Net Asset Value(s)

RNS Number : 7677I

Polar Capital Technology Trust PLC

21 June 2017

 

POLAR CAPITAL TECHNOLOGY TRUST PLC

Legal Entity Identifier: 549300TN1O5392UC4K19

21^st June 2017

Net Asset Value

As at close of business on 20^th June 2017 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 1028.93p.

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.

For the purposes of calculating the performance fee, the NAV adjusted as described above is 1,031.17p per share.

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 1018.25p.

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

- ENDS -

For further information, please call:

Patrick Stuff

Investment Trust Operations Department

Polar Capital Partners Limited

Tel: [phone]

www.polarcapitaltechnologytrust.co.uk 

 

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