British American Tobacco Announces Share Buyback and Cancellation

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

British American Tobacco has repurchased 91,170 of its ordinary shares as part of its buyback programme, with the highest price reaching 2,727 pence per share. This move is aimed at reducing the number of shares in circulation by cancelling them, potentially enhancing shareholder value and impacting the company’s stock market performance. Interested investors should note the updated number of shares in issue and treasury, which could influence their investment decisions.

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