An update from British American Tobacco ( (GB:BATS) ) is now available.
British American Tobacco announced the purchase of 111,475 of its ordinary shares as part of a buyback program authorized by shareholders. This transaction, conducted through UBS AG, is part of a strategy to manage the company’s capital structure and enhance shareholder value. The purchased shares will be canceled, reducing the total number of shares in circulation, which may impact shareholder voting rights and require notifications under regulatory rules.
More about British American Tobacco
British American Tobacco p.l.c. operates in the tobacco industry, focusing on the production and sale of cigarettes and other nicotine products. The company is a major player in the global market, with a diverse portfolio of brands and a commitment to sustainability and innovation.
YTD Price Performance: 9.79%
Average Trading Volume: 5,623,088
Technical Sentiment Signal: Sell
Current Market Cap: £69.43B
For an in-depth examination of BATS stock, go to TipRanks’ Stock Analysis page.