Bankers Investment Trust announces share buyback, NAV update

The Bankers Investment Trust Plc (BIT) has announced a market purchase of 422,019 of its ordinary shares, each with a nominal value of 2.5p, on 23 October 2025. These shares were acquired at a price of 129.373p per share and will be held in treasury, as per authority granted at the Annual General Meeting on 25 February 2025. Following this transaction, the company's issued share capital remains 1,315,102,830 ordinary shares, with 318,992,634 shares (24.3%) held in treasury and consequently without voting rights. The total number of voting rights on a poll is now 996,110,196.

The company also released its unaudited net asset values (NAV) as of the close of business on 22 October 2025. The NAV per share, calculated according to the AIC formula (including current financial year revenue items and excluding shares in treasury), stood at 140.2p, with the NAV per share with debt marked at fair value at 143.7p. Excluding current financial year revenue items and shares held in treasury, the NAV per share was 139.3p, and with debt marked at fair value, it was 142.7p.

Additionally, a monthly factsheet as at 30 September 2025 has been submitted to the National Storage Mechanism and will soon be available on the company's website, www.bankersinvestmenttrust.com. The fair value of the company's GBP and Euro denominated unsecured loan notes is estimated based on discount rates calculated using the yields of UK Gilts or Euro Swaps, respectively, of similar maturity plus a credit spread.