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British American Tobacco ( (GB:BATS) ) has issued an announcement.
British American Tobacco has executed a buyback program by repurchasing 123,948 of its ordinary shares, an action approved by shareholders at the previous Annual General Meeting. The repurchased shares are set to be canceled, reducing the total number of shares in circulation and potentially impacting shareholder value by increasing earnings per share. Following this transaction, the company will have over 2.2 billion shares with voting rights, indicating a strategic move to optimize its capital structure and enhance shareholder returns.
More about British American Tobacco
British American Tobacco p.l.c. is a leading company within the tobacco industry, primarily engaged in manufacturing and selling cigarettes and other tobacco-related products. The company is focused on the global market, catering to a wide array of consumers with its portfolio of popular brands.
YTD Price Performance: 11.81%
Average Trading Volume: 5,082,636
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £70.86B
For a thorough assessment of BATS stock, go to TipRanks’ Stock Analysis page.
