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British American Tobacco ( (GB:BATS) ) has issued an announcement.
British American Tobacco p.l.c. announced the purchase of 67,135 of its own shares as part of a buyback program authorized during its April 2024 Annual General Meeting. The company intends to cancel these shares, which will reduce the total shares in circulation to 2,210,366,800. This move is part of the company’s broader strategy to manage its capital structure and may impact shareholder voting rights, necessitating updates in their interest notifications in accordance with FCA guidelines.
More about British American Tobacco
British American Tobacco p.l.c. operates in the tobacco industry, focusing on the production and sale of cigarettes and other nicotine products. The company targets a global market, aiming to satisfy diverse consumer preferences with a range of products.
YTD Price Performance: 39.31%
Average Trading Volume: 3,883,907
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £65.76B
See more insights into BATS stock on TipRanks’ Stock Analysis page.
