British American Tobacco buys back shares for cancellation

British American Tobacco p.l.c. announced a transaction in its own ordinary shares of 25 pence each, purchased on September 1, 2025. The company acquired 119,900 shares from Banco Santander, S.A. as part of a buyback program initiated on March 18, 2024, and intends to cancel these purchased shares. The highest price paid per share was 4,201.00p, while the lowest price was 4,142.00p. The volume-weighted average price for these transactions settled at 4,157.5121p.

Following the cancellation of these shares, British American Tobacco p.l.c. will have 2,190,130,716 ordinary shares in issue, excluding treasury shares. Additionally, the company will hold 132,999,412 ordinary shares in treasury. This adjustment in share capital is crucial for shareholders, as it impacts the total number of voting rights and helps determine notification requirements under the FCA's Disclosure Guidance and Transparency Rules.

The transactions were conducted in accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014, as applied in the UK. A detailed schedule of individual trades executed by Banco Santander, S.A. on the London Stock Exchange (LSE) on September 1, 2025, accompanied the announcement, providing transparency on pricing and timing for each purchase throughout the trading day.