British American Tobacco cancels shares after buyback from Santander

British American Tobacco p.l.c. executed a buyback of 120,384 of its ordinary shares of 25 pence each on September 15, 2025. These shares were purchased from Banco Santander, S.A., as detailed in an announcement made on March 18, 2024, regarding the company's buyback program.

The highest price paid per share was 4,182.00p, while the lowest price recorded was 4,109.00p. The volume weighted average price for the shares acquired in this transaction stood at 4,141.7322p. The company intends to cancel all purchased shares.

Following this transaction and the subsequent cancellation, British American Tobacco p.l.c. will have 2,189,048,905 ordinary shares in issue, excluding treasury shares, which will retain voting rights. The company will also hold 132,999,412 ordinary shares in treasury. This update is crucial for shareholders to assess their notification requirements under the FCA's Disclosure Guidance and Transparency Rules. The individual trades carried out by Banco Santander, S.A. on September 15, 2025, were conducted on the LSE platform.