British American Tobacco ( (GB:BATS) ) has provided an update.
British American Tobacco announced the repurchase of 112,000 of its ordinary shares as part of its ongoing buyback program. This transaction, conducted through UBS AG, reflects the company’s strategy to manage its share capital and potentially enhance shareholder value. Following this purchase, the company will have over 2.2 billion ordinary shares in issue, excluding treasury shares, which may impact shareholder interests and regulatory disclosures.
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 significant presence in various regions worldwide.
YTD Price Performance: 9.41%
Average Trading Volume: 5,556,779
Technical Sentiment Signal: Sell
Current Market Cap: £69.18B
For detailed information about BATS stock, go to TipRanks’ Stock Analysis page.