Bankers Investment Trust buys back shares, updates net asset value

The Bankers Investment Trust Plc announced a market purchase of 500,000 ordinary shares, each with a nominal value of 2.5p, on October 14, 2025. These shares were bought back at a price of £1.27895 per share and will be held in treasury, following authority granted at the Annual General Meeting on February 25, 2025.

Post-purchase, the company's issued share capital remains 1,315,102,830 ordinary shares, with 315,732,347 (24%) held in treasury and lacking voting rights. Consequently, the total voting rights in the company now stand at 999,370,483.

Alongside the share repurchase, the company provided its unaudited net asset values as of October 13, 2025. The net asset value per share, calculated according to the AIC formula (including current financial year revenue items and excluding treasury shares), was £1.385, increasing to £1.420 with debt marked at fair value. Excluding current financial year revenue items and treasury shares, the net asset value per share was £1.376, rising to £1.410 when debt was marked 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 a similar maturity plus a credit spread. For its Euro denominated unsecured loan notes, the fair value is calculated using a discount rate based on the yield of a Euro Swap of similar maturity plus a credit spread.