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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| British American Tobacco Plc | LSE:BATS | London | Ordinary Share | GB0002875804 | ORD 25P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2,360.00 | 2,362.00 | 2,363.00 | 2,389.00 | 2,360.00 | 2,377.00 | 6,741,692 | 16:35:13 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Cigarettes | 27.72B | -14.37B | -6.4241 | -3.68 | 52.82B |
From Apr 2019 to Apr 2024
By Oliver Griffin
British American Tobacco PLC (BATS.LN) on Wednesday said that its subsidiary Imperial Tobacco Canada Ltd. has been granted protection under the Companies' Creditors Arrangement Act.
Imperial Tobacco Canada filed for an initial order from the Ontario Superior Court of Justice after the Quebec Court of Appeal ruled that the tobacco industry in Canada was jointly and severally liable in a multi-billion-dollar class-action suit.
The initial order has the effect of staying all current tobacco litigation against Imperial Tobacco and other group companies in Canada, British American Tobacco said.
British American Tobacco said if Imperial Tobacco hadn't obtained court protection, it could have been liable to pay all of the damages under the Quebec Court of Appeal judgement.
The company said Imperial Tobacco will now look to resolve the judgement, as well as all other tobacco litigation in Canada under a court-supervised process while trading as normal.
Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin
(END) Dow Jones Newswires
March 13, 2019 04:06 ET (08:06 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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