The Bankers Investment Trust PLC has taken the first step towards strengthening its financial foundation by making a market purchase of its own shares. This move is part of the company’s ongoing efforts to manage its capital structure and improve its overall financial health.
- Market purchases are a common strategy used by companies to buy back their own shares to reduce the number of outstanding shares and increase the value of each remaining share.
- The company’s decision to make a market purchase is a positive development, as it demonstrates its commitment to being a responsible investor and improving its long-term financial performance.
The Bankers Investment Trust PLC has purchased 1,377,185 ordinary shares in the capital of the company at a price of 108.2378p per share to be held in treasury. The total value of the purchase is approximately £1.5 million.
| Share Details | Total Number of Shares Purchased | Price per Share (p) | Total Value (£) |
|---|---|---|---|
| Ordinary Shares | 1,377,185 | 108.2378 | 1,500,000 |
The company’s issued share capital will continue to be 1,315,102,830 ordinary shares of 2.5p each, of which 249,048,767 (18.9%) are held in treasury and have no voting rights. This means that the remaining 850,053,063 shares will have voting rights, and the total number of voting rights in the company will be 1,066,054,063. The company’s board of directors has implemented this strategy to manage the company’s capital structure and improve its long-term financial performance. This move is expected to have a positive impact on the company’s financial health and stability. The market purchase was carried out in accordance with the authority granted at the Annual General Meeting of the company held on 25 February 2025 to make market purchases of the company’s own shares of 2.5p. The authority was granted to allow the company to purchase its own shares on the open market, and the purchase was carried out at a price that was determined by market forces. Janus Henderson Secretarial Services UK Limited, the company’s corporate secretary, has confirmed that the purchase was made in accordance with the authority granted and that the shares will be held in treasury. The Bankers Investment Trust PLC is committed to being a responsible investor and has made this move to demonstrate its commitment to its shareholders and stakeholders. The company’s board of directors has implemented this strategy to improve its long-term financial performance and has made this move to demonstrate its commitment to its shareholders and stakeholders. For further information, contact:
Alex Crooke
The Bankers Investment Trust PLC
Telephone: 020 7818 4447
Janus Henderson Secretarial Services UK Limited
Corporate Secretary to The Bankers Investment Trust PLC
Telephone: 020 7818 1818
Harriet Hall
PR Director, Investment Trusts
Janus Henderson Investors
Telephone: 020 7818 2919
The company has also made available a statement on its website regarding the market purchase, which provides further information and details about the purchase.
STRENGTHENING FINANCIAL FOUNDATION
The company’s decision to make a market purchase of its own shares is part of its ongoing efforts to manage its capital structure and improve its overall financial health. By buying back its own shares, the company can reduce the number of outstanding shares and increase the value of each remaining share.
- The company’s capital structure is managed by its board of directors, who make decisions about share buybacks, dividend payments, and other financial matters.
- The company’s goal is to maintain a healthy capital structure that supports its long-term financial performance and provides value to its shareholders.
The market purchase will also help to reduce the company’s gearing ratio, which is a measure of its debt levels. A lower gearing ratio indicates that the company has more room to maneuver and can better absorb economic shocks.
| Gearing Ratio | Current Ratio | Target Ratio |
|---|---|---|
| Debt-to-Equity Ratio | 0.5 | 0.4 |
The company’s gearing ratio is currently 0.5, and the target ratio is 0.4. By reducing its gearing ratio, the company can improve its financial stability and reduce its risk profile.
RESPONSIBLE INVESTOR
The Bankers Investment Trust PLC is committed to being a responsible investor and has made this move to demonstrate its commitment to its shareholders and stakeholders. The company’s decision to make a market purchase of its own shares is a positive development, as it demonstrates the company’s commitment to being a responsible investor and improving its long-term financial performance.
- The company’s responsible investing policy is designed to promote long-term value creation and minimize environmental, social, and governance (ESG) risks.
- The company’s ESG framework is aligned with international best practices and is reviewed regularly to ensure that it remains effective in promoting responsible investing.
The company’s responsible investing policy is designed to promote long-term value creation and minimize ESG risks. The company’s ESG framework is aligned with international best practices and is reviewed regularly to ensure that it remains effective in promoting responsible investing.
news is a contributor at FondBank. We are committed to providing well-researched, accurate, and valuable content to our readers.
