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BAT Resolves All Canadian Tobacco Litigation

ReutersMar 7, 2025 9:07 AM

- British American Tobacco PLC BATS.L:

  • BAT: COURT-APPOINTED MEDIATOR'S AND MONITOR'S PLAN OF COMPROMISE AND ARRANGEMENT FOR ITCAN HAS BEEN SANCTIONED

  • BAT: PLAN RESOLVES ALL CANADIAN TOBACCO LITIGATION

  • BAT: SETTLEMENT WILL BE FUNDED BY ITCAN'S CASH ON HAND AND PROFITS GENERATED FROM FUTURE SALE OF TOBACCO PRODUCTS IN CANADA

  • BAT: PLAN PROVIDES FULL RELEASE TO ITCAN, BAT AND ALL RELATED ENTITIES FOR ALL CANADIAN TOBACCO CLAIMS

  • BAT: ANNOUNCEMENT DOES NOT IMPACT OUR 2025 GUIDANCE

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