Net Asset Value(s)

RNS Number : 0044D

Polar Capital Technology Trust PLC

04 October 2018

 

POLAR CAPITAL TECHNOLOGY TRUST PLC

Legal Entity Identifier: 549300TN1O5392UC4K19

4^th October 2018

Net Asset Value

As at close of business on 3^rd October 2018 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 1,367.09p.

Performance fee Arrangements

Polar Capital Technology Trust plc may pay a performance fee to its investment manager, Polar Capital LLP, which would be payable after 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 previous accrual for the performance fee) exceeds the benchmark-adjusted high-water mark. The precise amount of any performance fee payable is capped in accordance with the terms of the Investment Management Agreement and will be subject to external audit.

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 performance fee, if any will be accrued daily within the NAV per Share.

As at the close of business on 3^rd October 2018 the unaudited NAV adjusted, as described above, for the purposes of calculating the performance fee, is 1,369.20p per share and the current benchmark-adjusted unaudited high water mark is currently 1,356.45p per share.

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For further information, please call:

Patrick Stuff

Investment Trust Operations Department

Polar Capital Partners Limited

Tel: [phone]

 

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