British American Tobacco continues share buyback program with latest cancellation

British American Tobacco p.l.c. announced on October 8, 2025, that it purchased 182,086 of its ordinary shares of 25 pence each on October 7, 2025. This transaction was part of a buyback program initiated on March 18, 2024, authorized by shareholders at the company's annual general meeting on April 16, 2025. The shares were acquired from Banco Santander, S.A.

The highest price paid per share for this particular transaction was 3,889.00p, while the lowest price was 3,813.00p. The volume weighted average price paid per share amounted to 3,844.3362p. British American Tobacco intends to cancel all the purchased shares, a move that typically aims to enhance shareholder value by reducing the number of shares in circulation.

Following the purchase and subsequent cancellation, British American Tobacco will have 2,186,823,998 ordinary shares in issue, excluding shares held in treasury. The company will also hold 132,998,647 shares in treasury. This information is provided to assist shareholders in determining their notification requirements under the FCA's Disclosure Guidance and Transparency Rules. The individual trades by Banco Santander, S.A. on October 7, 2025, were detailed in accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 as it applies in the UK.