🇺🇸 SECBritish American Tobacco p.l.c.Doubao · 实盘不做把握 9/10不做原因:风险收益比不佳
北京时间·🕒 发布 22:08:13·⟳ 抓取 22:08:36 +23s·⚡ 决策 10-20 22:09:28 +52s·7.0 天前
英美烟草运营总监Zafar Khan行使2021年Sharesave期权购入1,445股（约3万英镑），属例行员工持股交易披露
该6-K只是法定的PDMR交易通知：运营总监按2021年三年期Sharesave（SAYE员工储蓄购股计划）到期行权，以£20.76获发1,445股、总值约3万英镑，且发生在场外。这是薪酬/员工储蓄计划的机械性行权，既非管理层自掏腰包的公开市场增持（无内部人信心信号），也不含任何业绩、指引、经营或资本结构增量信息；金额相对BAT市值可忽略，历史上同类披露亦不产生定价反应，无交易edge。
📄 原文British American Tobacco p.l.c.↗ 原文
----- form6-k.htm ----- 6-K 1 form6-k.htm REPORT OF FOREIGN PRIVATE ISSUER UNITED STATES SECURITIES AND EXCHANGE COMMIS…
不做 British American Tobacco p.l.c.（BATS.GB）
消息量级不足：系员工Sharesave储蓄购股计划到期的机械行权（场外配发、约3万英镑、占市值可忽略），非管理层公开市场主动增持，不含任何业绩/指引/经营增量，无交易edge
不做 British American Tobacco p.l.c. (ADR)（BTI.US）
同一发行人ADR，仅承载同一无实质内容的例行内部人交易通知，无可交易催化
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
结论摘要
BAT运营总监行使员工Sharesave储蓄期权获发1,445股（约3万英镑、场外），属例行薪酬相关披露，无基本面增量、无内部人主动增持含义，不足以驱动股价，回避。
🔎 新鲜度:最早出现 2026-10-20 · 扩散 low · price-in 风险 low ↗
主要风险
- 若后续披露显示行权后立即大规模在市场抛售或伴随其他高管密集减持，需重新评估；本次仅为约3万英镑的单例行权，无此迹象
先例如何影响了这次决策
对本次决策的影响:确认直接回避：无需为约3万英镑的例行期权行权寻找交易或映射标的
方向:无需要统计的方向性先例：员工SAYE/Sharesave到期行权是按预先储蓄合同机械执行，全球烟草及大型蓝筹的同类PDMR通知普遍零异常反应，不构成可检验事件催化
涨幅量级:不适用——事件对盈利/估值无任何增量，不用先例校准幅度
形态:不适用
工具执行结果 · 成功 1 · 降级 0 · 失败 0 · 取消 0
- search_processed_events 成功 stock_tools HTTP · 15 ms
{"result": "search_processed_events:agent query=`bat 6-k notification managerial responsibilities transactions october 2026 | british american tobacco 2021 3 year sharesave scheme acquisition of shares £20.76 | british american t`；结构化索引覆盖完整 72 小时；旧记录兼容扫描近 0.0/72 小时、0 条本臂决策(完整)，返回 0 条候选。未命中只表示这些 agen
原文全文
展开原文 · 2,881 字
----- form6-k.htm -----
6-K
1
form6-k.htm
REPORT OF FOREIGN PRIVATE ISSUER
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
October 20, 2026
Commission File Number: 001-38159
BRITISH AMERICAN TOBACCO P.L.C.
(Translation of registrant’s name into English)
Globe House
4 Temple Place
London WC2R 2PG
United Kingdom
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F
☒
Form
40-F
☐
This report includes materials as exhibits
that have been published and made available by British American Tobacco p.l.c. as of October 20, 2026.
EXHIBIT INDEX
Exhibit
Description
Exhibit 1
Press Release entitled “British American Tobacco p.l.c. (“the Company”) - Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them” dated October 20, 2026.
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
British American Tobacco p.l.c.
By:
/s/ Nancy Jiang
Name:
Nancy Jiang
Title:
Senior Assistant Company Secretary
Date: October 20, 2026
----- ex99-1.htm -----
EX-99.1
2
ex99-1.htm
PRESS RELEASE
Exhibit 1
British
American Tobacco p.l.c.
(“the
Company”)
Notification
and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Zafar Khan
2
Reason for the notification
a)
Position/status
Director, Operations
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
British American Tobacco p.l.c.
b)
LEI
213800FKA5MF17RJKT63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description
of the financial instrument, type of instrument
Identification
code
Ordinary
shares of 25p each
GB0002875804
b)
Nature of the transaction
Acquisition of shares following the exercise of options held under the 2021 British American Tobacco 3 Year Sharesave Scheme.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£20.76
1445
d)
Aggregated information
- Aggregated volume
- Price
1,445
£29,998.20
e)
Date of the transaction
2026-10-19
f)
Place of the transaction
Outside a trading venue
Name of officer of issuer responsible for making notification: Nancy
Jiang
Date of notification: 20 October 2026
6-K
1
form6-k.htm
REPORT OF FOREIGN PRIVATE ISSUER
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
October 20, 2026
Commission File Number: 001-38159
BRITISH AMERICAN TOBACCO P.L.C.
(Translation of registrant’s name into English)
Globe House
4 Temple Place
London WC2R 2PG
United Kingdom
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F
☒
Form
40-F
☐
This report includes materials as exhibits
that have been published and made available by British American Tobacco p.l.c. as of October 20, 2026.
EXHIBIT INDEX
Exhibit
Description
Exhibit 1
Press Release entitled “British American Tobacco p.l.c. (“the Company”) - Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them” dated October 20, 2026.
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
British American Tobacco p.l.c.
By:
/s/ Nancy Jiang
Name:
Nancy Jiang
Title:
Senior Assistant Company Secretary
Date: October 20, 2026
----- ex99-1.htm -----
EX-99.1
2
ex99-1.htm
PRESS RELEASE
Exhibit 1
British
American Tobacco p.l.c.
(“the
Company”)
Notification
and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Zafar Khan
2
Reason for the notification
a)
Position/status
Director, Operations
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
British American Tobacco p.l.c.
b)
LEI
213800FKA5MF17RJKT63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description
of the financial instrument, type of instrument
Identification
code
Ordinary
shares of 25p each
GB0002875804
b)
Nature of the transaction
Acquisition of shares following the exercise of options held under the 2021 British American Tobacco 3 Year Sharesave Scheme.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£20.76
1445
d)
Aggregated information
- Aggregated volume
- Price
1,445
£29,998.20
e)
Date of the transaction
2026-10-19
f)
Place of the transaction
Outside a trading venue
Name of officer of issuer responsible for making notification: Nancy
Jiang
Date of notification: 20 October 2026
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