British American Tobacco repurchases shares as buyback programme continues

British American Tobacco p.l.c. (BAT) announced the purchase of 145,000 of its ordinary shares, each with a nominal value of 25 pence, on December 17, 2025. This transaction is part of a buyback programme initiated on March 18, 2024. The shares were acquired from Goldman Sachs International at a volume weighted average price of 4,293.70p per share, with individual trade prices ranging from a high of 4,315.00p to a low of 4,273.00p.

The company intends to cancel these purchased shares. Following the cancellation, BAT will have 2,180,051,736 ordinary shares in issue (excluding treasury shares) with voting rights. Additionally, the company will hold 132,988,352 shares in treasury. This information is crucial for shareholders to assess their notification requirements under the FCA's Disclosure Guidance and Transparency Rules. The buyback aligns with authority granted by shareholders at BAT's Annual General Meeting on April 16, 2025.