Bankers Investment Trust buys back shares, updates NAV

The Bankers Investment Trust Plc announced a market purchase of 500,000 of its ordinary shares of 2.5p on October 17, 2025, at 127.4408p per share. These shares will be held in treasury. Following this transaction, the company's issued share capital remains 1,315,102,830 ordinary shares, with 317,232,347 shares (24.1%) held in treasury and possessing no voting rights. The total number of voting rights in the company is now 997,870,483.

Concurrently, as of the close of business on October 16, 2025, the unaudited net asset value per share, calculated using the AIC formula and including current financial year revenue items, was 138.0p. With debt marked at fair value, this figure rose to 141.4p. Excluding current financial year revenue items, the unaudited net asset value per share was 137.0p, and 140.4p with debt marked at fair value.

The fair value of the company's GBP denominated unsecured loan notes is based on a discount rate reflecting a UK gilt yield plus a credit spread, while euro denominated notes use a euro swap of similar maturity plus a credit spread.