Net Asset Value(s)

RNS Number : 0856E

Polar Capital Technology Trust PLC

04 April 2014

 



POLAR CAPITAL TECHNOLOGY TRUST PLC

4^th April 2014

Undiluted

As at close of business on 3^rd April 2014the unaudited net asset value per share, calculated in accordance with the AIC formula (including current year deficit and based on bid market values) was 488.65p.

Diluted

As at close of business on 3^rd April 2014 the unaudited net asset value, calculated in accordance with the guidelines of the Association of Investment Companies, was 487.16p.

Polar Capital Technology Trust plc can earn a performance fee which would be payable at the year end, as a result of outperformance over the benchmark index, if the NAV per share (after adjusting for share buy backs and issuance and any accrual for the performance fee) exceeds the benchmark-adjusted high water mark.

The high water mark is the higher of the benchmark-adjusted NAV per share when the last performance fee was paid or the benchmark-adjusted NAV per share at the previous year end.

The current benchmark-adjusted high water mark is 494.26p.

The performance fee, if payable, will be accrued daily

Following the exercise of subscription shares on 31st March 2014 there remains in the hands of the Subscription Trustee 21,370,043 Subscription Shares. See RNS Announcement 7980D for further details.

- ENDS -

For further information, please call:

Tom Astor

Investment Trust Operations Department

Polar Capital Partners Limited

Tel: [phone]

www.polarcapitaltechnologytrust.co.uk 

 

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