Key Developments: British American Tobacco PLC (BATS.L)
3,706.00GBp
24 May 2013
-9.00p (-0.24%)
3,715.00p
3,719.50p
3,742.50p
3,676.00p
1,694,413
2,605,510
3,790.00p
2,986.50p
Latest Key Developments (Source: Significant Developments)
British American Tobacco PLC Announces Close Period Of Share Repurchase Programme
British American Tobacco PLC announced that it will commence an irrevocable, non-discretionary programme to purchase shares on own behalf during the period commencing on April 3, 2013 up to and including April 24, 2013, therefore running through close period which commences on April 2, 2013 and ends on April 24, 2013. The shares repurchased will be put into treasury, rather than being cancelled. Whilst the shares are held in treasury, no dividends will be paid on them and they will have no voting rights. The buy-back programme will be managed by an independent third party, which makes its trading decisions in relation to the Company’s securities independently of, and uninfluenced by, the Company. Full Article
British American Tobacco PLC Recommends Final Dividend
British American Tobacco PLC announced that its Board recommends a final dividend of 92.7 pence per ordinary share of 25p for the year ended December 31, 2012. If approved by shareholders at the Annual General Meeting to be held on April 25, 2013, the final dividend will be payable on May 8, 2013 to shareholders registered on either the UK main register or the South African branch register on March 15, 2013 (the record date). Full Article
British American Tobacco PLC Announces Interim Dividend
British American Tobacco PLC announced that the Board has declared an Interim Dividend of GBP0.422 per ordinary share of 25 pence for the six months ended June 30, 2012. The Interim Dividend will be payable on September 26, 2012, to shareholders registered on either the UK main register or the South African branch register on August 17, 2012, (the record date). As the Group reports in sterling, 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 £:R = 13.10720 as at 23 July 2012 (the closing rate on that date as quoted by Bloomberg), results in an equivalent Interim Dividend of 553.12384 SA cents per ordinary share. From the commencement of trading on 25 July 2012 until the close of business on August 17, 2012, no removal requests between the UK main register and the South African branch register will be permitted and no shares may be dematerialised or rematerialised between August 13, 2012, and August 17, 2012, both days inclusive. Full Article
Souza Cruz SA Transfers Assets between Wholly Owned Subsidiaries; Sells Wholly Owned Subsidiary’s Stake in Yolanda Netherlands BV to British American Tobacco PLC’s Wholly Owned Subsidiary
Souza Cruz SA announced that, following the corporate simplification process initiated in 2010, its Board of Directors has approved the transfer to its wholly owned direct subsidiary Yolanda Participacoes SA of a 50% holding in a joint venture with the Government of Cuba called Brascuba SE Mista and of all other assets held by this company held by a wholly owned indirect subsidiary Yolanda Netherlands BV. The transfer of assets totaled approximately BRL 30.3 million. Moreover, it approved the transfer of the total of the shares held by Yolanda Participacoes SA in the share capital of Yolanda Netherlands BV to British American Tobacco (GLP) Ltd, a wholly owned subsidiary of British American Tobacco PLC. The net positive result of the operation was of approximately BRL 31.5 million. Full Article
British American Tobacco PLC Recommends Final Dividend
British American Tobacco PLC announced that the Board is recommending a final dividend of ZAR0.884, payable on May 3, 2012. The total dividend in respect of 2011 is ZAR1.265, an increase of 11%. Full Article
British American Tobacco PLC Completes Acquisition Of Productora Tabacalera de Colombia, S.A.S.
British American Tobacco PLC announced that it has completed its acquisition of Productora Tabacalera de Colombia, S.A.S. (Protabaco), cigarette company in Colombia, for an enterprise value of USD452 million. Full Article
British American Tobacco PLC Announces Close Period Share Repurchase Programme
British American Tobacco PLC announced that it has commenced an irrevocable, non-discretionary programme to purchase shares on its own behalf during the period commencing on October 3, 2011 up to and including October 25, 2011. The shares repurchased will be put into treasury, rather than being cancelled. Whilst the shares are held in treasury, no dividends will be paid on them and they will have no voting rights. The buy back programme will be managed by an independent third party, which makes its trading decisions in relation to the Company's securities independently of, and uninfluenced by, the Company. Any acquisitions will be effected within certain pre-set parameters, and in accordance with both the Company's general authority to repurchase shares and Chapter 12 of the Listing Rules which requires that the maximum price is an amount equal to 105% of the average market value of the Company's shares for the five business days immediately preceding the date on which the Company's shares are purchased. Full Article
British American Tobacco PLC Announces Interim Dividend
British American Tobacco PLC announced that the Board has declared an Interim Dividend of 38.1 pence per ordinary share of 25 pence for the six months ended June 30, 2011 The Interim Dividend will be payable on September 28, 2011, to shareholders registered on either the UK main register or the South African branch register on August 19, 2011 (the record date). Full Article
British American Tobacco PLC Announces Close Period Share Repurchase Programme
British American Tobacco PLC announced that it has commenced an irrevocable, non-discretionary programme to purchase shares on its own behalf during the period commencing on July 1, 2011 up to and including July 26, 2011. The shares repurchased will be put into treasury, rather than being cancelled. Whilst the shares are held in treasury, no dividends will be paid on them and they will have no voting rights. The buy back programme will be managed by an independent third party, which makes its trading decisions in relation to the Company's securities independently of and uninfluenced by, the Company. Full Article
BAT confident on earnings outlook after good start to year
LONDON, April 25 - British American Tobacco said it was confident it would grow earnings this year after it reported a 1 percent rise in volumes of its premium brands like Kent and Lucky Strike in the first three months of 2013.
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