An announcement from British American Tobacco ( (GB:BATS) ) is now available.
British American Tobacco announced the purchase of 113,451 of its ordinary shares as part of its ongoing buyback program. The company intends to cancel these shares, which will result in a total of 2,204,514,697 ordinary shares in issue. This move is part of a strategy to enhance shareholder value and may impact the company’s market positioning by reducing the number of shares available in the market.
More about British American Tobacco
British American Tobacco p.l.c. is a leading company in the tobacco industry, primarily engaged in the production and sale of cigarettes and other nicotine products. The company focuses on maintaining a strong market presence globally, with a commitment to delivering shareholder value.
YTD Price Performance: 6.56%
Average Trading Volume: 5,253,090
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £67.44B
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