Pantheon International PLC (PIN), the London-listed private equity investment trust, has announced the purchase of 149,182 of its own ordinary shares on the London Stock Exchange on 11 November 2026, executed through J.P. Morgan Securities plc. The shares, each carrying a nominal value of 6.7 pence, were acquired at prices ranging from 388.00 pence to 390.50 pence, with a weighted average price of 389.577573 pence. The company has confirmed its intention to cancel all purchased shares, reducing total shares in issue to 369,148,063 ordinary shares with no shares held in treasury.

Key Points

  • Pantheon International PLC (PIN) — London-listed private equity investment trust
  • The company purchased 149,182 ordinary shares on 11 November 2026 for cancellation, not for treasury
  • Weighted average purchase price was 389.577573 pence per share; price range was 388.00p–390.50p
  • Investors should monitor further buyback announcements, given that daily purchases may represent a significant proportion of PIN's daily trading volume

PIN Purchases 149,182 Ordinary Shares Through J.P. Morgan Securities at Up to 390.50p

Pantheon International PLC conducted the buyback transaction on 11 November 2026, with J.P. Morgan Securities plc acting as the executing broker on the London Stock Exchange. The lowest price paid per share was 388.00 pence, the highest was 390.50 pence, and the weighted average price across all purchased shares was 389.577573 pence. The aggregate cost of the transaction was not disclosed in the announcement. Each ordinary share carries a nominal value of 6.7 pence, and all 149,182 shares acquired are ordinary shares of that class.

Shares Acquired Will Be Cancelled, Cutting Total PIN Shares in Issue to 369,148,063

Pantheon International has confirmed that it intends to cancel the purchased shares rather than hold them in treasury. Following the transaction, total ordinary shares in issue stand at 369,148,063, all of which carry voting rights, with none held in treasury. As a result, the Total Voting Rights of the company are recorded at 369,148,063. Cancellation of buyback shares is a mechanism that can support earnings-per-share metrics and net asset value per share over time, though Pantheon International made no specific financial projections in connection with this transaction.

Daily Buyback Volume Could Represent Significant Proportion of PIN's Exchange Trading Activity

The announcement explicitly states that a buyback of ordinary shares by Pantheon International on any given trading day may represent a significant proportion of the daily trading volume in PIN shares on the London Stock Exchange. This disclosure is a standard regulatory notice that alerts investors to the potential market impact of ongoing buyback activity. Pantheon International is a private equity investment trust focused on global private equity fund investments and co-investments, and its shares trade on the Main Market of the London Stock Exchange. The buyback programme reflects the board's continued use of capital management tools available to the company.