BAT Buys Back Shares for £23.95M
Ticker: BTAFF · Form: 6-K · Filed: Oct 25, 2024 · CIK: 1303523
Sentiment: neutral
Topics: share-buyback, treasury-shares, company-news
TL;DR
BAT just spent £23.95M buying back 1M shares. Treasury stock incoming.
AI Summary
British American Tobacco p.l.c. announced on October 25, 2024, that it has purchased 1,000,000 of its own ordinary shares at an average price of £23.95 per share. The total cost of these repurchased shares was approximately £23.95 million. These shares will be held as treasury shares.
Why It Matters
Share buybacks can signal management's confidence in the company's valuation and potentially increase earnings per share by reducing the number of outstanding shares.
Risk Assessment
Risk Level: low — This is a routine share repurchase announcement, a common corporate action with limited immediate risk.
Key Numbers
- £23.95M — Share Buyback Cost (Total amount spent by British American Tobacco on repurchasing its own shares.)
- 1,000,000 — Shares Repurchased (Number of ordinary shares bought back by the company.)
Key Players & Entities
- British American Tobacco p.l.c. (company) — Registrant
- October 25, 2024 (date) — Announcement Date
- 1,000,000 (dollar_amount) — Number of shares repurchased
- £23.95 (dollar_amount) — Average price per share
- £23.95 million (dollar_amount) — Total cost of repurchase
FAQ
What is the purpose of holding the repurchased shares as treasury shares?
The filing states the shares will be held as treasury shares, which can be used for various purposes such as employee share schemes or future acquisitions, without affecting the number of shares in issue.
What was the exact date of the press release announcing the transaction?
The press release entitled 'Transaction in own shares' was dated October 25, 2024.
What is the average price paid per share in this buyback?
The average price paid per share was £23.95.
How many shares did British American Tobacco repurchase?
British American Tobacco repurchased 1,000,000 ordinary shares.
Under which SEC rule is this report filed?
This report is filed pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934.
Filing Stats: 212 words · 1 min read · ~1 pages · Grade level 10 · Accepted 2024-10-25 13:48:06
Filing Documents
- form6-k.htm (6-K) — 19KB
- ex-1.htm (EX-1) — 272KB
- ex-2.htm (EX-2) — 30KB
- 0000950157-24-001440.txt ( ) — 322KB
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 25, 2024