REG - British Amer.Tobacco - Share Buyback Programme

British American TobaccoAnnouncement

12/02/2026 07:30

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RNS Number : 7507S  British American Tobacco PLC  12 February 2026

British American Tobacco p.l.c. (the "Company")

 

12 February 2026

 

Share Buyback Programme

 

Further to the share buyback programme announcement on 18 March 2024 ("the
Programme") and the subsequent extension of the Programme announced on 10
December 2025, the Company announces that it has entered into an agreement
with Banco, Santander SA ("Santander") to purchase ordinary shares of the
Company ("Shares") during the period commencing on 12 February 2026 and ending
at the close of business on 22 April 2026.

Santander will make its trading decisions in relation to the Company's Shares
independently of, and uninfluenced by, the Company.

The purpose of the Programme is to reduce the share capital of the Company.
The Shares repurchased will be cancelled.

Any purchases of Shares by the Company in relation to this announcement will
be undertaken within certain pre-set parameters, and in accordance with the
Company's general authority to repurchase shares granted by its shareholders
from time to time (at the Company's 2025 AGM, shareholders granted the Company
authority to purchase a maximum of 220,451,469 Shares (the "Authority")), the
Market Abuse Regulation 596/2014 and the Commission Delegated Regulation
(2016/1052), in each case as such legislation forms part of domestic law by
virtue of section 3 of the European Union (Withdrawal) Act 2018 (as amended),
and Chapter 9.6 of the Financial Conduct Authority's UK Listing Rules.

Pursuant to the Authority, the maximum price which may be paid for a Share is
an amount (exclusive of taxes and expenses) equal to the higher of:

-     105 per cent of the average market value of a Share as derived from
the LSE's Daily Official List for the five business days immediately preceding
the day on which the Share is purchased, in accordance with Listing Rule 9.6.1
of the Listing Rules published pursuant to Part 6 of the Financial Services
and Markets Act 2000 ("FSMA") (the "Listing Rules"); and

-    the higher of (i) the price of the last independent trade and (ii)
the highest current independent purchase bid on the trading venue where the
purchase is carried out, including when the shares are traded on different
trading venues, in accordance with Article 3(2) of the UK Safe Harbour
Regulation.

Enquiries:

 

Investor Relations

Victoria Buxton: | IR_team@bat.com (mailto:IR_team@bat.com)

 

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