Offerings // British American Tobacco p.l.c.

BTI offering history

Every offering-related filing in British American Tobacco p.l.c.’s recent SEC record — registrations (announced capacity) kept separate from pricing documents (executed sales). Reviewed 1,000 filings back to May 13, 2019.

Last executed offering

Aug 4, 2026

424B2 — priced deal (shares or notes)

Last registration (announced)

Jul 1, 2025

F-3ASR — capacity, not a sale

Executed, last 12 months

424B pricings + 8-K 3.02 sales

Registered, last 12 months

S-1/S-3/F-series registrations

Date	Filing		What it means
Aug 4, 2026	FWP →	MARKETING	Free-writing prospectus — offering being marketed
Aug 4, 2026	FWP →	MARKETING	Free-writing prospectus — offering being marketed
Aug 4, 2026	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Aug 3, 2026	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Sep 22, 2025	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Sep 18, 2025	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Sep 18, 2025	FWP →	MARKETING	Free-writing prospectus — offering being marketed
Jul 1, 2025	F-3ASR →	REGISTERED	Automatic shelf registration — effective immediately (large filers)
Mar 13, 2025	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Mar 12, 2025	FWP →	MARKETING	Free-writing prospectus — offering being marketed
Mar 12, 2025	FWP →	MARKETING	Free-writing prospectus — offering being marketed
Mar 11, 2025	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Feb 16, 2024	FWP →	MARKETING	Free-writing prospectus — offering being marketed
Feb 16, 2024	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Feb 15, 2024	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Aug 1, 2023	FWP →	MARKETING	Free-writing prospectus — offering being marketed
Aug 1, 2023	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Jul 31, 2023	424B5 →	EXECUTED	Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)
Oct 18, 2022	FWP →	MARKETING	Free-writing prospectus — offering being marketed
Oct 18, 2022	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Oct 17, 2022	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Jul 1, 2022	F-3ASR →	REGISTERED	Automatic shelf registration — effective immediately (large filers)
Mar 23, 2022	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Mar 22, 2022	FWP →	MARKETING	Free-writing prospectus — offering being marketed
Mar 15, 2022	FWP →	MARKETING	Free-writing prospectus — offering being marketed
Mar 15, 2022	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Mar 14, 2022	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Sep 23, 2020	FWP →	MARKETING	Free-writing prospectus — offering being marketed
Sep 23, 2020	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Sep 22, 2020	424B5 →	EXECUTED	Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)
Apr 2, 2020	FWP →	MARKETING	Free-writing prospectus — offering being marketed
Mar 31, 2020	FWP →	MARKETING	Free-writing prospectus — offering being marketed
Mar 31, 2020	424B5 →	EXECUTED	Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)
Mar 30, 2020	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Sep 4, 2019	FWP →	MARKETING	Free-writing prospectus — offering being marketed
Sep 4, 2019	424B5 →	EXECUTED	Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)
Sep 3, 2019	424B5 →	EXECUTED	Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)
Jul 17, 2019	F-3ASR →	REGISTERED	Automatic shelf registration — effective immediately (large filers)

BTI offering-related filings from SEC EDGAR, newest first (capped at 40). Each links to the original document.

Two honest limits. (1) A 424B takedown can price shares or notes— EDGAR’s metadata doesn’t say which, so open the document: large investment-grade filers use these mostly for bond deals (no dilution), small-caps mostly for shares. (2) At-the-market (ATM) programs sell shares gradually and individual sales are not separately filed — the visible footprint is the enabling shelf and its 424B5; actual ATM share counts surface later in the 10-Q/10-K share count. Educational information from public filings, not investment advice.

Is a shelf active now? →Do they need money? →Red flags →Full BTI workspace →

BTI offering FAQ

When did BTI last execute an offering?

Per SEC filings, British American Tobacco p.l.c.'s most recent priced offering document is a 424B2 filed 2026-08-04. Note a 424B takedown can price shares or notes (debt) — the linked document says which.

When did BTI last announce or register an offering?

The most recent registration is a F-3ASR filed 2025-07-01. A registration is capacity to sell shares — not a sale.

Does an offering always mean dilution?

Registered direct offerings and shelf takedowns issue new shares and dilute existing holders. Resale registrations (424B3/B7) let existing holders sell and do not create new shares. Secondary sales by insiders also do not dilute. Each row here is labeled with what it is.