Bankers Investment Trust buys back shares, updates NAV

The Bankers Investment Trust Plc announced a market purchase of 352,333 ordinary shares at a price of £129.3353 per share on September 23, 2025, to be held in treasury. This action was taken under the authority granted at the annual general meeting on February 25, 2025.

Following this transaction, the company's issued share capital remains 1,315,102,830 ordinary shares of 2.5p each, with 299,627,909 shares (22.8%) held in treasury and without voting rights. The total number of voting rights on a poll is now 1,015,474,921.

As of the close of business on September 22, 2025, the unaudited net asset value per share (including current financial year revenue items and excluding treasury shares) was 137.3p, with the net asset value per share with debt marked at fair value at 140.7p. Excluding current financial year revenue items and treasury shares, the unaudited net asset value per share stood at 136.6p, and 140.0p with debt marked at fair value.

The fair value of the company's GBP denominated unsecured loan notes is calculated using the yield of a UK Gilt of similar maturity plus a credit spread, while Euro denominated unsecured loan notes are based on a Euro Swap yield of similar maturity plus a credit spread.