BAT Buys Back Shares on LSE
Ticker: BTAFF · Form: 6-K · Filed: Nov 29, 2024 · CIK: 1303523
Sentiment: neutral
Topics: share-buyback, london-stock-exchange, transaction
TL;DR
BAT just bought back 1.1M shares on the LSE for ~£25.7M.
AI Summary
British American Tobacco p.l.c. announced a transaction in its own shares on November 28, 2024. The company purchased a total of 1,100,000 ordinary shares at an average price of GBP 23.40 per share. This transaction was conducted 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 repurchases, which is a common corporate action.
Key Numbers
- 1,100,000 — Shares Repurchased (Represents the total number of ordinary shares bought back by the company.)
- GBP 23.40 — Average Share Price (The average price paid per ordinary share during the buyback.)
Key Players & Entities
- British American Tobacco p.l.c. (company) — Filer
- November 28, 2024 (date) — Transaction Date
- 1,100,000 (dollar_amount) — Number of Shares Purchased
- GBP 23.40 (dollar_amount) — Average Price Per Share
- London Stock Exchange (company) — Exchange where transaction occurred
FAQ
What was the total amount spent on the share repurchase?
The total amount spent can be calculated by multiplying the number of shares (1,100,000) by the average price (GBP 23.40), resulting in approximately GBP 25,740,000.
On which stock exchange did the share repurchase occur?
The share repurchase occurred on the London Stock Exchange.
What is the filing date of this report?
This report was filed on November 29, 2024.
What type of shares were repurchased?
The filing indicates that ordinary shares were repurchased.
What is the purpose of this Form 6-K filing?
This Form 6-K filing reports materials published and made available by British American Tobacco p.l.c., specifically a press release regarding a transaction in its own shares.
Filing Stats: 180 words · 1 min read · ~1 pages · Grade level 9 · Accepted 2024-11-29 08:18:08
Filing Documents
- form6-k.htm (6-K) — 18KB
- ex-1.htm (EX-1) — 626KB
- 0000950157-24-001598.txt ( ) — 645KB
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 29, 2024