Pantheon International PLC (PIN), the London-listed global private equity investment trust, has announced the purchase of 104,662 of its own ordinary shares on the London Stock Exchange on 12 November 2026. The shares were acquired through J.P. Morgan Securities plc at prices ranging from 389.00p to 391.00p, with a weighted average price of 390.675465p. The company intends to cancel the purchased shares, reducing the total shares in issue to 369,043,401. Investors in closed-end private equity vehicles such as PIN typically monitor buyback activity as a signal of the board's view on value relative to net asset value.

Key Points

  • Pantheon International PLC (PIN) — London-listed global private equity investment trust
  • PIN purchased 104,662 ordinary shares of 6.7 pence each on 12 November 2026 via J.P. Morgan Securities plc, with all shares to be cancelled
  • Purchase price range: 389.00p (lowest) to 391.00p (highest); weighted average price of 390.675465p per share
  • Investors should watch for further buyback announcements and any update on the ongoing programme's impact on total voting rights

PIN Cancels 104,662 Shares Purchased at Weighted Average of 390.68p on 12 November 2026

Pantheon International PLC confirmed it executed the share purchase on 12 November 2026, with the transaction announced to the market on 13 November 2026. The 104,662 ordinary shares, each carrying a nominal value of 6.7 pence, were bought at a lowest price of 389.00p and a highest price of 391.00p per share. The weighted average price of 390.675465p per share reflects the blended cost across all trades in the session. The company has confirmed its intention to cancel these shares rather than hold them in treasury, which directly reduces the total share count outstanding.

Total Voting Rights Fall to 369,043,401 Following Cancellation of Repurchased Ordinary Shares

Following the cancellation of the repurchased shares, Pantheon International's total ordinary shares in issue stand at 369,043,401, with none held in treasury. This means the Total Voting Rights of the company are also 369,043,401, a figure that shareholders and index trackers use as the denominator for calculating percentage interests. The company's announcement notes that a buyback of ordinary shares on any single trading day may represent a significant proportion of the daily trading volume in PIN shares on the London Stock Exchange, a disclosure that reflects the relatively lower liquidity typical of investment trust shares.

Pantheon International's Ongoing Buyback Programme and Its Role as a Global Private Equity Trust

Pantheon International PLC is a closed-ended investment trust that provides investors with diversified exposure to global private equity markets, investing across primaries, secondaries, and co-investments. Share buybacks are a tool frequently employed by investment trusts trading at a discount to net asset value, as cancelling shares can be accretive to remaining shareholders. The announcement was made under the requirements applying to transactions in own shares, and the company's LEI is recorded as 2138001B3CE5S5PEE928. Contact details for Pantheon and company secretary Waystone Administration Solutions (UK) Limited were included in the disclosure.