Polar Capital Technology Trust PLC Net Asset Value(s) (7858L)
23 April 2018 - 8:24PM
UK Regulatory
TIDMPCT
RNS Number : 7858L
Polar Capital Technology Trust PLC
23 April 2018
POLAR CAPITAL TECHNOLOGY TRUST PLC
Legal Entity Identifier: 549300TN1O5392UC4K19
23(rd) April 2018
Net Asset Value
As at close of business on 20(th) April 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 1,153.94p.
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. An estimate is accrued within the
current NAV per share.
For the purposes of calculating the performance fee, the NAV
adjusted as described above is 1,163.07p 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 1,102.18p.
The performance fee, if payable, will be accrued daily.
- ENDS -
This information is provided by RNS
The company news service from the London Stock Exchange
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