British American Tobacco (BTI) has released an update.
British American Tobacco has actively pursued its share buyback program, purchasing 300,000 of its own shares on April 2, 2024, for prices ranging between 2407.00p and 2432.00p. Post-acquisition, the company plans to cancel these shares, reducing the total number of ordinary shares in circulation and holding a significant number in treasury. This move could potentially signal a positive outlook to shareholders and impact the company’s stock market performance.
For further insights into BTI stock, check out TipRanks’ Stock Analysis page.
