British American Tobacco cancels shares after buyback

British American Tobacco p.l.c. announced a buyback of 124,038 of its ordinary shares of 25 pence each on September 22, 2025. The shares were purchased from Banco Santander, S.A. as part of a program initiated on March 18, 2024. The highest price paid per share was 4,031.00p, the lowest price was 3,959.00p, and the volume-weighted average price was 4,005.2145p.

The company intends to cancel the purchased shares. Following this cancellation, British American Tobacco will have 2,188,439,417 ordinary shares in issue (excluding treasury shares) with voting rights, and will hold 132,999,412 ordinary shares in treasury.

The transaction was executed in accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014, as applicable in the UK. The schedule of individual trades was carried out by Banco Santander, S.A. on the London Stock Exchange (LSE) platform.