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British American Tobacco ( (GB:BATS) ) has provided an announcement.
British American Tobacco announced the repurchase of 124,484 of its ordinary shares from UBS AG as part of its ongoing buyback program. This transaction is intended to optimize the company’s capital structure and provide value to shareholders by canceling the purchased shares, thereby reducing the total number of shares in issue and potentially enhancing shareholder value.
More about British American Tobacco
British American Tobacco is a leading company in the tobacco industry, primarily engaged in the production and sale of cigarettes, tobacco, and nicotine products. The company has a significant market presence worldwide and focuses on delivering consumer satisfaction while navigating regulatory challenges.
YTD Price Performance: 7.29%
Average Trading Volume: 5,264,920
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £67.97B
See more insights into BATS stock on TipRanks’ Stock Analysis page.
