British American Tobacco’s Strategic Share Buyback Program

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

British American Tobacco has repurchased 71,343 of its own shares as part of its ongoing buyback program, with prices ranging from 2,941p to 2,985p per share. The company plans to cancel these shares, reducing the total number of shares in circulation, which can impact shareholder voting power and overall share value. This strategic move is part of an effort to enhance shareholder value and maintain market confidence.

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