BuybackOct 7, 2026, 01:56 PM
British American Tobacco Initiates Share Buyback Program
AI Summary
British American Tobacco p.l.c. has announced a share buyback program, entering into an agreement with Merrill Lynch International. The program is set to commence on October 13, 2026, and conclude on December 23, 2026. The primary objective is to reduce the company's share capital, with all repurchased shares being cancelled. This initiative operates under the company's existing shareholder authority and complies with relevant market regulations.
Key Highlights
- British American Tobacco announces an agreement with Merrill Lynch for a share buyback program.
- The program will run from October 13, 2026, to December 23, 2026.
- The purpose of the program is to reduce the company's share capital, with repurchased shares to be cancelled.
- The company has shareholder authority to purchase up to 217,492,219 Shares.
- Purchases will adhere to regulatory parameters, including a maximum price based on market value and last independent trade.
Price Impact
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