Replacement - Net Asset Value(s)

RNS Number : 8872K

Polar Capital Technology Trust PLC

05 January 2016

 



The following amendment has been made to the 'Net Asset Value' announcement released on 05/01/2016 at 13.16 under RNS No 8859K.

Date was amended from 4^th January 2015 to 4^th January 2016.

All other details remain unchanged.

The full amended text is shown below.

POLAR CAPITAL TECHNOLOGY TRUST PLC

5^th January 2016

Net Asset Value

As at close of business on 4^th January 2016 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 621.90p.

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 624.32p.

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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