BAT Buys Back Shares on London Stock Exchange
Ticker: BTAFF · Form: 6-K · Filed: Nov 27, 2024 · CIK: 1303523
Sentiment: neutral
Topics: share-buyback, london-stock-exchange, transaction
TL;DR
BAT just bought back 1.1M shares on LSE for ~£26.5M.
AI Summary
On November 27, 2024, British American Tobacco p.l.c. announced a transaction in its own shares. The company purchased a total of 1,100,000 ordinary shares at an average price of £24.13 per share, with the highest price paid being £24.20 and the lowest £24.04. 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, which could be viewed positively by investors.
Risk Assessment
Risk Level: low — This filing is a routine report of share repurchases and does not contain significant new financial or strategic information.
Key Numbers
- 1,100,000 — Shares Repurchased (Indicates the volume of the company's buyback activity.)
- £24.13 — Average Share Price (Represents the average cost to the company for each share bought back.)
- £26.5M — Total Buyback Value (The aggregate amount spent by the company on repurchasing its own shares.)
Key Players & Entities
- British American Tobacco p.l.c. (company) — Filer of the report and issuer of shares
- London Stock Exchange (company) — Venue for share repurchase
- 1,100,000 (dollar_amount) — Number of ordinary shares purchased
- £24.13 (dollar_amount) — Average price per share
- £26.5M (dollar_amount) — Approximate total value of shares purchased
- November 27, 2024 (date) — Date of the share transaction
FAQ
What was the total number of ordinary shares purchased by British American Tobacco p.l.c. on November 27, 2024?
British American Tobacco p.l.c. purchased a total of 1,100,000 ordinary shares.
What was the average price paid per share for the repurchased shares?
The average price paid per share was £24.13.
On which stock exchange did the share transaction take place?
The transaction took place on the London Stock Exchange.
What is the approximate total value of the shares repurchased?
The approximate total value of the shares repurchased is £26.5 million (1,100,000 shares * £24.13 average price).
What is the filing type and date of this report?
This is a Form 6-K report filed on November 27, 2024.
Filing Stats: 181 words · 1 min read · ~1 pages · Grade level 9.6 · Accepted 2024-11-27 11:16:05
Filing Documents
- form6-k.htm (6-K) — 17KB
- ex-1.htm (EX-1) — 484KB
- 0000950157-24-001581.txt ( ) — 502KB
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 27, 2024