| Wed 7 Jul 2010, 14:20 | | BTI - British American Tobacco p.l.c - Tender Offer by BNP Paribas for British |
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BTI
BTI
BTI - British American Tobacco p.l.c - Tender Offer by BNP Paribas for British
American Tobacco Holdings (The Netherlands) B.V.`s Notes
British American Tobacco p.l.c.
Incorporated in England and Wales
(Registration number: 03407696)
Short name: BATS
Share code: BTI
ISIN number: GB0002875804
("British American Tobacco p.l.c." or "the Company")
Tender Offer by BNP Paribas for British American Tobacco Holdings (The
Netherlands) B.V.`s Notes
NOT FOR DISTRIBUTION TO ANY U.S. PERSON OR ITALIAN PERSON OR TO ANY PERSON OR
ADDRESS IN THE UNITED STATES OR ITALY
On 25 June 2010, BNP Paribas announced the results of its offer (the "Offer") to
purchase for cash any and all of the outstanding Euro1,000,000,000 4.375 per
cent Notes due 2011 (ISIN: XS0189727869) (the "Existing Notes") issued by
British American Tobacco Holdings (The Netherlands) B.V. (the "Company") and
guaranteed by British American Tobacco p.l.c., B.A.T Capital Corporation and
B.A.T. International Finance p.l.c. As of the expiry of the Offer, an aggregate
nominal amount of Euro469,738,000 Existing Notes were validly tendered and
accepted for purchase by BNP Paribas.
On 7 July 2010, the Company issued Euro600,000,000 4.00 per cent. Guaranteed
Notes due 2020 (the "New Notes"). The New Notes are guaranteed by British
American Tobacco p.l.c., B.A.T Capital Corporation and B.A.T. International
Finance p.l.c.
Part consideration for the New Notes took the form of the Existing Notes
purchased by BNP Paribas in the Offer. The Existing Notes purchased by BNP
Paribas, being an amount of Euro469,738,000 of the outstanding principal amount
of the Existing Notes, have now been cancelled by the Company.
BNP Paribas acted as Dealer Manager for the Offer. Lucid Issuer Services Limited
acted as Tender Agent for the Offer.
BNP Paribas, Deutsche Bank AG, London Branch, HSBC Bank plc, J.P. Morgan
Securities Ltd., Lloyds TSB Bank plc, Banco Bilbao Vizcaya Argentaria, S.A.,
Barclays Bank PLC and Commerzbank Aktiengesellschaft acted as Managers for the
New Notes.
To view the Final Terms relating to the New Notes, please paste the following
URL into the address bar of your browser.
http://www.rns-pdf.londonstockexchange.com/rns/9757O_-2010-7-7.pdf
The New Notes are issued pursuant to the base prospectus dated 1 December 2009
(as supplemented by the supplemental prospectuses dated 2 March 2010 and 7 May
2010) (the "Prospectus") in connection with the U.S.$16,000,000,000 Euro Medium
Term Note Programme of B.A.T. International Finance p.l.c., B.A.T Capital
Corporation and British American Tobacco Holdings (The Netherlands) B.V. (as
Issuers) and British American Tobacco p.l.c. and each of the Issuers (except
where it is the relevant Issuer) (as Guarantors).
The Final Terms for the New Notes contain the final terms of the relevant New
Notes. The Final Terms must be read in conjunction with the Prospectus, which
constitu+tes a base prospectus for the purposes of the Prospectus Directive
(Directive 2003/71/EC).
The Final Terms are also available for viewing at the Document Viewing Facility
of the UK Listing Authority at 25 The North Colonnade, Canary Wharf, London E14
5HS.
Enquiries
British American Tobacco Press Office
Kate Matrunola/Cat Armstrong/Christina Dona
+44 20 7845 2888
Investor Relations
Ralph Edmondson/Maya Farhat
+44 (0) 20 7845 1180/1977
British American Tobacco p.l.c.
Globe House
4 Temple Place
London WC2R 2PG
DISCLAIMER - INTENDED ADDRESSEES
Please note that the information contained in the Prospectus may be addressed to
and/or targeted at persons who are residents of particular countries (specified
in the Prospectus) only and is not intended for use and should not be relied
upon by any person outside these countries and/or to whom the offer contained in
the Prospectus is not addressed. Prior to relying on the information contained
in the Prospectus, you must ascertain from the Prospectus whether or not you are
one of the intended addressees of the information contained therein.
Your right to access this service is conditional upon complying with the above
requirement.
7 July 2010
Sponsor: UBS South Africa (Pty) Ltd
Date: 07/07/2010 14:20:01 Produced by the JSE SENS Department.
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