British American Tobacco Announces Share Buyback and Cancellation

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

British American Tobacco has executed a share buyback program, purchasing 105,667 ordinary shares at a weighted average price of 2,957.1 pence each. These shares will be canceled, resulting in an updated number of 2,209,052,103 ordinary shares in issue. This move is part of the company’s strategy to manage its capital efficiently and could impact shareholder notifications regarding their interests in accordance with the FCA’s Disclosure Guidance and Transparency Rules.

More about British American Tobacco

British American Tobacco is a major player in the global tobacco industry, known for its production and sale of cigarettes and other nicotine products. The company focuses on providing a range of tobacco products while also exploring alternative and potentially less harmful options for consumers.

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