SCHEDULE: Dart Group Discloses 2.8% Stake in British American Tobacco

Kenneth B. Dart and Portfolio Services Ltd. report a 2.8% beneficial ownership stake in British American Tobacco p.l.c. ordinary shares.

Summary

• Portfolio Services Ltd. and Kenneth B. Dart collectively beneficially own 61,410,486 ordinary shares of British American Tobacco p.l.c.
• This ownership represents 2.8% of the total class of ordinary shares.
• Both reporting persons hold shared voting power and shared dispositive power over all 61,410,486 shares.
• Portfolio Services Ltd. is a holding company whose subsidiaries hold the reported securities, and Kenneth B. Dart is the beneficial owner of all outstanding shares of Portfolio Services Ltd.
• The securities were not acquired or held for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's performance or outlook.

Industry Context

This filing is a standard disclosure of a significant ownership stake by an investor group in a publicly traded company within the tobacco industry. It does not provide specific insights into broader industry trends or competitive landscape beyond the ownership structure.

Stakeholder Impact

• Shareholders: Identification of a significant beneficial owner, Kenneth B. Dart, holding 2.8% of ordinary shares through Portfolio Services Ltd., which may influence market perception of the company's ownership structure.

Key Dates

Keywords

British American Tobacco, BAT, Ordinary Shares, Beneficial Ownership, Schedule 13G, Portfolio Services Ltd., Kenneth B. Dart, Equity Stake