Bankers Investment Trust buys back shares, updates NAV

The Bankers Investment Trust Plc announced a market purchase of 848,393 of its own ordinary shares of 2.5p each on November 7, 2025, at a price of 131.2993p per share, to be held in treasury. This action was authorized at the Annual General Meeting on February 25, 2025. Following the purchase, the company's issued share capital remains 1,315,102,830 ordinary shares of 2.5p each, with 326,474,260 shares (24.8%) held in treasury and no voting rights. The total number of voting rights is now 988,628,570.

Concurrently, the company provided an update on its net asset values as of close of business on November 6, 2025. The unaudited net asset value per share, calculated according to the AIC formula (including current financial year revenue and excluding treasury shares), was 142.5p, and 145.7p with debt marked at fair value. Excluding current financial year revenue items and treasury shares, the net asset value per share was 142.2p, and 145.5p with debt marked at fair value.

The estimated fair value of the company's GBP denominated unsecured loan notes is based on a discount rate using a UK Gilt yield plus a credit spread, while Euro denominated unsecured loan notes are valued using a Euro Swap yield of similar maturity plus a credit spread.