Exhibit
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Description
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Exhibit 1
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Press Release entitled “AGM 2022 Chairman’s address” dated April 28, 2022.
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Exhibit 2 |
Press Release entitled “Results of Voting at the 2022 Annual General Meeting” dated April 28, 2022.
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British American Tobacco p.l.c.
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By:
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/s/ Oliver Martin
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Name: |
Oliver Martin |
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Title: |
Assistant Secretary
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Last year we generated over £2 billion in New Category revenues, ensuring we are on track to meet our 2025 target of £5 billion;
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Having increased our consumer base of non-combustible products** by 4.8 million to 18.3 million, we are on track to reach 50 million consumers of non-combustible products by 2030; and
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Since 2017, we have reduced our Scope 1 and 2 carbon emissions by over 42% as we aim for carbon neutrality across our operations by 2030 and net zero across our value chain by 2050.
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Continuing to grow the dividend;
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Maintaining our target leverage corridor of 2-3x adjusted net debt / adjusted EBITDA;
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Exploring potential bolt-on M&A opportunities; and
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Deploying share buybacks to enhance shareholder returns.
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Our consumer base of non-combustible products increased by a further 1.1 million, to 19.4 million in Q1 2022.
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In vapour, we continued to further strengthen our global value share leadership position, with overall year-to-date value share up 1 percentage point, to 35.9%, versus Full Year 2021. Vuse in
the U.S. is now value leader in 31 States, up from 26 at the end of 2021.
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In THP, glo continues to gain strong traction, driven by the success of glo Hyper, growing category volume share*** 1.1 percentage points to reach 19.2% year-to-date.
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In modern oral, Velo’s year-to-date volume share of the category is now 32.9%, as we continue to extend our leadership position in Europe.
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Resolution 3
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Approval of the 2021 Directors’ Remuneration Report (excluding Remuneration policy)
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For - Note (b)
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1,659,386,864
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Percent of Votes Cast
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95.61%
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Percent of Issued Share Capital
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72.87%
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Against
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76,194,044
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Percent of Votes Cast
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4.39%
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Percent of Issued Share Capital
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3.35%
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Total Votes Cast (Excl. Votes Withheld)
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1,735,580,908
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Percent of Issued Share Capital
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76.22%
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Votes Withheld - Note (c)
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20,978,332
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Resolution 5
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Authority for the Audit Committee to agree the Auditors’ remuneration
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For - Note (b)
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1,752,000,104
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Percent of Votes Cast
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99.86%
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Percent of Issued Share Capital
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76.94%
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Against
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2,416,691
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Percent of Votes Cast
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0.14%
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Percent of Issued Share Capital
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0.11%
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Total Votes Cast (Excl. Votes Withheld)
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1,754,416,795
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Percent of Issued Share Capital
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77.04%
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Votes Withheld - Note (c)
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2,142,446
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Resolution 6
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Re-election of Luc Jobin as a Director
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For - Note (b)
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1,635,111,037
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Percent of Votes Cast
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93.81%
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Percent of Issued Share Capital
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71.80%
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Against
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107,845,230
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Percent of Votes Cast
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6.19%
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Percent of Issued Share Capital
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4.74%
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Total Votes Cast (Excl. Votes Withheld)
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1,742,956,267
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Percent of Issued Share Capital
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76.54%
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Votes Withheld - Note (c)
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13,598,991
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Resolution 7
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Re-election of Jack Bowles as a Director
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For - Note (b)
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1,745,629,059
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Percent of Votes Cast
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99.67%
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Percent of Issued Share Capital
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76.66%
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Against
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5,800,496
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Percent of Votes Cast
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0.33%
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Percent of Issued Share Capital
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0.25%
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Total Votes Cast (Excl. Votes Withheld)
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1,751,429,555
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Percent of Issued Share Capital
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76.91%
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Votes Withheld - Note (c)
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5,126,316
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Resolution 8
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Re-election of Tadeu Marroco as a Director
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For - Note (b)
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1,741,876,460
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Percent of Votes Cast
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99.46%
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Percent of Issued Share Capital
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76.49%
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Against
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9,533,325
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Percent of Votes Cast
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0.54%
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Percent of Issued Share Capital
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0.42%
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Total Votes Cast (Excl. Votes Withheld)
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1,751,409,785
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Percent of Issued Share Capital
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76.91%
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Votes Withheld - Note (c)
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5,146,086
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Resolution 9
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Re-election of Sue Farr as a Director
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For - Note (b)
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1,742,808,702
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Percent of Votes Cast
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99.55%
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Percent of Issued Share Capital
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76.53%
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Against
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7,920,370
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Percent of Votes Cast
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0.45%
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Percent of Issued Share Capital
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0.35%
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Total Votes Cast (Excl. Votes Withheld)
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1,750,729,072
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Percent of Issued Share Capital
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76.88%
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Votes Withheld - Note (c)
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5,813,099
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Resolution 10
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Re-election of Karen Guerra as a Director
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For - Note (b)
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1,746,736,651
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Percent of Votes Cast
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99.77%
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Percent of Issued Share Capital
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76.71%
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Against
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3,983,776
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Percent of Votes Cast
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0.23%
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Percent of Issued Share Capital
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0.17%
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Total Votes Cast (Excl. Votes Withheld)
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1,750,720,427
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Percent of Issued Share Capital
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76.88%
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Votes Withheld - Note (c)
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5,831,744
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Resolution 11
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Re-election of Holly Keller Koeppel as a Director
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For - Note (b)
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1,727,189,330
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Percent of Votes Cast
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98.66%
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Percent of Issued Share Capital
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75.85%
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Against
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23,535,508
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Percent of Votes Cast
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1.34%
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Percent of Issued Share Capital
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1.03%
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Total Votes Cast (Excl. Votes Withheld)
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1,750,724,838
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Percent of Issued Share Capital
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76.88%
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Votes Withheld - Note (c)
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5,827,332
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Resolution 12
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Re-election of Savio Kwan as a Director
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For - Note (b)
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1,740,031,646
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Percent of Votes Cast
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99.39%
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Percent of Issued Share Capital
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76.41%
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Against
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10,665,766
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Percent of Votes Cast
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0.61%
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Percent of Issued Share Capital
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0.47%
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Total Votes Cast (Excl. Votes Withheld)
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1,750,697,412
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Percent of Issued Share Capital
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76.88%
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Votes Withheld - Note (c)
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5,857,015
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Resolution 13
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Re-election of Dimitri Panayotopoulos as a Director
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For - Note (b)
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1,734,888,381
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Percent of Votes Cast
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98.92%
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Percent of Issued Share Capital
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76.19%
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Against
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18,927,596
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Percent of Votes Cast
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1.08%
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Percent of Issued Share Capital
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0.83%
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Total Votes Cast (Excl. Votes Withheld)
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1,753,815,977
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Percent of Issued Share Capital
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77.02%
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Votes Withheld - Note (c)
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2,738,449
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Resolution 14
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Re-election of Darrell Thomas as a Director
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For - Note (b)
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1,746,011,207
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Percent of Votes Cast
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99.73%
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Percent of Issued Share Capital
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76.67%
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Against
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4,714,868
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Percent of Votes Cast
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0.27%
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Percent of Issued Share Capital
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0.21%
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Total Votes Cast (Excl. Votes Withheld)
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1,750,726,075
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Percent of Issued Share Capital
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76.88%
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Votes Withheld - Note (c)
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5,828,352
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Resolution 15
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Election of Kandy Anand as a Director
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For - Note (b)
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1,750,653,216
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Percent of Votes Cast
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99.82%
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Percent of Issued Share Capital
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76.88%
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Against
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3,116,919
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Percent of Votes Cast
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0.18%
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Percent of Issued Share Capital
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0.14%
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Total Votes Cast (Excl. Votes Withheld)
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1,753,770,135
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Percent of Issued Share Capital
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77.02%
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Votes Withheld - Note (c)
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2,782,292
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Resolution 16
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Authority to make donations to political organisations and to incur political expenditure
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For - Note (b)
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1,605,600,972
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Percent of Votes Cast
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92.04%
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Percent of Issued Share Capital
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70.51%
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Against
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138,899,047
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Percent of Votes Cast
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7.96%
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Percent of Issued Share Capital
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6.10%
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Total Votes Cast (Excl. Votes Withheld)
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1,744,500,019
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Percent of Issued Share Capital
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76.61%
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Votes Withheld - Note (c)
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12,052,479
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Resolution 18 – Note (d)
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Authority for the Directors to allot equity securities for cash
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For - Note (b)
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1,567,004,311
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Percent of Votes Cast
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89.80%
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Percent of Issued Share Capital
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68.81%
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Against
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177,990,173
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Percent of Votes Cast
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10.20%
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Percent of Issued Share Capital
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7.82%
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Total Votes Cast (Excl. Votes Withheld)
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1,744,994,484
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Percent of Issued Share Capital
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76.63%
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Votes Withheld - Note (c)
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11,553,837
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Resolution 19 – Note (d)
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Authority for the Company to make market purchases of ordinary shares
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For - Note (b)
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1,740,758,546
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Percent of Votes Cast
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99.24%
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Percent of Issued Share Capital
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76.44%
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Against
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13,296,537
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Percent of Votes Cast
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0.76%
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Percent of Issued Share Capital
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0.58%
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Total Votes Cast (Excl. Votes Withheld)
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1,754,055,083
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Percent of Issued Share Capital
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77.03%
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Votes Withheld - Note (c)
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2,471,852
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(a) |
The total number of ordinary shares in issue (excluding treasury shares) at the close of business on Wednesday 27 April 2022 was 2,277,160,414.
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(b) |
Includes discretionary votes.
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(c) |
A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes ‘For’ or ‘Against’ a resolution.
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(d) |
In accordance with Listing Rules 9.6.2R and 9.6.3R, copies of the resolutions numbered 18, 19 and 20 will be submitted to the National Storage Mechanism as soon as practicable and will be
available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. A copy of the resolutions may also be obtained from the Notice of Meeting which is
available on the Company’s website at www.bat.com/agm.
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