Docoh
Loading...

British American Tobacco Holdings

Exhibit 1


BRITISH AMERICAN TOBACCO p.l.c.
RESULTS OF VOTING AT THE 2020 ANNUAL GENERAL MEETING

The Annual General Meeting of British American Tobacco p.l.c. was held at Globe House, 4 Temple Place, London WC2R 2PG on 30 April 2020.

The tables below set out the results of the poll on each of the total of 20 Resolutions as stated in the Notice of Meeting dated 26 March 2020. All valid proxy votes (whether submitted electronically or in hard copy form) were included in the poll taken at the Meeting.  Each shareholder, present in person or by proxy, was entitled to one vote per ordinary share of 25p held.


Resolution 1 
Receipt of 2019 Report and Accounts 
For - Note (b)1,740,970,434
Percent of Votes Cast99.75%
Percent of Issued Share Capital75.89%
Against4,425,123
Percent of Votes Cast0.25%
Percent of Issued Share Capital0.19%
Total Votes Cast (Excl. Votes Withheld)1,745,395,557
Percent of Issued Share Capital76.08%
Votes Withheld - Note (c)4,221,144

Resolution 2 
Approval of the 2019 Directors’ Remuneration Report 
For - Note (b)1,081,334,586
Percent of Votes Cast61.94%
Percent of Issued Share Capital47.13%
Against664,416,231
Percent of Votes Cast38.06%
Percent of Issued Share Capital28.96%
Total Votes Cast (Excl. Votes Withheld)1,745,750,817
Percent of Issued Share Capital76.09%
Votes Withheld - Note (c)3,859,408

Resolution 3 
Reappointment of KPMG LLP as Auditors 
For - Note (b)1,735,990,590
Percent of Votes Cast99.72%
Percent of Issued Share Capital75.67%
Against4,868,206
Percent of Votes Cast0.28%
Percent of Issued Share Capital0.21%
Total Votes Cast (Excl. Votes Withheld)1,740,858,796
Percent of Issued Share Capital75.88%
Votes Withheld - Note (c)8,757,294

Resolution 4 
Authority for the Audit Committee to agree the Auditors’ remuneration 
For - Note (b)1,745,866,826
Percent of Votes Cast99.85%
Percent of Issued Share Capital76.10%
Against2,546,932
Percent of Votes Cast0.15%
Percent of Issued Share Capital0.11%
Total Votes Cast (Excl. Votes Withheld)1,748,413,758
Percent of Issued Share Capital76.21%
Votes Withheld - Note (c)1,202,332





Resolution 5 
Re-election of Jack Bowles as a Director 
For - Note (b)1,747,172,139
Percent of Votes Cast99.93%
Percent of Issued Share Capital76.16%
Against1,261,832
Percent of Votes Cast0.07%
Percent of Issued Share Capital0.06%
Total Votes Cast (Excl. Votes Withheld)1,748,433,971
Percent of Issued Share Capital76.21%
Votes Withheld - Note (c)1,182,312

Resolution 6 
Re-election of Richard Burrows as a Director 
For - Note (b)1,695,365,535
Percent of Votes Cast98.74%
Percent of Issued Share Capital73.90%
Against21,668,118
Percent of Votes Cast1.26%
Percent of Issued Share Capital0.94%
Total Votes Cast (Excl. Votes Withheld)1,717,033,653
Percent of Issued Share Capital74.84%
Votes Withheld - Note (c)32,578,544

Resolution 7 
Re-election of Sue Farr as a Director 
For - Note (b)1,574,164,446
Percent of Votes Cast90.04%
Percent of Issued Share Capital68.61%
Against174,151,876
Percent of Votes Cast9.96%
Percent of Issued Share Capital7.59%
Total Votes Cast (Excl. Votes Withheld)1,748,316,322
Percent of Issued Share Capital76.21%
Votes Withheld - Note (c)1,300,380

Resolution 8 
Re-election of Dr Marion Helmes as a Director 
For - Note (b)1,442,383,287
Percent of Votes Cast82.50%
Percent of Issued Share Capital62.87%
Against305,924,198
Percent of Votes Cast17.50%
Percent of Issued Share Capital13.33%
Total Votes Cast (Excl. Votes Withheld)1,748,307,485
Percent of Issued Share Capital76.21%
Votes Withheld - Note (c)1,309,217




Resolution 9 
Re-election of Luc Jobin as a Director 
For - Note (b)1,744,591,256
Percent of Votes Cast99.79%
Percent of Issued Share Capital76.04%
Against3,720,551
Percent of Votes Cast0.21%
Percent of Issued Share Capital0.16%
Total Votes Cast (Excl. Votes Withheld)1,748,311,807
Percent of Issued Share Capital76.21%
Votes Withheld - Note (c)1,304,895

Resolution 10 
Re-election of Holly Keller Koeppel as a Director 
For - Note (b)1,737,209,181
Percent of Votes Cast99.37%
Percent of Issued Share Capital75.72%
Against11,060,683
Percent of Votes Cast0.63%
Percent of Issued Share Capital0.48%
Total Votes Cast (Excl. Votes Withheld)1,748,269,864
Percent of Issued Share Capital76.20%
Votes Withheld - Note (c)1,346,837

Resolution 11 
Re-election of Savio Kwan as a Director 
For - Note (b)1,574,429,906
Percent of Votes Cast90.06%
Percent of Issued Share Capital68.63%
Against173,860,989
Percent of Votes Cast9.94%
Percent of Issued Share Capital7.58%
Total Votes Cast (Excl. Votes Withheld)1,748,290,895
Percent of Issued Share Capital76.20%
Votes Withheld - Note (c)1,325,807

Resolution 12 
Re-election of Dimitri Panayotopoulos as a Director 
For - Note (b)1,557,526,215
Percent of Votes Cast89.17%
Percent of Issued Share Capital67.89%
Against189,154,129
Percent of Votes Cast10.83%
Percent of Issued Share Capital8.24%
Total Votes Cast (Excl. Votes Withheld)1,746,680,344
Percent of Issued Share Capital76.13%
Votes Withheld - Note (c)2,936,358




Resolution 13 
Election of Jeremy Fowden as a Director 
For - Note (b)1,743,843,438
Percent of Votes Cast99.75%
Percent of Issued Share Capital76.01%
Against4,432,406
Percent of Votes Cast0.25%
Percent of Issued Share Capital0.19%
Total Votes Cast (Excl. Votes Withheld)1,748,275,844
Percent of Issued Share Capital76.20%
Votes Withheld - Note (c)1,340,858

Resolution 14 
Election of Tadeu Marroco as a Director 
For - Note (b)1,735,186,834
Percent of Votes Cast99.25%
Percent of Issued Share Capital75.63%
Against13,069,808
Percent of Votes Cast0.75%
Percent of Issued Share Capital0.57%
Total Votes Cast (Excl. Votes Withheld)1,748,256,642
Percent of Issued Share Capital76.20%
Votes Withheld - Note (c)1,360,060

Resolution 15 
Renewal of Directors’ authority to allot shares 
For - Note (b)1,265,356,664
Percent of Votes Cast72.38%
Percent of Issued Share Capital55.15%
Against482,742,343
Percent of Votes Cast27.62%
Percent of Issued Share Capital21.04%
Total Votes Cast (Excl. Votes Withheld)1,748,099,007
Percent of Issued Share Capital76.20%
Votes Withheld - Note (c)1,517,694

Resolution 16 - Note (d) 
Renewal of Directors’ authority to disapply pre-emption rights 
For - Note (b)1,468,920,343
Percent of Votes Cast84.04%
Percent of Issued Share Capital64.03%
Against278,978,193
Percent of Votes Cast15.96%
Percent of Issued Share Capital12.16%
Total Votes Cast (Excl. Votes Withheld)1,747,898,536
Percent of Issued Share Capital76.19%
Votes Withheld - Note (c)1,718,159




Resolution 17 - Note (d) 
Authority for the Company to purchase its own shares 
For - Note (b)1,701,849,997
Percent of Votes Cast97.37%
Percent of Issued Share Capital74.18%
Against46,037,064
Percent of Votes Cast2.63%
Percent of Issued Share Capital2.01%
Total Votes Cast (Excl. Votes Withheld)1,747,887,061
Percent of Issued Share Capital76.19%
Votes Withheld - Note (c)1,729,639

Resolution 18 
Approval of the British American Tobacco Restricted Share Plan 
For - Note (b)1,649,978,029
Percent of Votes Cast94.40%
Percent of Issued Share Capital71.92%
Against97,967,371
Percent of Votes Cast5.60%
Percent of Issued Share Capital4.27%
Total Votes Cast (Excl. Votes Withheld)1,747,945,400
Percent of Issued Share Capital76.19%
Votes Withheld - Note (c)1,665,229

Resolution 19 
Authority to make donationss to political organisations and to incur political expenditure
For - Note (b)1,585,976,112
Percent of Votes Cast90.74%
Percent of Issued Share Capital69.13%
Against161,774,633
Percent of Votes Cast9.26%
Percent of Issued Share Capital7.05%
Total Votes Cast (Excl. Votes Withheld)1,747,750,745
Percent of Issued Share Capital76.18%
Votes Withheld - Note (c)1,862,566

Resolution 20 - Note (d) 
Notice period for General Meetings 
For - Note (b)1,568,197,534
Percent of Votes Cast89.70%
Percent of Issued Share Capital68.35%
Against180,156,371
Percent of Votes Cast10.30%
Percent of Issued Share Capital7.85%
Total Votes Cast (Excl. Votes Withheld)1,748,353,905
Percent of Issued Share Capital76.21%
Votes Withheld - Note (c)1,262,797






Notes:

(a)The total number of ordinary shares in issue (excluding treasury shares) at the close of business on Wednesday 29 April 2020 was 2,294,203,487.

(b)Includes discretionary votes.

(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.

(d)In accordance with Listing Rules 9.6.2R and 9.6.3R, copies of the resolutions numbered 16, 17 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.


All resolutions were passed at the Company’s Annual General Meeting today with the requisite majority of votes.

Resolution 2 - Directors’ Remuneration Report

In respect of resolution 2 (Directors’ Remuneration Report), we acknowledge that a significant minority of shareholders chose not to support this resolution.

This year, as with every year, the Remuneration Committee has given careful consideration to executive remuneration. Our executive remuneration arrangements are fully in line with our Directors’ Remuneration Policy which was approved by a significant majority of our shareholders at our 2019 Annual General Meeting with 92.6% of votes in favour of the policy.

However, the views of all our shareholders are important to us and we will continue to listen to their views to better understand the specific concerns of those who voted against this resolution. Prior to today’s Annual General Meeting, we engaged with a number of our shareholders on our executive remuneration arrangements and we will continue to actively engage shareholders on this important topic during 2020.

Resolution 15 - Authority to allot shares 

We acknowledge that a number of our shareholders did not support this resolution. It remains standard market practice for many UK FTSE listed companies to retain this type of authority. As we have previously reported, the authority sought by the Company is in accordance with the UK Investment Association’s share capital management guidelines and prevailing voting guidelines of leading corporate governance agencies applicable to UK listed companies.

However, we remain aware that some institutional investors, particularly outside the UK, have specific policies against supporting this type of resolution. Following the outcome of today’s vote, we will continue our ongoing engagement with shareholders for which this authority presents concern and will keep best practice in this area under review.


P McCrory
Secretary
British American Tobacco p.l.c.

30 April 2020




Enquiries:

Investor Relations

Mike Nightingale/Victoria Buxton/William Houston/John Harney
+44 20 7845 1180/2012/1138/1263

British American Tobacco Press Office
+44 (0) 20 7845 2888 (24 hours)  | @BATPress