British American Tobacco Boosts Shareholder Value with Buyback

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

British American Tobacco has repurchased 94,547 of its own shares at an average price of 2,670.3 pence per share as part of its ongoing buyback program. This move, aimed at reducing the number of shares in circulation, could potentially enhance shareholder value by increasing the earnings per share. Post-purchase, the company’s outstanding shares now stand at over 2.2 billion, excluding those held in treasury.

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