British American Tobacco ( (GB:BATS) ) has issued an update.
British American Tobacco p.l.c. announced a buyback of 109,855 ordinary shares as part of its ongoing share repurchase program. This move, executed through UBS AG, is intended to enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing the value of remaining shares. Following this transaction, the company will have 2,204,292,842 ordinary shares in issue and 133,255,156 shares held in treasury, impacting the company’s capital structure and potentially influencing shareholder decisions under the FCA’s Disclosure Guidance and Transparency Rules.
More about British American Tobacco
British American Tobacco p.l.c. operates in the tobacco industry, primarily focusing on the production and sale of cigarettes and other nicotine products. The company is a major player in the global tobacco market, with a significant presence in multiple countries.
YTD Price Performance: 7.19%
Average Trading Volume: 5,355,334
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £67.83B
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