British American Tobacco Executes Share Buyback to Enhance Shareholder Value

An announcement from British American Tobacco ( (GB:BATS) ) is now available.

British American Tobacco announced the repurchase of 108,728 of its ordinary shares as part of its ongoing buyback program. This transaction, conducted with UBS AG, aims to cancel the purchased shares, thereby reducing the total number of shares in circulation and potentially increasing shareholder value. Following this transaction, the company will have 2,203,524,719 ordinary shares in issue, excluding treasury shares, which carry voting rights. This move is part of the company’s strategy to manage its capital structure and deliver value to its shareholders.

More about British American Tobacco

British American Tobacco is a leading company in the tobacco industry, primarily focused on the production and sale of cigarettes and other nicotine products. The company operates globally, with a significant market presence in various regions.

YTD Price Performance: 10.76%

Average Trading Volume: 5,318,641

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £69.74B

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