BAT Buys Back Shares
Ticker: BTAFF · Form: 6-K · Filed: Oct 22, 2024 · CIK: 1303523
Sentiment: neutral
Topics: share-repurchase, buyback, company-update
TL;DR
BAT just bought back 1M shares for ~£23M. Buyback continues.
AI Summary
British American Tobacco p.l.c. announced a transaction in its own shares on October 22, 2024. The company purchased 1,000,000 ordinary shares at an average price of 2,277.00 pence per share, totaling approximately £22.77 million. This action is part of their ongoing share repurchase program.
Why It Matters
The company's repurchase of its own shares can signal management's confidence in the company's valuation and potentially boost earnings per share.
Risk Assessment
Risk Level: low — This filing is a routine update on share repurchases and does not contain significant new financial or strategic information.
Key Numbers
- 1,000,000 — Shares Repurchased (Represents the volume of shares bought back by the company.)
- £22.77 million — Total Cost of Repurchase (The aggregate amount spent by British American Tobacco on share buybacks.)
Key Players & Entities
- British American Tobacco p.l.c. (company) — Filer of the report
- October 22, 2024 (date) — Date of the press release and transaction
- 1,000,000 (dollar_amount) — Number of ordinary shares purchased
- 2,277.00 pence (dollar_amount) — Average price per share
- £22.77 million (dollar_amount) — Total value of shares purchased
FAQ
What was the total number of ordinary shares purchased by British American Tobacco p.l.c. on October 22, 2024?
British American Tobacco p.l.c. purchased 1,000,000 ordinary shares.
What was the average price paid per share for the repurchased shares?
The average price paid per share was 2,277.00 pence.
What was the total approximate cost of the share repurchase transaction?
The total approximate cost of the transaction was £22.77 million.
What is the title of the press release filed as an exhibit?
The press release is titled 'Transaction in own shares'.
What is the filing date of this Form 6-K report?
This Form 6-K report was filed on October 22, 2024.
Filing Stats: 181 words · 1 min read · ~1 pages · Grade level 9.6 · Accepted 2024-10-22 08:39:36
Filing Documents
- form6-k.htm (6-K) — 18KB
- ex-1.htm (EX-1) — 483KB
- 0000950157-24-001430.txt ( ) — 501KB
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 22, 2024