British American Tobacco (BAT) has published a regulatory news announcement regarding a notification of major holdings. The notification states that Spring Mountain Investments Ltd, based in the Cayman Islands, has acquired voting rights in BAT. The notification also lists other shareholders, including LBS Limited, Seneca Investments Limited, Clarendon Hills Ltd, and Northfield Investments Limited, all based in the Cayman Islands. The threshold for voting rights was crossed on December 15, 2023, and the issuer was notified on December 18, 2023. The resulting situation is that Spring Mountain Investments Ltd now holds 10.372682% of the voting rights in BAT, with a total of 231,975,495 voting rights. This is an increase from their previous position of 10.030787% of voting rights. The notification does not provide any information on the reason for the acquisition of voting rights or any additional details about the shareholders. The notification also states that the person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking holding an interest in BAT. The notification does not provide any information on proxy voting or any additional information. The notification was completed in the Cayman Islands on December 18, 2023, by Nancy Jiang, Senior Assistant Company Secretary of BAT.