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IN BRIEF: BAT enters into agreement with Merrill Lynch to run buyback

7th Oct 2026 07:50

British American Tobacco PLC - London-based cigarette and nicotine product maker - Enters into an agreement with Merrill Lynch International to purchase shares of the company from Tuesday next week to December 23. Says Merrill Lynch will make its trading decisions independently of, and uninfluenced by, the company. The Dunhill and Kent maker said it had started its GBP1.3 billion share buyback from July 30 to October 12. It had announced this new repurchase plan late in June.

Stock price in London: 3,999.00 pence

12-month change: up 5.7%

Stock price in Johannesburg: ZAR880.39

12-month change: up slightly

By Artwell Dlamini, Alliance News senior reporter South Africa

Comments and questions to [email protected]

Copyright 2026 Alliance News Ltd. All Rights Reserved.


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British American Tobacco
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