Bankers Investment Trust buys back shares, updates NAV

The Bankers Investment Trust PLC announced a market purchase of 750,000 of its own ordinary shares at a price of 124.3625p per share on September 9, 2025. These shares, with a nominal value of 2.5p each, will be held in treasury. Following this transaction, the company's issued share capital remains 1,315,102,830 ordinary shares, with 292,525,576 (22.2%) held in treasury and carrying no voting rights. The total number of voting rights is now 1,022,577,254.

As of September 8, 2025, the unaudited net asset value (NAV) per share, calculated according to the AIC formula and including current financial year revenue items, was 133.9p. With debt marked at fair value, the NAV was 137.3p. Excluding current financial year revenue items and treasury shares, the NAV per share was 133.3p, rising to 136.7p when debt was marked at fair value.

The estimated fair value of the company's GBP denominated unsecured loan notes is based on a discount rate reflecting a UK Gilt yield plus a credit spread. Its Euro denominated unsecured loan notes are valued using a discount rate based on a Euro Swap yield plus a credit spread.