British American Tobacco plc has announced the purchase of its ordinary shares from UBS AG as part of its buyback program. The company bought 280,000 ordinary shares at prices ranging from 2252.00p to 2287.00p per share, with a volume-weighted average price of 2273.1088p. Following the purchase and cancellation of these shares, the company will have 2,231,089,954 ordinary shares in issue (excluding treasury shares) and will hold 220,278,630 ordinary shares in treasury.

The information provided may be used by shareholders to determine whether they are required to notify their interest, or a change to their interest, in the company under the FCA's Disclosure Guidance and Transparency Rules. The company also provided a schedule of individual trades carried out by UBS AG on 17 April 2024, including the number of shares purchased, transaction prices, and the time and market of each transaction.

The announcement reflects the company's ongoing efforts to manage its capital structure and return value to shareholders. This buyback program is part of British American Tobacco's strategy to optimize its capital allocation and enhance shareholder returns.