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British American Tobacco sets Oct. 13 buyback start

Shares repurchased under the arrangement will be cancelled, with the stated purpose of reducing British American Tobacco’s share capital.

(Moderate)

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Form Type
6-K

Rhea-AI Filing Summary

British American Tobacco p.l.c. has agreed with Merrill Lynch International to purchase the Company’s ordinary shares from October 13, 2026 through close of business on December 23, 2026. Merrill Lynch will make trading decisions independently of and uninfluenced by the Company. Shares repurchased will be cancelled, and the Programme’s purpose is to reduce the Company’s share capital.

Purchases will be made within pre-set parameters and under the general repurchase authority shareholders granted at the 2026 AGM, which permits the purchase of a maximum of 217,492,219 shares. The maximum price per share is the higher of 105% of the average market value from the LSE’s Daily Official List for the five business days before purchase and the higher of the last independent trade or highest current independent purchase bid on the trading venue. Taxes and expenses are excluded.

Maximum shares under repurchase authority 217,492,219 shares General authority granted by shareholders at the 2026 AGM
Price benchmark 105% Of the average market value derived from the LSE’s Daily Official List
Reference period 5 business days Immediately preceding the day of purchase for the average market value calculation
Purchase period begins October 13, 2026 Start of the announced share purchase period
Purchase period ends December 23, 2026 Close of business
Daily Official List financial
"average market value of a Share as derived from the LSE’s Daily Official List"
highest current independent purchase bid financial
"the highest current independent purchase bid on the trading venue"
Market Abuse Regulation regulatory
"the Market Abuse Regulation 596/2014"
Market abuse regulation consists of laws and rules designed to prevent dishonest or manipulative practices in financial markets. It aims to ensure fair and transparent trading, so investors can trust that markets operate honestly, much like rules that keep a game fair. By reducing unfair advantages, it helps protect investor confidence and promotes healthy, efficient markets.
UK Safe Harbour Regulation regulatory
"in accordance with Article 3(2) of the UK Safe Harbour Regulation"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When will BTI's announced share buybacks take place?

Purchases are scheduled to begin October 13, 2026 and continue through close of business on December 23, 2026. Merrill Lynch International will make trading decisions independently of and uninfluenced by British American Tobacco. Shares repurchased will be cancelled.

How is the maximum price for BTI's share repurchases set?

The maximum price is the higher of 105% of the average market value derived from the LSE’s Daily Official List for the five business days immediately preceding the purchase, and the higher of the last independent trade and the highest current independent purchase bid on the trading venue. Taxes and expenses are excluded.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

 

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

  

 

 

FORM 6-K 

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

 

October 7, 2026

 

Commission File Number: 001-38159 

 

 

 

BRITISH AMERICAN TOBACCO P.L.C.

(Translation of registrant’s name into English)

  

 

 

Globe House

4 Temple Place

London WC2R 2PG

United Kingdom

(Address of principal executive office)

  

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒ Form 40-F ☐

 

 

 

 
 

 

This report includes materials as exhibits that have been published and made available by British American Tobacco p.l.c. as of October 7, 2026.

 

 

EXHIBIT INDEX

 

Exhibit   Description  
     
Exhibit 1   Press Release entitled “British American Tobacco p.l.c. (“the Company”) - Share Buyback Programme” dated October 7, 2026.

 

 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

  British American Tobacco p.l.c.  
       
       
  By: /s/ Christopher Worlock
    Name: Christopher Worlock  
    Title:  Assistant Secretary  
       

 

Date: October 7, 2026

 

 

 

Exhibit 1

 

British American Tobacco p.l.c. (the “Company”)

 

7 October 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 Merrill Lynch International (“Merrill Lynch”) to purchase ordinary shares of the Company (“Shares”) during the period commencing on 13 October 2026 and ending at the close of business on 23 December 2026.

 

Merrill Lynch 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 2026 AGM, shareholders granted the Company authority to purchase a maximum of 217,492,219 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

 

 

 

Filing Exhibits & Attachments

1 document

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