British American Tobacco announces share buyback amid major holdings shift
British American Tobacco p.l.c. has announced it will begin a share buyback program starting May 1, 2025, and concluding June 30, 2025. The buyback, executed through a non-discretionary agreement with Merrill Lynch International, aims to reduce the company's share capital, with repurchased shares to be cancelled. The maximum number of shares that may be purchased under the program is 220,451,469, in accordance with shareholder authorization and regulatory requirements. Trading decisions related to the buyback will be made independently by Merrill Lynch.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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