British American Tobacco buys back shares, cancels and reallocates

British American Tobacco PLC (JSE:BTI) announced the purchase of 130,502 of its ordinary shares at an average price of GBX 3,141.6911 per share on April 11, 2025, as part of its previously announced buyback program. The shares, purchased from UBS AG, will be cancelled, further reducing the company's outstanding share count. Following the purchase and cancellation, the company will have 2,201,332,741 ordinary shares in issue, excluding 133,013,619 held as treasury shares. In a separate announcement, the company disclosed a transaction by Director of Operations, Zafar Khan, involving the transfer of 15,617 ordinary shares between personal accounts for nil consideration on the same day. All the transactions were executed outside a trading venue. These actions reflect British American Tobacco's ongoing capital allocation strategy and commitment to delivering shareholder value.