British American Tobacco (UK) (GB:BATS) has released an update.
British American Tobacco p.l.c. has actively repurchased over half a million of its own shares on May 2, 2024, as part of an ongoing buyback program initiated in March. The shares, bought at prices ranging from 2352.00p to 2377.00p, are set to be cancelled, which may affect the voting power of remaining shareholders. This move follows the company’s strategy to manage its capital effectively and could signal confidence in its financial stability to investors.
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