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British American Tobacco ( (GB:BATS) ) has issued an announcement.
British American Tobacco announced the repurchase of 134,079 ordinary shares at an average price of 2,904.6775 pence per share as part of its ongoing buyback program. This move is aimed at reducing the number of shares in circulation, potentially increasing the value of remaining shares and benefiting shareholders. Following the completion of this transaction, the company will have 2,208,154,745 shares outstanding, with 133,266,206 held in treasury, thereby impacting shareholders’ notifications under regulatory guidelines.
More about British American Tobacco
British American Tobacco p.l.c. is a leading company in the tobacco industry, primarily involved in the manufacturing and sale of cigarettes and other nicotine products. The company operates on a global scale, focusing on providing a wide range of tobacco and nicotine-based products.
YTD Price Performance: 0.87%
Average Trading Volume: 4,694,269
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £64.23B
Learn more about BATS stock on TipRanks’ Stock Analysis page.
