British American Tobacco PLC Share Buyback- Non-Discretionary Agreement (2412B)
30 Settembre 2022 - 8:00AM
UK Regulatory
TIDMBATS
RNS Number : 2412B
British American Tobacco PLC
30 September 2022
British American Tobacco p.l.c.
30 September 2022
Share Buyback- Non-Discretionary Agreement
Further to the share buyback programme announced by British
American Tobacco p.l.c. (the "Company") on 11 February 2022 to buy
back up to GBP2 billion BAT ordinary shares (the "Programme"), the
Company today announces that it has entered into an agreement with
its broker UBS AG (the "Broker") on a non-discretionary basis, to
purchase shares during the period commencing on 3 October 2022 and
ending no later than 31 December 2022.
The Broker will make its trading decisions in relation to the
Company's securities independently of, and uninfluenced by, the
Company.
The purpose of the Programme is to reduce the share capital of
the Company. The Company intends to keep the purchased shares in
Treasury.
Any purchases of ordinary shares by the Company in relation to
this announcement will be made in accordance with certain pre-set
parameters set out in the terms of the Broker's engagement, the
Company's general authority to repurchase shares granted by its
shareholders at the Company's 2022 AGM, the Market Abuse Regulation
596/2014 as it forms part of domestic law by virtue of section 3 of
the European Union (Withdrawal) Act 2018 (as amended) and Chapter
12 of the Financial Conduct Authority's Listing Rules.
Enquiries:
Investor Relations
British American Tobacco Investor Relations
Victoria Buxton / William Houston / John Harney
+44 (0) 20 7845 / 2012 / 1138 / 1263
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