Net Asset Value(s)

RNS Number : 3986A

Polar Capital Technology Trust PLC

28 September 2015

 



POLAR CAPITAL TECHNOLOGY TRUST PLC

28^th September 2015

Net Asset Value

As at close of business on 25^th September 2015 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 564.74p.

Polar Capital Technology Trust plc may pay a performance fee to its investment manager, Polar Capital LLP, 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 565.33p.

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 

 

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