Net Asset Value(s)

RNS Number : 0065T

Polar Capital Technology Trust PLC

30 September 2014

 



The following amendment has been made to the 'Net Asset Value' announcement released on 29/09/2014 at 13.15 under RNS No 8701S.

Net Asset Value was amended from 526.55 to 526.11.

All other details remain unchanged.

The full amended text is shown below.

POLAR CAPITAL TECHNOLOGY TRUST PLC

29^th September 2014

Net Asset Value

As at close of business on 26^th September 2014 the unaudited net asset value per share, calculated in accordance with the AIC formula (including current year deficit and based on bid market values) was 526.11p.

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 NAV per share is below the current benchmark-adjusted high water mark.

The performance fee, if payable, will be accrued daily.

- ENDS -

For further information, please call:

Tom Astor

Investment Trust Operations Department

Polar Capital Partners Limited

Tel: [phone]

www.polarcapitaltechnologytrust.co.uk 

 

END

 

 

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