BAT Executes Share Buyback of 78,813 Shares at Average Price of 2,954p

Nov.25.2024

BAT Executes Share Buyback of 78,813 Shares at Average Price of 2,954p

BAT has completed a share buyback from Merrill Lynch International, acquiring 78,813 of its ordinary shares at an average price of 2,954.1335 pence each.

British American Tobacco (BAT) purchased 78,813 ordinary shares of 25 pence each from Merrill Lynch International under the authority granted by shareholders at the Company's Annual General Meeting on 24 April 2024, according to its Stock Exchange announcements today (25 November).

This transaction is part of the company's ongoing buyback program announced on 18 March 2024, aimed at reducing the number of shares in circulation and potentially increasing shareholder value. After the purchase, the company will hold 33,270,046 shares in treasury.

The highest price paid per share was 2,964.00p, the lowest was 2,928.00p, and the volume-weighted average price was 2,954.1335p. The purchased shares will be canceled, reducing the total number of ordinary shares in issue (excluding treasury shares) to 2,211,163,418.

Shareholders may use this information to assess disclosure obligations under the Financial Conduct Authority's (FCA) Disclosure Guidance and Transparency Rules. Further details on individual trades executed by Merrill Lynch International are provided as per Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 as applied in the UK.

References:

[1] BAT Stock Exchange announcements

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[1] BAT Malaysia Q3 2024 earnings: Vuse sales drive net profit up 14% YoY to $15.5M

[2] BAT CEO Aims for Full Smoke-Free Mainstream Business by 2035, Predicts 4.6% Annual Growth Rate for Smoke-Free Products

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