British American Tobacco buys back shares for cancellation

British American Tobacco plc announced on August 28, 2025, that it purchased 120,989 of its ordinary shares of 25 pence each as part of its ongoing buyback program. The shares were acquired from Banco Santander, S.A. at a volume-weighted average price of 4,215.2238 pence per share. The highest price paid was 4,251.00 pence, and the lowest price paid was 4,197.00 pence. The company intends to cancel these purchased shares.

Following this transaction and cancellation, British American Tobacco plc will have 2,190,491,975 ordinary shares in issue (excluding treasury shares) that carry voting rights. Additionally, the company will hold 132,999,412 ordinary shares in treasury. This adjustment in share capital is key information for shareholders monitoring their ownership and reporting obligations under the FCA's Disclosure Guidance and Transparency Rules.

The buyback was executed in accordance with the authority granted by shareholders at the company's annual general meeting on April 16, 2025, and adheres to Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 as it applies in the UK. A detailed schedule of individual trades carried out by Banco Santander, S.A. was provided as part of the announcement.