British American Tobacco plc Executes Share‑Repurchase Transactions Under Long‑Term Buyback Programme
British American Tobacco plc (BAT) announced that, in line with its long‑term share‑buyback programme originally approved by shareholders at the 2026 Annual General Meeting, the company has completed a series of share‑repurchase transactions. The repurchases were carried out between 28 September 2026 and 2 October 2026, during which BAT purchased several hundred thousand ordinary shares from Goldman Sachs International. Following acquisition, the shares were cancelled, thereby reducing the total number of shares outstanding.
Transaction Details
| Date | Shares Purchased | Purchase Price (per share) | Notes |
|---|---|---|---|
| 28 Sept 2026 | — | — | Commencement of repurchase window |
| 1 Oct 2026 | — | — | Continuation of repurchase activity |
| 2 Oct 2026 | — | — | Completion of repurchase window |
Exact daily volumes and weighted average prices are disclosed in the official filings attached to the announcement.
The buyback transactions were conducted at prices that gradually declined over the five‑day period, reflecting a modest downward movement in BAT’s share price during that time. The cancellation of the repurchased shares has resulted in a revised share‑holding structure of approximately 2.16 billion ordinary shares in issue (excluding treasury shares) and about 133 million shares held in treasury.
Regulatory Compliance
BAT disclosed the repurchase activity in accordance with the Market Abuse Regulation (MAR) and reported the transactions to the London Stock Exchange (LSE). Detailed information on each trade, including daily volumes and weighted average prices, is available in the filings attached to the announcement.
Strategic Context
The share‑repurchase activity is part of BAT’s broader capital‑management strategy, aimed at optimizing the capital structure and potentially enhancing shareholder value. While the company did not issue additional operational or financial guidance in relation to the programme, the buyback is consistent with BAT’s long‑term approach to distributing capital and supporting the share price.
Contact Information
The announcement was made through BAT’s investor‑relations channels. Shareholders seeking further information may contact BAT’s investor‑relations team via the contact details provided in the official announcement.
This article presents factual information about British American Tobacco plc’s recent share‑repurchase transactions and their context within the company’s capital‑management strategy. No additional commentary or analysis beyond the supplied data is included.
