British American Tobacco executes share buyback program

British American Tobacco p.l.c. (JSE:BTI) announced today that it has executed a buyback of its ordinary shares, continuing its previously announced program. On May 6, 2025, the company purchased 127,236 shares at prices ranging from GBX 3,266.00 to GBX 3,322.00, with a volume-weighted average price of GBX 3,293.6257 per share. The shares were bought from Merrill Lynch International. BAT intends to cancel the repurchased shares. Following the purchase and cancellation, BAT will have 2,199,686,891 ordinary shares in issue (excluding treasury shares) and will hold 133,013,619 ordinary shares in treasury. This buyback aligns with the authority granted by shareholders at the company's Annual General Meeting on April 16, 2025, and is part of a buyback program originally announced on March 18, 2024.