British American Tobacco ( (GB:BATS) ) just unveiled an announcement.
British American Tobacco announced the repurchase of 130,448 of its ordinary shares as part of its ongoing buyback program. This transaction, authorized by shareholders, is part of the company’s strategy to manage its 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 interest notifications under regulatory guidelines.
More about British American Tobacco
British American Tobacco is a leading global company in the tobacco industry, primarily engaged in the production and sale of cigarettes and other nicotine products. The company focuses on delivering tobacco and nicotine products to a wide market, maintaining a strong presence in various regions worldwide.
YTD Price Performance: 10.44%
Average Trading Volume: 5,631,292
Technical Sentiment Signal: Strong Sell
Current Market Cap: £70.06B
Learn more about BATS stock on TipRanks’ Stock Analysis page.