Tobacco

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British American Tobacco declares interim dividend

Thursday, 26 Feb 2015 02:03am EST

British American Tobacco PLC:Declared an interim dividend of 100.06 pence per ordinary share of 25 pence for year ended ended December 31, 2014.Interim dividend will be payable on May 7 to shareholders registered on either UK main register or South Africa branch register on March 20.

British American Tobacco PLC confirms possible offer for Souza Cruz minorities

Monday, 23 Feb 2015 07:10am EST

British American Tobacco PLC:Says following on from the recent announcement by Souza Cruz.Says the company confirms that it is evaluating a possible public tender offer to acquire up to all of the 24.7 pct of Souza Cruz shares which are not currently owned by BAT and to delist the company.Says any offer for Souza Cruz's shares would be at a price per share of 26.75 Brazilian Rea, to be paid in cash, in Brazilian Reais, and to be reduced by any dividend paid by Souza Cruz.

BAT considers buying remaining stake in Souza Cruz SA

Monday, 23 Feb 2015 06:54am EST

Souza Cruz SA:Says that British American Tobacco International (Holdings) BV ("BAT"), its controlling shareholder, informed that it is evaluating a possible public tender offer to acquire up to all shares of the company and delist it.Company's shares held by non-controlling shareholders represent 24.7 percent of total shares issued.Any offer for the company's shares would be at a price per share of 26.75 Brazilian reais, to be paid in cash and to be reduced by any dividend paid by the company.The price per share represents a 30 percent premium to the company's volume weighted average closing share price over the three months ending on Friday Feb. 20, being the last trading day before the date of announcement.There can be no certainty that any offer will be made, the related terms of any such offer nor that any delisting will occur.BAT informed the company that it intends to complete within 30 days all relevant analyses and considerations in its evaluation of whether and on what terms to proceed with the offer.

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