REG - British Amer.Tobacco - Closed Period Share Repurchase Programme

British American TobaccoAnnouncement

24/06/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240624:nRSX4550Ta&default-theme=true

RNS Number : 4550T  British American Tobacco PLC  24 June 2024

24 June 2024

 

British American Tobacco p.l.c. (the "Company")

 

Closed Period Share Repurchase Programme

 

Further to the share buyback programme announcement on 18 March 2024, the
Company announces that it has entered into an irrevocable, non-discretionary
agreement with, UBS AG London Branch ("UBS"), to purchase shares during the
closed period commencing on 24 June and ending on 24 July 2024, the day prior
to the release of its half year results.

UBS 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 shares repurchased will be cancelled.

Any purchases will be undertaken within certain pre-set parameters, and in
accordance with both the Company's general authority to repurchase shares
granted by its shareholders at the Company's 2024 AGM, the Market Abuse
Regulation 596/2014 and the Commission Delegated Regulation (2016/1052), in
each case as such legislation 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.

The maximum price which may be paid for a Share is an amount (exclusive of
expenses) equal to the higher of:

-      105 per cent of the average market value of a Share as derived
from the LSE's Daily Official List for the five business days immediately
preceding the day on which the Share is purchased, in accordance with Listing
Rule 12.4.1 of the Listing Rules published pursuant to Part 6 of the Financial
Services and Markets Act 2000 ("FSMA") (the "Listing Rules"); and

 

-      the higher of (i) the price of the last independent trade and (ii)
the highest current independent purchase bid on the trading venue where the
purchase is carried out, including when the shares are traded on different
trading venues, in accordance with Article 3(2) of the UK Safe Harbour
Regulation.

 

The Company confirms that it currently has no unpublished inside information.

 

Enquiries:

British American Tobacco Press Media Centre

+44 (0) 20 7845 2888 (24 hours) | @BATplc

Investor Relations

Victoria Buxton: +44 (0)20 7845 2012 | IR_team@bat.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCUARSRSUUNUAR