British American Tobacco PLC
01 October 2007
Close Period Share Repurchase Programme
British American Tobacco p.l.c. (the "Company") announces that it has commenced
an irrevocable, non-discretionary programme to purchase shares on its own behalf
during its close period. The programme commences on 1 October 2007 and runs up
to and including 31 October 2007. The shares repurchased will be put into
treasury, rather than being cancelled, so that they may be re-sold at a later
date. Whilst the shares are held in treasury, no dividends will be paid on them
and they will have no voting rights.
The buy back programme will be managed by an independent third party, which
makes its trading decisions in relation to the Company's securities
independently of, and uninfluenced by the Company.
Any acquisitions will be effected within certain pre-set parameters, and in
accordance with both the Company's general authority to repurchase shares and
Chapter 12 of the Listing Rules which requires that the maximum price paid to be
limited to no more than 105 per cent of the average middle market closing price
of the Company's shares for the 5 business days preceding the date of purchase.
The Company confirms that it currently has no unpublished price sensitive
information.
1st October 2007
Enquiries:
Investor Relations
Ralph Edmondson/ 020 7845 1180
Rachael Brierley 020 7845 1519
Press Office
David Betteridge/ 020 7845 2888
Kate Matrunola/
Catherine Armstrong
This information is provided by RNS
The company news service from the London Stock Exchange
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