Source - RNS
RNS Number : 5764T
Polar Capital Technology Trust PLC
13 October 2017
 

POLAR CAPITAL TECHNOLOGY TRUST PLC

Legal Entity Identifier: 549300TN1O5392UC4K19

13th October 2017

Net Asset Value

As at close of business on 12th October 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 1,096.18p.

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 1,100.40p 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 1,073.88p.

 

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: 020 7227 2700

www.polarcapitaltechnologytrust.co.uk 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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