Pantheon International PLC (PIN), the London-listed global private equity investment trust, has announced the purchase of 166,152 of its own ordinary shares on the London Stock Exchange on 5 November 2026. The shares were acquired through J.P. Morgan Securities plc at prices ranging from 387.00p to 392.00p, with a weighted average price of 390.33p. The company intends to cancel all purchased shares, reducing the total shares in issue to 369,753,861. Investors in private equity-focused investment trusts often view buyback and cancellation programmes as a signal of capital discipline and a potential mechanism for narrowing discounts to net asset value.

Key Points

  • Pantheon International PLC (PIN) — London-listed global private equity investment trust
  • The company purchased 166,152 ordinary shares of 6.7p each on 5 November 2026, executed via J.P. Morgan Securities plc
  • Price range: 387.00p (lowest) to 392.00p (highest); weighted average price 390.332683p; all shares to be cancelled
  • Investors may watch for further buyback activity and any update on the programme's overall size or duration

PIN Purchases 166,152 Ordinary Shares Through J.P. Morgan at Weighted Average of 390.33p

The announcement confirms that Pantheon International PLC conducted the transaction on 5 November 2026, with J.P. Morgan Securities plc acting as the executing broker on the London Stock Exchange. Each share carries a nominal value of 6.7 pence. The weighted average price paid across the entire transaction was 390.332683 pence per share, with individual trades transacting between a low of 387.00p and a high of 392.00p. The company did not disclose the total aggregate consideration paid for the buyback in the announcement, though the per-share price range and volume are fully disclosed.

All Purchased Shares to Be Cancelled, Reducing PIN's Total in Issue to 369,753,861

Following the transaction, Pantheon International has stated its intention to cancel the 166,152 purchased shares rather than hold them in treasury. As a result of the cancellation, total ordinary shares in issue stand at 369,753,861, none of which are held in treasury. Consequently, the company's Total Voting Rights figure also equals 369,753,861. Cancellation of repurchased shares directly reduces the share count, which can affect per-share metrics including net asset value per share, a figure closely tracked by investors in investment trust structures such as PIN.

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

Pantheon International has included a specific caution in the announcement, noting 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. This disclosure reflects standard regulatory transparency requirements under the UK's market abuse framework and is relevant context for investors monitoring liquidity in the stock. The announcement carries geographic distribution restrictions, excluding the United States, Canada, Japan, the Republic of South Africa, and Australia (except qualifying wholesale and professional investors).