Yesterday, $BTI+0.5% provided more details of its plan to sell part of its stake in ITC Ltd and use the proceeds to buy back its own shares.
They intend to sell the shares, representing up to a 3.5% stake in ITC. They will therefore continue to hold a 25.5% stake.
From this sale, the company is expected to raise over $2 billion, which they will use to buy back their own shares over the period ending December 2025, starting with GBP 700 million in 2024. So here we go!
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Great, that made me happy. I think I'll buy some more :D
Thanks for the message, I plan on buying!
Wow, this is great news. I have quite a bigger position here so I would be happy to see the price rise, although the dividend is great anyway, but this news made me happy and I will probably check the company out again, maybe even buy some. How do you feel about it? 😊