British American Tobacco p.l.c. engaged in significant capital management activities throughout October 2025, centered on an aggressive share buyback program and strategic hybrid debt refinancing.
Capital Structure & Share Buybacks: BAT continuously executed its Share Buyback Programme, acquiring substantial volumes of ordinary shares throughout the month (including transactions on Sep 30, and dates between Oct 1 and Oct 30). All repurchased shares, acquired via brokers including Goldman Sachs International and Banco Santander, S.A., are designated for cancellation, permanently reducing t
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