News Insights
British American Tobacco PLC (BAT) reported significant activities in its share buyback program during the end of December 2024 and beginning of January 2025. As part of a comprehensive share buyback initiative approved by shareholders in April 2024, BAT acquired a total of 116,745 shares on January 2, 2025, at a volume-weighted average price of 2,935.79 pence. The company plans to cancel these shares, reducing the number of ordinary shares in circulation to 2,209,263,666. Earlier transactions included purchases of 88,767 and 89,920 shares on December 31 and 30, 2024, respectively, indicating a consistent commitment to enhancing shareholder value through share repurchase activities.
In addition to the buyback transactions, BAT provided an update on its voting rights situation, indicating that as of December 31, 2024, it had an issued share capital comprising 2,209,559,098 ordinary shares. This includes 133,266,206 shares held in treasury. The company continues to navigate the regulatory landscape, as shareholders use this figure to determine their voting interests in accordance with the FCA's rules. These developments underscore BAT’s ongoing commitment to returning value to shareholders while managing its overall capital structure effectively.
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