30.07.2007 14:36:00
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Reynolds American CEO Ivey Establishes Stock Purchase Plan
WINSTON-SALEM, N.C., July 30 /PRNewswire-FirstCall/ -- Susan M. Ivey, chairman and chief executive officer of Reynolds American Inc. , has established a stock-purchase plan under Rule 10b5-1 of the Securities and Exchange Act of 1934.
Under the plan, Ivey will acquire approximately 5,000 shares of RAI stock on Sept. 7, 2007, and an additional 7,500 shares on March 14, 2008. Ivey will use proceeds from the vesting of grants awarded to her under the company's Long-Term Incentive Plan to fund the stock purchases. These purchases will ensure Ivey's continued compliance with the company's stock ownership guidelines for its officers.
Rule 10b5-1 plans permit individuals who are not in possession of material nonpublic information to establish prearranged plans to buy or sell company stock. The rule allows individuals adopting such plans to buy or sell shares over a specified period of time or at a specific price in the future, regardless of any subsequent material nonpublic information they receive.
ABOUT US
Reynolds American Inc. is the parent company of R.J. Reynolds Tobacco Company; Conwood Company, LLC; Santa Fe Natural Tobacco Company, Inc; and R.J. Reynolds Global Products, Inc.
-- R.J. Reynolds Tobacco Company, the second-largest U.S. tobacco company, manufactures about one of every three cigarettes sold in the country. The company's brands include six of the 10 best-selling U.S. brands: Camel, Kool, Pall Mall, Winston, Salem and Doral. -- Conwood Company, LLC is the nation's second-largest manufacturer of smokeless tobacco products. Its leading brands are Kodiak, Grizzly and Levi Garrett. Conwood also sells and distributes a variety of tobacco products manufactured by Lane, Limited, including Winchester and Captain Black little cigars, and Bugler roll-your-own tobacco. -- Santa Fe Natural Tobacco Company, Inc. manufactures Natural American Spirit cigarettes and other additive-free tobacco products. -- R.J. Reynolds Global Products, Inc. manufactures, sells and distributes American-blend cigarettes and other tobacco products to a variety of customers worldwide.
Copies of RAI's news releases, annual reports, SEC filings and other financial materials are available at http://www.reynoldsamerican.com/.
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