Pantheon International PLC (PIN), the London-listed global private equity investment trust, has announced the purchase of 170,000 of its own ordinary shares on the London Stock Exchange on 3 November 2026. The shares were bought through J.P. Morgan Securities plc at prices ranging from 387.50p to 390.00p, with a weighted average price of 388.88p. The company intends to cancel all purchased shares, reducing the total shares in issue to 370,085,504. Investors in PIN will note the buyback programme continues to shrink the company's share count, a development that can influence net asset value per share over time.

Key Points

  • Pantheon International PLC (PIN) — London-listed global private equity investment trust
  • The company purchased 170,000 ordinary shares of 6.7 pence each on 3 November 2026 via J.P. Morgan Securities plc, with all shares to be cancelled
  • Purchase price ranged from 387.50p to 390.00p per share; weighted average price was 388.882353p
  • Investors should watch the ongoing pace of buybacks and any further announcements regarding the company's total voting rights and shares in issue

PIN Purchases 170,000 Ordinary Shares Through J.P. Morgan Securities on 3 November 2026

Pantheon International PLC confirmed it purchased 170,000 ordinary shares of 6.7 pence each on 3 November 2026, executing the transaction through J.P. Morgan Securities plc on the London Stock Exchange. The lowest price paid per share was 387.50p, while the highest was 390.00p, producing a weighted average price of 388.882353p per share. The announcement states that the company intends to cancel all 170,000 purchased shares, meaning they will not be held in treasury or reissued. This cancellation permanently reduces the total number of ordinary shares in circulation.

Total Shares in Issue Fall to 370,085,504 Following Cancellation of Repurchased Stock

Following completion of this transaction, Pantheon International PLC's total ordinary shares in issue stand at 370,085,504, with none held in treasury. Consequently, the company's Total Voting Rights are also recorded at 370,085,504. The announcement explicitly 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 Exchange, a disclosure that underlines the potential market impact of the company's ongoing repurchase activity and highlights a liquidity consideration specific to this trust.

Pantheon International's Buyback Programme and Its Significance for Private Equity Trust Investors

Pantheon International is a closed-ended investment trust focused on private equity investments across global markets. Share buybacks at a discount to net asset value are a common mechanism employed by investment trusts to return value to shareholders and manage the discount between the market price and underlying portfolio value. The cancellation of repurchased shares, rather than holding them in treasury, directly reduces the share count, which the announcement suggests remains a core element of the company's current capital management approach. Investors may be watching the cumulative scale of buybacks across the programme.