Polar Capital Technology Trust PLC Net Asset Value(s) (6859K)
September 23 2016 - 5:16AM
UK Regulatory
TIDMPCT
RNS Number : 6859K
Polar Capital Technology Trust PLC
23 September 2016
POLAR CAPITAL TECHNOLOGY TRUST PLC
23(rd) September 2016
Net Asset Value
As at close of business on 22(nd) September 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 816.45p.
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 817.21p 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 814.54p.
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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