British American Tobacco extended its 2024 share buyback program by up to £1.3 billion for 2026. The company has entered an irrevocable, non-discretionary agreement with UBS AG London Branch to execute the next tranche, expected to run from January 2 to February 11, 2026, during the company’s closed period.
UBS will act independently in making trading decisions. All repurchased shares will be cancelled to reduce the company’s share capital, with purchases carried out under existing shareholder authority and in line with UK market regulations.