Bankers Investment Trust buys back shares, updates NAV

The Bankers Investment Trust PLC conducted a market purchase of 500,000 ordinary shares of 2.5p each on August 26, 2025, at a price of 123.5676p per share. These shares are to be held in treasury. Following this transaction, the company's issued share capital remains 1,315,102,830 ordinary shares of 2.5p each. Of these, 287,275,576 shares (21.8%) are held in treasury and carry no voting rights. The total number of voting rights in the company is now 1,027,827,254.

As of August 22, 2025, the unaudited net asset value (NAV) per share, including current financial year revenue items and excluding treasury shares, was 133.7p. The NAV per share including debt marked at fair value was 137.0p. Excluding current financial year revenue items and shares held in treasury, the NAV was 133.0p, and 136.3p with debt marked at fair value. The company's shares are now ex-dividend, and the dividend has been deducted from the net asset value.

The estimated fair value of the company's £ denominated unsecured loan notes is based on a discount rate using the yield of a UK Gilt, while Euro denominated unsecured loan notes are valued using a Euro Swap, both with a similar maturity plus a credit spread.