Subscription Share Price

RNS Number : 0493B

Polar Capital Technology Trust PLC

10 February 2011

 



Polar Capital Technology Trust plc (the "Company") Bonus issue of Subscription Shares

Subscription Price

10 February 2011

In connection with the bonus issue of Subscription Shares detailed in the Prospectus sent to shareholders dated 18 January 2011 (the "Prospectus"), the Subscription Price, as defined in the Prospectus and equal to the unaudited NAV per Ordinary Share as at the close of business on 9 February 2011 of 381.87 pence per share (the "Unaudited NAV") plus a percentage premium to such amount, rounded up to the nearest whole penny, has now been determined and is as follows:

·    If Subscription Share Rights are exercised on any day between and including 31 March 2011 and 31 March 2012, 401 pence, being a 5 per cent. premium to the  Unaudited NAV per Ordinary Share.

·    If Subscription Share Rights are exercised on any day between and including 1 April 2012 and 31 March 2014, 478 pence, being a 25 per cent. premium to the  Unaudited NAV per Ordinary Share.

 Defined terms used in this announcement shall, unless the context otherwise requires, bear the meanings given to them in the Prospectus.

End

Enquiries:

Cenkos Securities

Will Rogers           020 7397 1920

Dion Di Miceli       020 7397 1921

Polar Capital

Ben Rogoff            020 7227 2700

 

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