Transaction in Own Shares

RNS Number : 6171D

British American Tobacco PLC

01 April 2014

 

British American Tobacco p.l.c.

Close Period Share Repurchase Programme

British American Tobacco p.l.c. (the "Company") announces that it will commence an irrevocable, non-discretionary programme to purchase shares on its own behalf during the close period commencing on 1 April 2014 up to and including 29 April 2014.  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 is an amount equal to 105 per cent of the average market value of the Company's shares for the five business days immediately preceding the date on which the Company's shares are purchased.

The Company confirms that it currently has no unpublished price sensitive information.

Name of duly authorised officer of issuer responsible for making notification: 

G C W Cunnington

Deputy Secretary

British American Tobacco p.l.c.

1 April 2014

Enquiries:

British American Tobacco Press Office

Will Hill/Annie Brown  

[phone]

 

END

 

 

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