4th Apr 2008 13:50
British American Tobacco PLC04 April 2008 TRANSACTIONS IN OWN SHARES British American Tobacco p.l.c. (the "Company") announces that it has commencedan irrevocable, non-discretionary programme to purchase ordinary shares on itsown behalf during its close period which commences on 7 April 2008 and (subjectto the appropriate authority being renewed by shareholders at the Company'sAnnual General Meeting on 30 April 2008) is scheduled to run until 6 May 2008.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 andthey will have no voting rights. The buy back programme will be managed by an independent third party, whichmakes its trading decisions in relation to the Company's securitiesindependently of, and uninfluenced by, the Company. Any acquisitions will be effected within certain pre-set parameters, and inaccordance with both the Company's general authority to repurchase shares andChapter 12 of the Listing Rules which requires that the maximum price paid belimited to no more than 105 per cent of the average middle market closing priceof the Company's shares as derived from the London Stock Exchange Daily OfficialList for the five business days immediately prior to such purchase. The Company confirms that it currently has no unpublished price sensitiveinformation. G C W Cunnington Deputy Secretary 4 April 2008 Contacts: Investor Relations: Ralph Edmondson 020 7845 1180 Press Office: David Betteridge Kate Matrunola Catherine Armstrong 020 7845 2888 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
British American Tobacco