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 on September 22, 2025, at 128.9614p per share, to be held in treasury. Following this transaction, the company's issued share capital remains at 1,315,102,830 ordinary shares of 2.5p each, with 299,275,576 (22.8%) now held in treasury and without voting rights. The total number of voting rights in the company now stands at 1,015,827,254.

Concurrently, the company provided an update on its unaudited net asset values as of September 19, 2025. The NAV per share, calculated according to the AIC formula (including current financial year revenue items and excluding treasury shares), was 137.4p, with debt marked at fair value increasing it to 140.8p. Excluding current financial year revenue items and treasury shares, the NAV was 136.7p, rising to 140.1p with debt marked at fair value.

The estimated fair value of the company's GBP denominated unsecured loan notes is based on a discount rate using a UK Gilt yield plus a credit spread. Euro denominated unsecured loan notes are valued based on a Euro Swap yield plus a credit spread. A monthly factsheet as at August 31, 2025, has also been made available on the National Storage Mechanism and the company's website.