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British American Tobacco Announces New Block Listing and Cancels Previous Scheme

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British American Tobacco Announces New Block Listing and Cancels Previous Scheme

An update from British American Tobacco ( (GB:BATS) ) is now available.

British American Tobacco has announced a new block listing application for 1,500,000 ordinary shares to be admitted to the London Stock Exchange, expected to commence trading on 3 March 2025. This move is part of the company’s Sharesave Scheme, allowing shares to rank equally with existing ones. Concurrently, the company has cancelled a previous block listing under its Executive Share Option Scheme, as all outstanding options have been exercised, marking the closure of that scheme.

More about British American Tobacco

British American Tobacco 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 providing a range of tobacco and nicotine alternatives to meet the diverse preferences of consumers globally.

YTD Price Performance: 6.56%

Average Trading Volume: 5,253,090

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: £67.44B

Learn more about BATS stock on TipRanks’ Stock Analysis page.

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