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British American Tobacco ( (BTI) ) has shared an announcement.
British American Tobacco announced the repurchase of 89,920 of its ordinary shares, as part of its ongoing buyback program. This transaction, executed through Merrill Lynch International, saw the company paying a volume weighted average price of 2,891.4534 pence per share. Following the purchase, the company plans to cancel these shares, impacting its total shares in circulation and potentially affecting shareholder voting rights.
More about British American Tobacco
British American Tobacco p.l.c. operates within the tobacco industry, primarily focusing on the production and sale of cigarettes and other nicotine products. The company positions itself as a leader in this sector with a significant market presence across various countries globally.
YTD Price Performance: 34.35%
Average Trading Volume: 4,034,643
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $79.56B
See more insights into BTI stock on TipRanks’ Stock Analysis page.
