British American Tobacco Executes Share Buyback to Boost Value

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

British American Tobacco PLC announced the purchase of 70,548 of its own ordinary shares as part of a buyback program, following shareholder approval during the Annual General Meeting. This transaction, executed through Merrill Lynch International, aims to enhance shareholder value by reducing the number of shares in circulation, thereby cancelling the purchased shares and adjusting the total shares in issue to 2,210,092,277. This strategic move is part of the company’s broader financial strategy and could potentially impact shareholder interests and market perception.

More about British American Tobacco

British American Tobacco PLC is a leading company in the tobacco industry, known for its production and sale of cigarettes, tobacco, and nicotine products. The company operates on a global scale, focusing on the development of reduced-risk products to capture a significant market share in the evolving tobacco industry.

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