British American Tobacco executes share buyback and discloses insider transactions

British American Tobacco PLC (JSE:BTI) announced that on May 7, 2025, it repurchased 126,860 of its ordinary shares at prices ranging from 3,291.00p to 3,329.00p, with a volume-weighted average price of 3,308.6193p. The buyback was executed as part of a larger program announced on March 18, 2024, and the company intends to cancel the purchased shares. Following the transaction, the company will have 2,199,563,941 ordinary shares in issue excluding treasury shares and will hold 133,013,619 ordinary shares in treasury. In a related announcement, the company also disclosed that on the same day, Executive Directors Tadeu Marroco, Soraya Benchikh, Luciano Comin, and others purchased ordinary shares through the Partnership Share Scheme, involving relatively small volumes. Lastly, James Murphy, Director, Research and Science, transferred 3,332 shares to a person closely associated, Kirsti Nordgard Murphy.