| Tue 28 Oct 2008, 9:00 | | BTI - British American Tobacco Plc - Obtains JSE Listing |
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BTI
BTI
BTI - British American Tobacco Plc - Obtains JSE Listing
British American Tobacco Plc
Incorporated in the United Kingdom and Wales
(Registration number: 03407696)
Short name: BATS
Share code: BTI
ISIN number: GB0002875804
("British American Tobacco plc" or "the company")
British American Tobacco Obtains JSE Listing
Further to the announcement made on 21 October 2008, British American Tobacco
announces that it has obtained a listing for its ordinary shares on the main
board of the JSE Limited ("JSE") in South Africa. British American Tobacco
ordinary shares will commence trading on the JSE from 9.00 a.m. SA standard time
(7.00 a.m. GMT) today, 28 October 2008.
The restructuring announced by Compagnie Financiere Richemont SA and Remgro
Limited is progressing and the interest of British American Tobacco previously
held by Richemont is now held by Reinet Investments SCA, a Luxembourg investment
company.
The next step involves the distribution of British American Tobacco shares to
investors in Reinet on or around 3 November 2008. Separately, on or around the
same date, Remgro will also distribute British American Tobacco shares to its
shareholders. Following the distributions, a holding of approximately 3 per
cent of British American Tobacco shares will be retained by Reinet. The
distributions will be followed by a rights issue by Reinet, which can be
subscribed to by using British American Tobacco shares.
Jan du Plessis, Chairman of British American Tobacco, said: "Based on
information provided by Richemont, Remgro and Reinet in their announcements, we
believe that, following the distributions, and the completion of the rights
issue in mid December, the residual Reinet shareholding in British American
Tobacco is likely to be less than 10 per cent. The dispersal of this major
block of shares will result in the Group having a more widely distributed range
of institutional and private shareholders, as well as an increase in our FTSE
100 Index weighting from 75 per cent to 100 per cent."
Enquiries
British American Tobacco Press Office
David Betteridge / Kate Matrunola / Catherine Armstrong
+44 (0) 20 7845 2888 (24 hours)
Investor Relations
Ralph Edmondson / Rachael Brierley
+44 (0) 20 7845 1180 / 1519
Sponsor
UBS South Africa (Pty) Ltd
Date: 28/10/2008 09:00:04 Produced by the JSE SENS Department.
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