Bankers Investment Trust buys back shares, updates NAV

The Bankers Investment Trust Plc executed a market purchase of 500,000 of its ordinary shares on October 7, 2025, at a price of 131.345p per share, to be held in treasury. This transaction follows authority granted at the Annual General Meeting on February 25, 2025.

Following the purchase, the company's issued share capital remains 1,315,102,830 ordinary shares of 2.5p each, with 313,798,200 shares (23.9%) held in treasury and lacking voting rights. The total number of voting rights is 1,001,304,630.

As of October 6, 2025, the unaudited net asset value (NAV) per share calculated by the AIC formula was 139.3p, with debt marked at fair value showing 142.7p. Excluding current financial year revenue items, the NAV was 138.4p, and with debt marked at fair value, it was 141.8p.

The fair value of the company's GBP 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 Euro denominated unsecured loan notes uses a discount rate calculated from a Euro Swap of similar maturity plus a credit spread.