British American Tobacco (BAT), through its RAI 401k Savings Plan, has filed an annual report with the U.S. Securities and Exchange Commission for the fiscal year ended December 31, 2023. The report, signed on June 21, 2024, by Alden H. Smith, Secretary of the RAI Employee Benefits Committee, includes audited financial statements and supplemental schedules prepared in accordance with the Employee Retirement Income Security Act of 1974 (ERISA). The financial statements, audited by Mayer Hoffman McCann P.C., present the net assets available for benefits, which increased to $1,870,670,148 at the end of 2023 from $1,833,556,769 in the previous year. The Plan's investments, valued at fair value, showed a net appreciation and included employer contributions, participant contributions, and rollovers. The Plan offers a range of investment options...Show More

British American Tobacco (BAT), through its RAI 401k Savings Plan, has filed an annual report with the U.S. Securities and Exchange Commission for the fiscal year ended December 31, 2023. The report, signed on June 21, 2024, by Alden H. Smith, Secretary of the RAI Employee Benefits Committee, includes audited financial statements and supplemental schedules prepared in accordance with the Employee Retirement Income Security Act of 1974 (ERISA). The financial statements, audited by Mayer Hoffman McCann P.C., present the net assets available for benefits, which increased to $1,870,670,148 at the end of 2023 from $1,833,556,769 in the previous year. The Plan's investments, valued at fair value, showed a net appreciation and included employer contributions, participant contributions, and rollovers. The Plan offers a range of investment options, including mutual funds, common/collective trust funds, and a BAT Stock Fund consisting of BAT American Depository Shares. The Plan is subject to ERISA provisions and is designed to be in compliance with the Internal Revenue Code, as confirmed by the IRS in its latest determination letter dated June 8, 2020. The Plan's management has evaluated subsequent events up to June 21, 2024, and found no items requiring disclosure.