British American Tobacco: Spring Mountain Investments stake increases

Spring Mountain Investments Ltd. has notified British American Tobacco p.l.c. (BAT) of an acquisition of voting rights that occurred on March 24, 2025. The notification, dated March 26, 2025, indicates that Spring Mountain Investments now holds a total of 10.472723% of BAT's voting rights, equivalent to 230,700,705 votes. This consists of 10.129966% of the voting rights tied to BAT common stock, or 223,150,211 shares, and 0.342757% or 7,550,494 depository receipts. The company holds 7.969659% of voting rights through controlled undertakings. The previous notification indicated a holding of 10.372682%. The notification was made by Nancy Jiang, Assistant Secretary of British American Tobacco.