 February 2019 remain unchanged for the August 2019
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 = 18.67540 as at
14 June 2019 (the closing rate on that date as quoted by
Bloomberg), results in an equivalent August 2019 Dividend of
947.77655 SA cents per ordinary share.
South Africa Branch Register: Dividends Tax Information
South Africa Dividends Tax (at a rate of 20%), equivalent to
189.55531 SA cents per ordinary share, will be withheld from the
gross August 2019 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
758.22124 SA cents per ordinary share. The August 2019 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 August
2019 Dividend is the United Kingdom.
At the close of business on 14 June 2019 (the latest practicable
date prior to the date of the declaration of the South African rand
equivalent of the August 2019 Dividend), the Company had a total of
2,293,797,171 ordinary shares in issue (excluding treasury shares).
The Company held 162,645,590 ordinary shares in treasury giving a
total issued share capital of 2,456,442,761 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
PO Box 61051, Marshalltown 2107, South Africa
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.
18 June 2019
Enquiries:
Investor Relations
Mike Nightingale/Rachael Brierley/John Harney
+44 20 7845 1180/1519/1263
British American Tobacco Press Office
+44 (0) 20 7845 2888 (24 hours) | @BATPress
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.
END
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