Bankers Investment Trust buys back shares, boosting treasury holdings

The Bankers Investment Trust PLC (“the Company”) reported a market purchase of 840,000 ordinary shares on December 2, 2025, at a price of 133.7989p per share, to be held in treasury. This action was authorized at the Annual General Meeting held on February 25, 2025.

Following this transaction, the Company’s issued share capital remains 1,315,102,830 ordinary shares of 2.5p each, with 337,820,426 shares (25.7%) now held in treasury and without voting rights. The total number of voting rights on a poll is now 977,282,404.

As of December 1, 2025, the unaudited net asset value per share, calculated using the AIC formula (including current financial year revenue items and excluding shares in treasury), was 142.3p. The net asset value per share with debt marked at fair value was 145.7p. Excluding current financial year revenue items and treasury shares, the net asset value per share was 141.9p, and with debt marked at fair value, it was 145.2p.

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