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BTI - British American Tobacco p.l.c.- Close Period Share Repurchase

Release Date: 01/04/2011 08:00
Code(s): BTI
Wrap Text

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") 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 1 April 2011 up to and including 27 April 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 The Company confirms that it currently has no unpublished price sensitive information. Name of the duly authorised officer of the issuer responsible for making notification: G C W Cunnington Deputy Secretary 1 April 2011 Sponsor: UBS South Africa (Pty) Ltd Date: 01/04/2011 08:00:09 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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