An announcement from British American Tobacco ( (BTI) ) is now available.
British American Tobacco p.l.c. announced the repurchase of 89,851 of its ordinary shares from Merrill Lynch International as part of its ongoing buyback program. The purchased shares, bought at a volume-weighted average price of 2,893.6510 pence, will be canceled, impacting the company’s share structure by reducing the number of shares in circulation. This move is part of a strategic effort to enhance shareholder value and manage the company’s capital structure, potentially affecting stakeholders by altering the shareholding percentages and voting rights.
More about British American Tobacco
British American Tobacco p.l.c. operates within the tobacco industry, focusing primarily on the production and sale of tobacco products, including cigarettes and nicotine alternatives, to a global market.
YTD Price Performance: 35.10%
Average Trading Volume: 4,184,730
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $79.61B
For a thorough assessment of BTI stock, go to TipRanks’ Stock Analysis page.