NEW YORK CITY (dpa-AFX) - British American Tobacco PLC (BTI, BATS.L, BMT.DE, BTI.JO), a British maker of tobacco and new nicotine products, said on Thursday that it has signed a deal with Goldman Sachs International to repurchase BTI shares during the period from October 16 to December 23.
The tobacco company will repurchase a maximum of 220.451 million shares. The maximum price that may be paid for a share represents 105% of the average market value of a share.
This move serves as part of the share repurchase announced on March 18, 2024, with an aim to reduce the share capital of British American Tobacco.
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