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BAT Advances Share Buyback, Plans Cancellation

British American Tobacco (GB:BATS) has released an update.

British American Tobacco PLC (BAT) has actively purchased 180,000 of its own ordinary shares as part of a buyback program initiated on March 18, 2024, following the authorization by shareholders at their Annual General Meeting. The shares were bought on June 27, 2024, for prices ranging between 2436.00p and 2492.00p, with the company planning to cancel these shares to reduce the share capital. Post-cancellation, BAT will have 2,221,474,243 shares in issue, with an additional 133,277,831 shares held in treasury.

For further insights into GB:BATS stock, check out TipRanks’ Stock Analysis page.

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