TIDMBATS
RNS Number : 7253E
BAT International Finance PLC
09 November 2020
NOTICE OF REDEMPTION
to the holders of
B.A.T. INTERNATIONAL FINANCE P.L.C.
(the "Issuer")
3.500% Guaranteed Notes due 2022
(the "Notes")
CUSIP Numbers*: 05530QAL4; G08820CJ26
Common Code*: 124848997; 124849578
ISINs*: US05530QAL41; USG08820CJ26
REDEMPTION DATE: 8 NOVEMBER 2020
In accordance with Section 4 (Redemption) of the Notes and in
accordance with Section 6(f) and Section 13 of the fiscal and
paying agency agreement, dated as of 15 June 2015 and as amended,
supplemented or otherwise modified (the "Fiscal and Paying Agency
Agreement"), the Issuer redeemed all of its outstanding Notes
yesterday, 8 November 2020 (the "Redemption Date"). Citibank, N.A.,
London Branch acts as fiscal agent, paying agent, transfer agent
and registrar under the Notes.
The Redemption Price payment will be made in accordance with
Section 4 (Redemption) of the Notes and in accordance with Section
6(f) and Section 13 of the Fiscal and Paying Agency Agreement. The
Redemption Price will be equal to US$1,050.47 per US$1,000
principal amount, plus accrued and unpaid interest on the principal
amount of the Notes to be redeemed to the Redemption Date, which is
equal to US$13.9028 per US$1,000 principal amount.
The Issuer will request from the Financial Conduct Authority the
cancellation of the listing of the Notes, which are listed on the
Official List of the Financial Conduct Authority and traded on the
Professional Securities Market of the London Stock Exchange plc.
The cancellation of this listing will take effect on or around 11
November 2020.
Unless otherwise defined in this Notice, terms used in this
Notice have the meanings given to them in the Notes.
For and on behalf of
B.A.T. International Finance p.l.c.
9 November 2020
Enquiries :
British American Tobacco Press Office: Lydia Meakin / Anna
Vickerstaff
+44 (0) 20 7845 2888 (24 hours) | @BATPress
British American Tobacco Investor Relations: Mike Nightingale /
Victoria Buxton / William Houston / John Harney +44 (0) 20 7845
1180/2012/1138/1263
*These CUSIP numbers, Common Codes and ISINs are included solely
for the convenience of the holders. Neither the Company nor the
Paying Agent shall be responsible for the selection or use of any
CUSIP number, Common Code or ISIN, nor is any representation made
as to its correctness or accuracy on any Note or as referred to in
any redemption notice.
Forward Looking Statements
This announcement contains certain forward-looking statements,
including "forward-looking" statements made within the meaning of
Section 21E of the United States Securities Exchange Act of 1934.
These statements are often, but not always, made through the use of
words or phrases such as "believe," "anticipate," "could," "may,"
"would," "should," "intend," "plan," "potential," "predict,"
"will," "expect," "estimate," "project," "positioned," "strategy,"
"outlook", "target" and similar expressions. These include
statements regarding our intentions, beliefs or current
expectations concerning, amongst other things, our results of
operations, financial condition, liquidity, prospects, growth,
strategies and the economic and business circumstances occurring
from time to time in the countries and markets in which the Group
operates.
All such forward-looking statements involve estimates and
assumptions that are subject to risks, uncertainties and other
factors that could cause actual future financial condition,
performance and results to differ materially from the plans, goals,
expectations and results expressed in the forward-looking
statements and other financial and/or statistical data within this
announcement. Among the key factors that could cause actual results
to differ materially from those projected in the forward-looking
statements are uncertainties related to the following: the impact
of competition from illicit trade; the impact of adverse domestic
or international legislation and regulation; changes in domestic or
international tax laws and rates and the impact of an unfavourable
ruling by a tax authority in a disputed area; adverse litigation
and dispute outcomes and the effect of such outcomes on the Group's
financial condition; changes or differences in domestic or
international economic or political conditions; the impact of the
COVID-19 pandemic; adverse decisions by domestic or international
regulatory bodies; the impact of market size reduction and consumer
down-trading; translational and transactional foreign exchange rate
exposure; the impact of serious injury, illness or death in the
workplace; the ability to maintain credit ratings and to fund the
business under the current capital structure; the inability to
develop, commercialise and rollout New Categories; and changes in
the market position, businesses, financial condition, results of
operations or prospects of the Group.
It is believed that the expectations reflected in this
announcement are reasonable but they may be affected by a wide
range of variables that could cause actual results to differ
materially from those currently anticipated. Past performance is no
guide to future performance and persons needing advice should
consult an independent financial adviser. The forward-looking
statements reflect knowledge and information available at the date
of preparation of this announcement and the Group undertakes no
obligation to update or revise these forward-looking statements,
whether as a result of new information, future events or otherwise.
Readers are cautioned not to place undue reliance on such
forward-looking statements.
No statement in this communication is intended to be a profit
forecast and no statement in this communication should be
interpreted to mean that earnings per share of BAT for the current
or future financial years would necessarily match or exceed the
historical published earnings per share of BAT.
Additional information concerning these and other factors can be
found in the Company's filings with the U.S. Securities and
Exchange Commission ("SEC"), including the Annual Report on Form
20-F filed on 26 March 2020 and Current Reports on Form 6-K, which
may be obtained free of charge at the SEC's website,
http://www.sec.gov, and the Company's Annual Reports, which may be
obtained free of charge from the British American Tobacco website
www.bat.com.
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END
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November 09, 2020 12:00 ET (17:00 GMT)
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