BAT Buys Back Shares for £23.95M
Ticker: BTAFF · Form: 6-K · Filed: Dec 2, 2024 · CIK: 1303523
Sentiment: neutral
Topics: share-buyback, capital-return, transaction
TL;DR
BAT just bought back 1M shares for ~£24M, signaling confidence.
AI Summary
On December 2, 2024, British American Tobacco p.l.c. announced a transaction in its own shares. The company purchased 1,000,000 ordinary shares at an average price of £23.95 per share, totaling approximately £23.95 million. This transaction is part of the company's ongoing share repurchase program.
Why It Matters
This share buyback indicates the company's confidence in its valuation and its commitment to returning capital to shareholders, potentially boosting the stock price.
Risk Assessment
Risk Level: low — This is a routine share repurchase announcement, a common capital allocation strategy for mature companies.
Key Numbers
- 1,000,000 — Shares Repurchased (Represents a portion of the company's outstanding shares bought back.)
- £23.95 — Average Price Per Share (The average cost to the company for each share repurchased.)
- £23.95 million — Total Buyback Value (The aggregate amount spent by the company on share repurchases.)
Key Players & Entities
- British American Tobacco p.l.c. (company) — Filer of the report and issuer of shares
- December 2, 2024 (date) — Date of the press release and transaction
- 1,000,000 (dollar_amount) — Number of ordinary shares purchased
- £23.95 (dollar_amount) — Average price per share
- £23.95 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 December 2, 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 £23.95.
What was the total monetary value of the share repurchase transaction?
The total value of the transaction was approximately £23.95 million.
What is the purpose of this share repurchase according to the filing?
The transaction is part of the company's ongoing share repurchase program.
What is the filing date of this report?
This report was filed on December 2, 2024.
Filing Stats: 201 words · 1 min read · ~1 pages · Grade level 9.2 · Accepted 2024-12-02 13:14:04
Filing Documents
- form6-k.htm (6-K) — 19KB
- ex-1.htm (EX-1) — 598KB
- ex-2.htm (EX-2) — 2KB
- 0000950157-24-001623.txt ( ) — 621KB
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: December 2, 2024