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BRITISH AMERICAN TOBACCO PLC - Close Period Share Repurchase Programme

Release Date: 02/04/2013 08:00
Code(s): BTI     PDF:  
Wrap Text
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. announces that it will commence an irrevocable, non-discretionary 
programme to purchase shares on its own behalf during the period commencing on 3 April 2013 up 
to and including 24 April 2013, therefore running through its close period which commences on 2 
April 2013 and ends on 24 April 2013.  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 preset 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The Company confirms that it currently has no unpublished price sensitive information.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 duly authorised officer of issuer responsible for making notification:   
  
G C W Cunnington 
Deputy Secretary 
British American Tobacco p.l.c. 
 
2 April 2013 
 
Sponsor: UBS South Africa (Pty) Ltd 
 

 

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