BAT Buys Back Shares for £23M
Ticker: BTAFF · Form: 6-K · Filed: Dec 4, 2024 · CIK: 1303523
Sentiment: neutral
Topics: share-buyback, stock-repurchase, london-stock-exchange
TL;DR
BAT just spent £23M buying back its own stock on the LSE.
AI Summary
British American Tobacco p.l.c. announced a transaction in its own shares on December 3, 2024. The company purchased 1,000,000 ordinary shares at an average price of 2,300 pence per share, totaling approximately £23 million. These shares were bought 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 and does not indicate any significant new risks.
Key Numbers
- £23M — Share Buyback Cost (Total amount spent by British American Tobacco on repurchasing its own shares.)
- 1,000,000 — Shares Repurchased (The quantity of ordinary shares bought back by the company.)
- 2,300 pence — Average Share Price (The average price paid per ordinary share during the buyback.)
Key Players & Entities
- British American Tobacco p.l.c. (company) — Registrant
- London Stock Exchange (company) — Exchange where shares were purchased
- 2,300 pence (dollar_amount) — Average price per share
- £23 million (dollar_amount) — Total cost of share repurchase
- 1,000,000 (dollar_amount) — Number of shares purchased
- December 3, 2024 (date) — Date of share transaction
FAQ
What specific transaction did British American Tobacco p.l.c. disclose on December 3, 2024?
British American Tobacco p.l.c. disclosed a transaction in its own shares, specifically the purchase of 1,000,000 ordinary shares.
On which stock exchange were the shares purchased?
The shares were purchased on the London Stock Exchange.
What was the total amount spent on the share repurchase?
The total amount spent was approximately £23 million, based on 1,000,000 shares at an average price of 2,300 pence per share.
What was the average price paid per share?
The average price paid per share was 2,300 pence.
What form is this SEC filing and what does it typically represent?
This is a Form 6-K, which is a report of foreign private issuers and is used to furnish information that the company has made or is required to make public in its home country, file with a stock exchange, or distribute to its security holders.
Filing Stats: 198 words · 1 min read · ~1 pages · Grade level 9.4 · Accepted 2024-12-03 17:50:31
Filing Documents
- form6-k.htm (6-K) — 19KB
- ex-1.htm (EX-1) — 570KB
- ex-2.htm (EX-2) — 47KB
- 0000950157-24-001646.txt ( ) — 637KB
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/ Christopher Worlock Name: Christopher Worlock Title: Assistant Secretary Date: December 3, 2024