Polar Capital Technology Trust PLC Net Asset Value(s) (4240B)
20 September 2018 - 8:34PM
UK Regulatory
TIDMPCT
RNS Number : 4240B
Polar Capital Technology Trust PLC
20 September 2018
POLAR CAPITAL TECHNOLOGY TRUST PLC
Legal Entity Identifier: 549300TN1O5392UC4K19
20(th) September 2018
Net Asset Value
As at close of business on 19(th) September 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 1,341.37p.
Performance fee Arrangements
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.
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 performance fee, if any will be accrued daily within the NAV
per Share.
As at the close of business on 19(th) September 2018 the
unaudited NAV adjusted, as described above, for the purposes of
calculating the performance fee, is 1,345.36p per share and the
current benchmark-adjusted unaudited high water mark is currently
1,320.12p per share.
- ENDS -
For further information, please call:
Patrick Stuff
Investment Trust Operations Department
Polar Capital Partners Limited
Tel: 020 7227 2700
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contact rns@lseg.com or visit www.rns.com.
END
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