British American Tobacco buys back shares, intends to cancel

British American Tobacco (BTI) has announced the purchase of 128,370 ordinary shares at 25 pence each from UBS AG, executing part of its buyback program initially announced on March 18, 2024. The shares were acquired on April 16, 2025, with individual share prices ranging between GBP3,176.00 and GBP3,213.00, and a volume-weighted average price of GBP3,193.8767 per share. BTI intends to cancel the repurchased shares. Following the cancellation, British American Tobacco will have 2,200,946,153 ordinary shares in issue excluding treasury shares and hold 133,013,619 ordinary shares in treasury.