Bankers Investment Trust updates NAV, announces share buyback

As of October 1, 2025, The Bankers Investment Trust Plc reported its unaudited net asset value (NAV) per share at 137.8p, calculated using the AIC formula, and 141.1p when debt was marked at fair value. Excluding current financial year revenue items, the NAV was 136.9p, or 140.3p with debt marked at fair value. The company's GBP and Euro denominated unsecured loan notes were fair valued based on a discount rate incorporating relevant Gilt or Swap yields plus a credit spread.

The company also announced a market purchase of 5,637,816 ordinary shares at 130.8p per share on October 2, 2025, to be held in treasury. This action was authorized at the annual general meeting on February 25, 2025. Following this purchase, the total issued share capital remains 1,315,102,830 ordinary shares of 2.5p each, with 312,661,597 shares (23.8%) held in treasury and lacking voting rights.

Consequently, the total number of voting rights in The Bankers Investment Trust Plc stands at 1,002,441,233. This reflects a strategic move to manage capital while providing an updated valuation of the trust's holdings.