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Polar Capital Technology Trust - Half-Year Report

 

POLAR CAPITAL TECHNOLOGY TRUST PLC

UNAUDITED RESULTS ANNOUNCEMENT FOR THE SIX MONTHS TO 31 OCTOBER 2019

FINANCIAL HIGHLIGHTS

 

 

 

 

(Unaudited)

As at 31 October 2019              

(Audited)

As at 30 April                   

2019

Movement %

Total net assets

£1,973,858,000

£1,935,646,000

2.0

Net assets per ordinary share

1474.95p

1446.40p

2.0

Price per ordinary share

1416.00p

1354.00p

4.6

Benchmark

Dow Jones World Technology Index (total return, Sterling adjusted, with the removal of relevant withholding taxes)

2141.9

2045.1

4.7

Discount of ordinary share price to net asset value per ordinary share

4.0%

6.4%

 

Ordinary shares in issue

133,825,000

133,825,000

-

 

 

 

 

KEY DATA

 

 

 

 

For the six months to 31 October 2019

 

 

Local Currency

%

Sterling Adjusted

%

 

 

 

 

 

Benchmark (see above)

4.0

4.7

 

Other Indices over the period (total return)

 

 

 

FTSE World

3.8

4.6

 

FTSE All-share

-

0.4

 

S&P 500 composite

4.2

5.0

 

Nikkei 225

4.1

7.5

 

Eurostoxx 600

3.3

3.5

 

 

 

 

 

 

Exchange rates

As at

31 October 2019

As at

30 April 2019

 

US$ to £

1.2940

1.3037

 

Japanese Yen to £

139.89

145.19

 

Euro to £

1.1599

1.1632

 


No interim dividend has been declared for the period ended 31 October 2019, nor were there for periods ended 31 October 2018 or 30 April 2019, and there is no intention to declare a dividend for the year ending 30 April 2020.

References throughout this document to "the Company" or "the Trust" relate to Polar Capital Technology Trust PLC while references to "the portfolio" relate to the assets managed on behalf of the Company.