Bankers Investment Trust buys back shares, updates NAVs

The Bankers Investment Trust Plc announced a market purchase of 750,000 of its own ordinary shares of 2.5p each on 8 September 2025, at a price of 124.4327p per share. These shares will be held in treasury. Following this transaction, the company's issued share capital remains 1,315,102,830 ordinary shares, with 291,775,576 shares (22.2%) held in treasury and possessing no voting rights. The total number of voting rights in the company now stands at 1,023,327,254.

As of close of business on 5 September 2025, the unaudited net asset value (NAV) per share was 133.5p (including current financial year revenue items and excluding treasury shares); with debt marked at fair value, the NAV was 136.9p. Excluding current financial year revenue items and treasury shares, the NAV per share was 132.8p, and with debt marked at fair value, it was 136.2p.

The fair value of the company’s £-denominated unsecured loan notes is based on a discount rate using the yield of a UK Gilt plus a credit spread. Similarly, the fair value of its €-denominated unsecured loan notes is calculated using the yield of a Euro Swap of similar maturity plus a credit spread.