Summary by Futu AI
On December 4, 2024, British American Tobacco (BAT) announced a transaction involving its own shares. This was disclosed in a press release titled "Transaction in own shares". The announcement was part of a report filed under Form 6-K with the United States Securities and Exchange Commission.The transaction reflects BAT's ongoing strategy to manage its capital structure effectively. Such buybacks are often aimed at enhancing shareholder value by reducing the number of outstanding shares, potentially increasing earnings per share (EPS).The report was signed by Nancy Jiang, Senior Assistant Company Secretary, indicating the company's commitment to transparency and regulatory compliance. Further details on the transaction specifics were not disclosed in the announcement.