Bankers Investment Trust buys back shares, updates NAV

The Bankers Investment Trust PLC announced a market purchase of 497,523 ordinary shares on October 22, 2025, priced at 130.307p per share, to be held in treasury. This transaction, authorized at the Annual General Meeting on February 25, 2025, maintains the company's issued share capital at 1,315,102,830 ordinary shares of 2.5p each. Following the purchase, 318,570,615 shares (24.2%) are held in treasury, with no voting rights, leaving 996,532,215 total voting rights.

Concurrently, the company released its unaudited net asset values as of October 21, 2025. The AIC formula-based NAV per share (including current financial year revenue items and excluding treasury shares) was £140.3p, rising to £143.8p when debt was marked at fair value. Excluding current financial year revenue items, the NAV per share was £139.4p, or £142.8p with debt at fair value.

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