British American Tobacco (BTI) has released an update.
British American Tobacco has advanced its £1.60bn share buyback program, completing the initial phase with UBS AG London and commencing the second phase with Merrill Lynch, aimed at reducing company share capital by cancelling the repurchased shares. The buybacks are part of a larger plan set to span over two years, with the current focus on the £700mn allocated for 2024. The purchases will adhere to market rules and shareholder authorizations obtained at the 2024 AGM.
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