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In the past week, British American Tobacco PLC (BAT) announced a series of share buybacks as part of its ongoing strategy to reduce the number of shares in circulation and enhance shareholder value. On January 2, 2025, BAT purchased 116,745 ordinary shares at varying prices, with a volume-weighted average price of 2,935.79 pence per share. The company plans to cancel these shares, reducing its issued share capital to 2,209,263,666 shares after the transactions. Additionally, BAT reported on its share buyback activities between December 30, 2024, and January 1, 2025, highlighting the purchase of 88,767 shares at an average price of 2,872.61 pence, further demonstrating its commitment to returning capital to shareholders.
Moreover, BAT provided an interim review of its block listing, indicating that as of December 31, 2024, its total issued share capital included 2,209,559,098 shares with voting rights, while also noting the status of its treasury shares. The company's strategic buyback program and effective management of its capital are key measures to potentially stabilize its share price and improve financial metrics. These activities reflect BAT's proactive approach in navigating market conditions while aiming to optimize shareholder returns.
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