British American Tobacco Executes Share Buyback Transaction

Strategic Insights -

British American Tobacco p.l.c. has completed a share buyback transaction as part of its ongoing repurchase program, acquiring 118,433 ordinary shares from Banco Santander, S.A. at a volume-weighted average price of 4,221.6678 pence. This move is aimed at managing the company's capital structure effectively and reducing the total number of shares in issue. The transaction was carried out on the London Stock Exchange (LSE) and is part of the company's broader financial strategies and regulatory compliance.

Key Takeaways:

  • British American Tobacco acquired 118,433 ordinary shares from Banco Santander, S.A. at a volume-weighted average price of 4,221.6678 pence.
  • The highest and lowest prices paid per share were 4,293.00 pence and 4,176.00 pence, respectively.
  • The share buyback is part of the company's ongoing repurchase program, with the intention of canceling the purchased shares and reducing the total number of shares in issue.
  • Post-transaction, British American Tobacco will have 2,191,440,113 ordinary shares in issue, excluding treasury shares, while holding 133,003,645 shares in treasury.
  • The transaction aligns with the company's broader financial strategies and regulatory compliance, as stated by the Johannesburg Stock Exchange (JSE).
  • Shareholders of British American Tobacco are advised to review their holdings, as changes may necessitate notifications under the FCA's Disclosure Guidance and Transparency Rules.
  • The market category for this transaction is classified as a Big move.

Statistics:

  • 118,433 ordinary shares acquired by British American Tobacco from Banco Santander, S.A.
  • Volume-weighted average price of 4,221.6678 pence.
  • Highest price paid per share: 4,293.00 pence.
  • Lowest price paid per share: 4,176.00 pence.
  • Total shares in issue (excluding treasury shares): 2,191,440,113.
  • Treasury shares held by British American Tobacco: 133,003,645.
  • Annual General Meeting held on 16 April 2025, where shareholders granted authority for the share buyback.

Sources:

  • Johannesburg Stock Exchange (JSE)
  • London Stock Exchange (LSE)
  • Banco Santander, S.A. (press release)
  • British American Tobacco (press release)
  • FCA's Disclosure Guidance and Transparency Rules (regulations)