British American Tobacco PLC has announced that James Barrett, Director of Business Development, has acquired 654 ordinary shares of 25p each following the exercise of options held under the 2019 British American Tobacco 5 Year Sharesave Scheme. The transaction took place outside a trading venue on June 19, 2024, with a total value of £14,983.14. Nancy Jiang, an officer of the issuer, was responsible for making the notification.

This transaction reflects the company's commitment to incentivizing and rewarding its employees through share-based schemes. It also demonstrates the confidence of key managerial personnel in the long-term prospects of British American Tobacco PLC. The acquisition of shares by a person discharging managerial responsibilities is a significant event that can influence market sentiment and investor confidence in the company's future performance.

The notification provides transparency and fulfills regulatory requirements, ensuring that shareholders and the public are informed about transactions involving persons discharging managerial responsibilities and persons closely associated with them. This aligns with the company's commitment to upholding high standards of corporate governance and ethical conduct.

The details of this transaction are essential for investors, analysts, and other stakeholders to understand the actions of key individuals within the company and their potential impact on its financial position and strategic direction. The acquisition of shares by a director underlines a personal investment in the company's success and aligns the interests of management with those of shareholders, reinforcing a sense of shared ownership and accountability.

Overall, the announcement of James Barrett's acquisition of British American Tobacco PLC shares through the Sharesave Scheme provides valuable insight into the company's internal transactions and reflects a proactive approach to communicating important developments to the market and the public.