Pantheon International PLC (PIN), the London-listed private equity investment trust, has announced the purchase of 165,491 of its own ordinary shares on the London Stock Exchange on 4 November 2026, executed through J.P. Morgan Securities plc. The shares were acquired at prices ranging from 388.50 pence to 390.00 pence each, with a weighted average price of 389.074049 pence. The company has confirmed its intention to cancel all purchased shares, reducing the total number of ordinary shares in issue to 369,920,013. Investors in PIN will note that none of the company's shares are held in treasury following the transaction.

Key Points

  • Pantheon International PLC (PIN) — London-listed private equity investment trust
  • The company purchased 165,491 ordinary shares of 6.7 pence each on 4 November 2026 via J.P. Morgan Securities plc, with all shares to be cancelled
  • Price range: 388.50p (lowest) to 390.00p (highest); weighted average price of 389.074049p per share
  • Investors should watch for further buyback announcements, as the company notes daily repurchases may represent a significant proportion of daily trading volume

PIN Cancels 165,491 Ordinary Shares Following 4 November 2026 Market Purchase

Pantheon International PLC conducted the buyback on 4 November 2026, purchasing 165,491 ordinary shares of 6.7 pence each through J.P. Morgan Securities plc on the London Stock Exchange. The shares were acquired at a lowest price of 388.50 pence and a highest price of 390.00 pence, with a weighted average of 389.074049 pence per share. The company has stated that it intends to cancel these shares rather than hold them in treasury, a move that reduces the total pool of ordinary shares in circulation and extinguishes the associated voting rights.

Total Voting Rights and Shares in Issue Following Pantheon International's Cancellation

Following the cancellation of the repurchased shares, Pantheon International PLC's total ordinary shares in issue stand at 369,920,013. The announcement confirms that none of these shares are held in treasury, meaning the total voting rights of the company are also 369,920,013. This figure is of practical relevance to shareholders who must use the total voting rights figure as the denominator when calculating whether their own interest in the company has crossed a notifiable threshold under applicable disclosure rules.

Buyback Programme Scale Relative to PIN's Daily Trading Volume

Pantheon International's announcement explicitly cautions that a share buyback conducted on any single trading day may represent a significant proportion of the daily trading volume in PIN ordinary shares on the London Stock Exchange. This disclosure reflects the relatively lower daily liquidity typical of investment trust shares compared with large-cap equities. Investors monitoring the programme should consider how ongoing cancellations progressively reduce the total share count and may affect liquidity conditions over time, though the company has not provided specific guidance on the overall scale or duration of its buyback programme in this announcement.