British American Tobacco Completes Significant Share Buyback Transaction

Strategic Insights -

As part of its ongoing capital management strategy, British American Tobacco p.l.c. (BAT) has announced the completion of a substantial share buyback transaction. This development was facilitated under the authority granted by shareholders during the Annual General Meeting on April 16, 2025. The transaction involved the repurchase of 149,917 ordinary shares from UBS AG London Branch at a volume weighted average price of 3,431.5183 pence per share, with a highest and lowest price of 3,462.00 pence and 3,407.00 pence, respectively.

Key Takeaways:

  • BAT completed a significant share buyback transaction, repurchasing 149,917 ordinary shares from UBS AG London Branch.
  • The transaction was conducted under the authority granted by shareholders during the Annual General Meeting on April 16, 2025.
  • The shares were acquired at a volume weighted average price of 3,431.5183 pence per share, with a highest and lowest price of 3,462.00 pence and 3,407.00 pence, respectively.
  • The company has disclosed its intention to cancel these purchased shares, reducing the total number of shares in issue to 2.20 billion.
  • BAT currently holds 133.01 million ordinary shares in treasury.
  • The transaction is categorized as a Big move in the company's share capital structure, according to the Johannesburg Stock Exchange (JSE).
  • The company has adhered to Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014, providing a detailed schedule of individual trades executed by UBS.
  • This regulatory compliance ensures transparency and accountability in the execution of the buyback program.
  • The buyback is part of BAT's strategic efforts to manage its capital efficiently and enhance shareholder returns.

Sources:

  • British American Tobacco p.l.c., "Share Buyback Transaction" (release date: July 3, 2025)
  • Johannesburg Stock Exchange, "Market Notice" (release date: July 3, 2025)
  • UBS AG London Branch, "Share Repurchase" (release date: July 2, 2025)