BTI - British American Tobacco p.l.c. - Close period share repurchase programme
BTI
BTI
BTI - British American Tobacco p.l.c. - Close period share repurchase programme
British American Tobacco p.l.c.
Incorporated in England and Wales
(Registration number: 03407696)
Short name: BATS
Share code: BTI
ISIN number: GB0002875804
("British American Tobacco p.l.c." or "the Company")
British American Tobacco p.l.c.
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 the period commencing on 3 October 2011 up to and including 25 October
2011. 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The Company confirms that it currently has no unpublished price sensitive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.
3 October 2011
Sponsor: UBS South Africa (Pty) Ltd
Date: 03/10/2011 08:00:13 Produced by the JSE SENS Department.
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