British American Tobacco buys back shares, executives acquire stock

British American Tobacco p.l.c. announced a share buyback on September 3, 2025, purchasing 122,300 ordinary shares from Banco Santander, S.A. The shares were bought at a volume weighted average price of 4,075.8383p, with the highest price paid being 4,108.00p and the lowest 4,034.00p. The company intends to cancel these purchased shares, which will result in 2,189,886,502 ordinary shares in issue (excluding treasury shares) and 132,999,412 ordinary shares held in treasury.

Concurrently, several executive directors and persons discharging managerial responsibilities acquired ordinary shares under the Partnership Share Scheme. Tadeu Marroco, chief executive; James Barrett, director, business development; Paul McCrory, director, corporate and regulatory affairs; and Johan Vandermeulen, chief operating officer, each purchased 3 shares at £40.92136. Luciano Comin, chief marketing officer; James Murphy, director, research and science; Jerome Abelman, director, legal and general counsel; and Javed Iqbal, interim chief financial officer and director, digital and information, each purchased 4 shares at £40.92136. All executive transactions took place on September 3, 2025, on the London Stock Exchange (XLON).