Bankers Investment Trust buys back shares, updates NAV

The Bankers Investment Trust Plc ("the Company") has completed a market purchase of 410,000 ordinary shares of 2.5p each on October 8, 2025, at a price of 131.1501p 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 314,208,200 (23.9%) held in treasury and carrying no voting rights. The total number of voting rights is now 1,000,894,630.

As of October 7, 2025, the unaudited net asset value (NAV) per share calculated according to the AIC formula (including revenue items and excluding treasury shares) was 139.0p, and 142.4p with debt marked at fair value. Excluding current financial year revenue items and treasury shares, the NAV per share was 138.1p, and 141.5p with debt at fair value.

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