British American Tobacco PLC
04 April 2008
TRANSACTIONS IN OWN SHARES
British American Tobacco p.l.c. (the "Company") announces that it has commenced
an irrevocable, non-discretionary programme to purchase ordinary shares on its
own behalf during its close period which commences on 7 April 2008 and (subject
to the appropriate authority being renewed by shareholders at the Company's
Annual General Meeting on 30 April 2008) is scheduled to run until 6 May 2008.
The shares repurchased will be put into treasury, rather than being cancelled.
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 be
limited to no more than 105 per cent of the average middle market closing price
of the Company's shares as derived from the London Stock Exchange Daily Official
List for the five business days immediately prior to such purchase.
The Company confirms that it currently has no unpublished price sensitive
information.
G C W Cunnington
Deputy Secretary
4 April 2008
Contacts:
Investor Relations:
Ralph Edmondson
020 7845 1180
Press Office:
David Betteridge
Kate Matrunola
Catherine Armstrong
020 7845 2888
This information is provided by RNS
The company news service from the London Stock Exchange
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