British American Tobacco (UK) (GB:BATS) has released an update.
British American Tobacco has successfully completed the initial stage of its £700 million share buyback program, purchasing 7,435,278 shares up to April 2024, with plans to cancel all acquired shares to reduce share capital. The company has now engaged Merrill Lynch on a non-discretionary basis for the second stage, set to begin in May and conclude by June 2024. This move is part of a larger £1.60 billion buyback initiative spanning into 2025.
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