News Insights
British American Tobacco PLC (BAT) has announced notable developments regarding its share buyback program and its corporate governance. The company executed multiple transactions in its own shares from December 30, 2024, to January 3, 2025, purchasing a total of 395,126 ordinary shares of 25 pence each at varying prices. The highest price paid per share across these transactions reached 2,959.00 pence, while the lowest was 2,868.00 pence. Following these purchases, BAT intends to cancel the acquired shares, thereby reducing its issued share capital. Post-cancellation, there will be approximately 2.21 billion shares in issue, thereby optimizing its capital structure.
In addition to the buyback program, BAT provided an update on its voting rights and capital, confirming that as of December 31, 2024, the company had 2,209,559,098 ordinary shares with voting rights in circulation, including 133,266,206 shares held in treasury. This information aligns with compliance requirements under the FCA’s Disclosure Guidance and Transparency Rules, serving as a critical metric for shareholders monitoring their voting rights interests within the company. Overall, these actions signify BAT's commitment to shareholder value through share buybacks and maintaining transparency with its capital structure disclosures.
Show more
Register for streaming realtime charts, analysis tools, and prices.
Hot Features
Premium
