Bankers Investment Trust buys back shares, updates NAV

The Bankers Investment Trust Plc announced a market purchase of 500,000 ordinary shares on August 28, 2025, at a price of 123.7615p per share, to be held in treasury. This buyback follows authority granted at the annual general meeting on February 25, 2025.

Following the transaction, the company's issued share capital remains 1,315,102,830 ordinary shares, with 288,275,576 shares (21.9%) held in treasury and having no voting rights. The total number of voting rights is now 1,026,827,254.

As of August 27, 2025, the unaudited net asset value (NAV) per share, calculated according to the AIC formula and excluding shares in treasury, was 133.8p. The NAV, including debt marked at fair value, was 137.1p. Excluding current financial year revenue items and shares held in treasury, the unaudited NAV per share was 133.1p, and with debt marked at fair value, it was 136.4p.

The company's GBP denominated unsecured loan notes' fair value is based on a discount rate using UK Gilt yields plus a credit spread, while Euro denominated unsecured loan notes use a Euro Swap yield plus a credit spread.