British American Tobacco (UK) (GB:BATS) has released an update.
British American Tobacco p.l.c. has announced the purchase of 280,000 of its own ordinary shares as a part of its share buyback program, which was initiated following approval from shareholders. The shares, bought through UBS AG, will be cancelled, reducing the number of ordinary shares in issue and affecting shareholder notification requirements under the FCA’s rules. This strategic move is aimed at enhancing shareholder value and is a common practice among listed companies.
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