PRESS RELEASE
12 SEPTEMBER 2019
BritishĚýAmerican TobaccoĚýhas today issued a statement in support of robust product quality standards and the need for youth access prevention measures in the United States. The statement also provides an update on our planned Pre-Market Tobacco Applications (PMTA) for our four main VUSE products in the U.S.
Kingsley Wheaton,ĚýChief Marketing Officer, British American Tobacco, said: âWe welcome the U.Sâs FoodĚýand Drug Administration (FDA) shining a spotlight on the important issue of preventing youth access to vapour products and consumer safety. We wish to work with governments and regulators worldwide to ensure clear and responsible regulatory frameworks are developed, which take account of all industry stakeholders â including consumers, regulators and the industry.
âWe have always been clear that children should not use vapour products and we have had stringent measures in place to address this issue for some time. Accordingly, we share the FDAâs concern that the marketing of some flavours could resonate with children. At the same time it is hard to overestimate the role that the responsible marketing of flavours plays in helping adult consumers move on from combustible products to alternative tobacco and nicotine products.
âAs a responsible company, we have supported measures to remove products which could be attractive to, or targeted at, children. We also have procedures in place to ensure our products are only ever marketed to adult smokers and vapers.
âWe look forward to receiving the FDAâs final guidance on flavours and our U.S. business will work with them regarding the proposed changes.
âGiven the tragic cases reported in the U.S. recently, we fully support the FDAâs efforts to ensure the safety of those consumers who use vaping liquids and devices. As the worldâs second largest vapour company, providing high quality products to more than 9 million consumers worldwide, we take our consumer safety responsibilities very seriously.
âWe have invested billions of dollars in the research and development of our potentially reduced-risk products and the ingredients and components used in these products have been scrutinised by our team of 50 toxicologists for their suitability for vaping. Consistent with this, we do not include oils containing THC or Vitamin E Acetate.
âWe are confident that our planned Pre-Market Tobacco Applications for our four main VUSE products in the U.S. will be submitted before the FDAâs deadline of May 2020 which, if approved, will enable our Reynolds business to continue selling its VUSE branded vaping products within the new U.S. regulatory framework.â
This is a release by British American Tobacco p.l.c. Associate companies are excluded. References to âBritish American Tobaccoâ, âBATâ, âweâ, âusâ and âourâ when denoting opinion refer to British American Tobacco p.l.c. (the Company, and together with its subsidiaries, the âGroupâ), and when denoting tobacco business activity refer to Group operating companies, collectively or individually as the case may be. This release contains certain forward-looking statements, made within the meaning of Section 21E of the United States Securities Exchange Act of 1934, regarding our intentions, beliefs or current expectations reflecting knowledge and information available at the time of preparation and concerning, amongst other things, prospects, growth and strategies. BAT undertakes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
These statements are often, but not always, made through the use of words or phrases such as âbelieve,â âanticipate,â âcould,â âmay,â âwould,â âshould,â âintend,â âplan,â âpotential,â âpredict,â âwill,â âestimate,â âstrategyâ and similar expressions. It is believed that the expectations reflected in this release are reasonable but they may be affected by a wide range of variables that could cause actual results to differ materially from those currently anticipated.
Will Hill
+44 (0) 20Ěý8439 2600Ěý
Investor Relations
Mike NightingaleĚý/ Rachael BrierleyĚý/ John Harney
+44 (0) 20 7845Ěý1180Ěý/Ěý1519Ěý/Ěý1263