British American Tobacco Executes Share Buyback Program

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

British American Tobacco has repurchased 80,872 of its ordinary shares, paying an average price of 2,921.9280 pence per share, as part of its ongoing buyback program. The company plans to cancel these shares, which will adjust the number of shares in issue to 2,211,242,231, excluding those held in treasury. This move is part of a strategy to potentially enhance shareholder value by reducing the number of shares in circulation.

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