BAT Buys Back Shares on LSE
Ticker: BTAFF · Form: 6-K · Filed: Nov 1, 2024 · CIK: 1303523
Sentiment: bullish
Topics: share-buyback, insider-transaction, london-stock-exchange
TL;DR
BAT just bought back 1M shares on the LSE for ~£23.4M. Bullish signal?
AI Summary
British American Tobacco p.l.c. announced a transaction in its own shares on November 1, 2024. The company purchased a total of 1,000,000 ordinary shares at an average price of 2340.00 pence per share. This transaction was executed on the London Stock Exchange.
Why It Matters
Share buybacks can signal management's confidence in the company's valuation and potentially increase earnings per share.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of share repurchase activity and does not indicate any new or significant risks.
Key Numbers
- 1,000,000 — Shares Repurchased (Indicates the volume of the buyback activity.)
- 2340.00 pence — Average Share Price (Represents the average cost per share for the buyback.)
Key Players & Entities
- British American Tobacco p.l.c. (company) — Filer
- 1,000,000 (dollar_amount) — Number of shares purchased
- 2340.00 pence (dollar_amount) — Average price per share
- November 1, 2024 (date) — Transaction date
- London Stock Exchange (company) — Exchange where transaction occurred
FAQ
What was the total value of the share repurchase?
The total value of the share repurchase was approximately £23,400,000 (1,000,000 shares * 2340.00 pence/share).
On which stock exchange did the transaction occur?
The transaction occurred on the London Stock Exchange.
What is the filing date of this report?
The filing date of this report is November 1, 2024.
What type of shares were repurchased?
Ordinary shares were repurchased.
What is the purpose of this 6-K filing?
This 6-K filing reports a transaction in own shares by British American Tobacco p.l.c., as disclosed in Exhibit 1, a press release dated November 1, 2024.
Filing Stats: 201 words · 1 min read · ~1 pages · Grade level 9.2 · Accepted 2024-11-01 10:28:35
Filing Documents
- form6-k.htm (6-K) — 19KB
- ex-1.htm (EX-1) — 610KB
- ex-2.htm (EX-2) — 2KB
- 0000950157-24-001466.txt ( ) — 631KB
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: November 1, 2024