British American Tobacco buys back shares on JSE

British American Tobacco PLC (JSE:BTI) announced today it has purchased 129,740 of its ordinary shares of GBX 25 each on April 17, 2025, from UBS AG. The transaction was executed under the share buyback program announced on March 18, 2024, and authorized by shareholders at the annual general meeting held on April 16, 2025. The shares were purchased at prices ranging from GBX 3,148.00 to GBX 3,172.00, with a volume-weighted average price of GBX 3,160.1559 per share. BAT intends to cancel the purchased shares. Following cancellation, the company will have 2,200,816,413 ordinary shares in issue (excluding treasury shares) and will hold 133,013,619 ordinary shares in treasury. The share buyback was executed in accordance with the Market Abuse Regulation (EU) No 596/2014 as it applies in the UK. Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities acted as the sponsor for the transaction.