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British American Tobacco ( (GB:BATS) ) has shared an announcement.
British American Tobacco p.l.c. announced the repurchase of 129,296 of its ordinary shares as part of a previously announced buyback program. The shares were purchased from Merrill Lynch International, with the highest price paid per share being 2,993.00 pence and the lowest at 2,956.00 pence. The company intends to cancel these shares, which will result in a total of 2,208,684,947 ordinary shares in issue, excluding those held in treasury. This transaction is part of the company’s strategic effort to enhance shareholder value and manage its capital structure more effectively.
More about British American Tobacco
British American Tobacco p.l.c. operates in the tobacco industry, focusing primarily on the production and sale of a wide range of tobacco products. The company is known for its significant market presence and extensive portfolio of cigarettes and other nicotine products.
YTD Price Performance: 2.99%
Average Trading Volume: 3,900,492
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £65.34B
Learn more about BATS stock on TipRanks’ Stock Analysis page.
