Polar Capital Technology Trust PLC Net Asset Value(s) (8515W)
November 17 2017 - 6:57AM
UK Regulatory
TIDMPCT
RNS Number : 8515W
Polar Capital Technology Trust PLC
17 November 2017
POLAR CAPITAL TECHNOLOGY TRUST PLC
Legal Entity Identifier: 549300TN1O5392UC4K19
17(th) November 2017
Net Asset Value
As at close of business on 16(th) November 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 1,157.53p.
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 1,161.83p 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 1,134.46p.
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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