Bankers Investment Trust updates NAVs, repurchases shares

The Bankers Investment Trust PLC reported its unaudited net asset values as of 2 September 2025. The AIC formula (including revenue and excluding treasury shares) net asset value per share was 133.0p, with the debt-marked fair value at 136.4p. Excluding current financial year revenue items and treasury shares, the net asset value per share was 132.4p, with the debt-marked fair value at 135.7p. The fair value of the company's GBP loan notes is based on a UK Gilt yield plus a credit spread, while Euro loan notes use a Euro Swap yield plus a credit spread.

The company also announced a market purchase of 500,000 ordinary shares of 2.5p each on 3 September 2025 at a price of 123.2517p per share, to be held in treasury. This buyback was executed under the authority granted at the annual general meeting on 25 February 2025.

Following the purchase, the issued share capital remains 1,315,102,830 ordinary shares of 2.5p each, with 289,775,576 shares (22.0%) held in treasury and carrying no voting rights. Consequently, the total number of voting rights on a poll for The Bankers Investment Trust PLC is now 1,025,327,254.