Bankers Investment Trust buys back shares, updates net asset values

The Bankers Investment Trust PLC announced on 4 November 2025 a market purchase of 586,360 ordinary shares at a price of 133.1534p per share, to be held in treasury. This transaction was authorized at the annual general meeting on 25 February 2025. Following the purchase, the company's issued share capital remains 1,315,102,830 ordinary shares, with 324,054,710 shares (24.6%) held in treasury and without voting rights. The total number of voting rights in the company is now 991,048,120.

The company also provided updated unaudited net asset values as of 3 November 2025. The net asset value per share (including current financial year revenue items and excluding treasury shares) was 144.0p, with the debt marked at fair value at 147.2p. Excluding current financial year revenue items and treasury shares, the net asset value per share was 143.7p, and with debt marked at fair value, it was 146.9p.

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 plus a credit spread, while Euro denominated unsecured loan notes use a Euro Swap yield plus a credit spread. The company's shares are now ex-dividend, with the dividend deducted from the net asset value.