TIDMBATS
RNS Number : 0465M
British American Tobacco PLC
12 September 2019
12 September 2019
British American Tobacco p.l.c.
NOTICE OF REDEMPTION PRICE
to the holders of
B.A.T CAPITAL CORPORATION
(the "Issuer")
US$2,250,000,000 2.297% Notes due 2020
(the "Notes")
CUSIP Numbers: 05526DAQ8; U05526AE5; 05526DAR6
ISINs: US05526DAQ88; USU05526AE50; US05526DAR61
NOTICE IS HEREBY GIVEN of the redemption price (the "Redemption
Price") of all of the outstanding US$2,250,000,000 2.297% Notes due
2020 (the "Notes") issued by the Issuer, which are to be redeemed
on 16 September 2019 (the "Redemption Date") in accordance with the
Notes. Citibank, N.A., acts as authentication agent, paying agent,
transfer agent, registrar and calculation agent under the
Notes.
The Redemption Price payment will be made in accordance with
paragraph 5 (Optional Redemption) of the Notes. The Redemption
Price will be equal to US$1,002.87 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$2.10558333 per US$1,000 principal amount.
From and after the Redemption Date, the Notes will cease to bear
interest, and the only right of the registered holders of the Notes
called for redemption is to receive payment of the Redemption Price
and all accrued and unpaid interest to the Redemption Date.
All conditions of the Notes remain unchanged until redemption
and 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 Capital Corporation
12 September 2019
Enquiries:
Press Office
+44 (0)20 7845 2888 (24 hours) | @BATPress
Investor Relations
Mike Nightingale / Rachael Brierley / John Harney
+44 (0)20 7845 1180 / 1519 / 1263
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; 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; 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 roll-out
Potentially Reduced-Risk Products; 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 15 March 2019 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.
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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