British American Tobacco ( (GB:BATS) ) has issued an announcement.
British American Tobacco p.l.c. has executed a share buyback, purchasing 112,000 of its ordinary shares as part of a program authorized by shareholders. The shares, bought at an average price of 3,149.7854 pence, will be canceled, reducing the total number of shares in circulation and potentially enhancing shareholder value. This move aligns with the company’s strategy to optimize its capital structure and return value to shareholders.
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 is a major player in the global market, known for its wide range of tobacco brands and commitment to developing reduced-risk products.
YTD Price Performance: 8.89%
Average Trading Volume: 5,526,701
Technical Sentiment Signal: Sell
Current Market Cap: £68.86B
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