Bankers Investment Trust buys back shares, updates NAVs

The Bankers Investment Trust PLC executed a market purchase of 500,000 ordinary shares at a price of £122.6181 per share on September 2, 2025, to be held in treasury. This buyback follows authority granted at the annual general meeting on February 25, 2025. Post-purchase, the issued share capital remains 1,315,102,830 ordinary shares of 2.5p each, with 289,275,576 (22.0%) held in treasury and without voting rights, resulting in 1,025,827,254 total voting rights.

Concurrently, the company provided its unaudited net asset values as of September 1, 2025. The net asset value per share, calculated using the AIC formula (including current financial year revenue and excluding treasury shares), was £132.6p, and £136.0p with debt marked at fair value. Excluding current financial year revenue items, the net asset value per share was £131.9p, rising to £135.3p with debt marked at fair value.

The fair value of the company's GBP and Euro-denominated unsecured loan notes is estimated using discount rates based on relevant government bond yields or swap rates plus a credit spread.