British American Tobacco Plc (BTI,BATS.L), on Wednesday announced that it has entered into an agreement with Merrill Lynch International (MER) to repurchase its ordinary shares as part of its ongoing share buyback programme.
The company said the buyback will be conducted during the period from April 23 to June 29.
The company stated that Merrill Lynch will make trading decisions independently of and uninfluenced by the company.
The company said the purpose of the programme is to reduce its share capital, with all repurchased shares to be cancelled.
The company added that it will shift from daily to weekly disclosures of share repurchases in line with changes to UK Listing Rules.
British American Tobacco closed trading 2.68% lesser at GBp 4,111 on the London Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.