BAT Buys Back Shares for £27.9M
Ticker: BTAFF · Form: 6-K · Filed: Oct 21, 2024 · CIK: 1303523
| Field | Detail |
|---|---|
| Company | British American Tobacco P.L.C. (BTAFF) |
| Form Type | 6-K |
| Filed Date | Oct 21, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, stock-repurchase, london-stock-exchange
TL;DR
BAT just bought back 1.2M shares for £27.9M on the LSE. Buyback continues.
AI Summary
British American Tobacco p.l.c. announced on October 21, 2024, that it has purchased 1,200,000 of its own ordinary shares at prices ranging from £23.00 to £23.50 per share. The total cost of these repurchases was approximately £27.9 million. These shares were bought on the London Stock Exchange as part of its share buyback program.
Why It Matters
This share repurchase indicates the company's confidence in its valuation and can potentially increase earnings per share for remaining shareholders.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of share repurchases, which is a common corporate action.
Key Numbers
- £27.9M — Share Repurchase Cost (Total amount spent by British American Tobacco on buying back its own shares.)
- 1,200,000 — Shares Repurchased (The volume of ordinary shares bought back by the company.)
Key Players & Entities
- British American Tobacco p.l.c. (company) — Registrant
- £27.9 million (dollar_amount) — Total cost of share repurchase
- 1,200,000 (dollar_amount) — Number of shares repurchased
- October 21, 2024 (date) — Date of press release and transaction
- London Stock Exchange (company) — Exchange where shares were traded
FAQ
What was the total amount spent on the share repurchase?
The total cost of the share repurchase was approximately £27.9 million.
How many shares did British American Tobacco repurchase?
British American Tobacco repurchased 1,200,000 ordinary shares.
On which stock exchange did the share repurchase occur?
The shares were purchased on the London Stock Exchange.
What is the date of the press release regarding this transaction?
The press release is dated October 21, 2024.
What is the price range per share for the repurchased shares?
The shares were purchased at prices ranging from £23.00 to £23.50 per share.
Filing Stats: 181 words · 1 min read · ~1 pages · Grade level 9.6 · Accepted 2024-10-21 08:18:09
Filing Documents
- form6-k.htm (6-K) — 18KB
- ex-1.htm (EX-1) — 843KB
- 0000950157-24-001428.txt ( ) — 862KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. British American Tobacco p.l.c. By: /s/ Nancy Jiang Name: Nancy Jiang Title: Senior Assistant Company Secretary Date: October 21, 2024