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Polar Capital Technology Trust - Interim Results

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POLAR CAPITAL TECHNOLOGY TRUST PLC

UNAUDITED RESULTS ANNOUNCEMENT FOR THE SIX MONTHS TO 31 OCTOBER 2020

FINANCIAL HIGHLIGHTS

 

 

 

 

(Unaudited)

As at 31 October 2020

(Audited)

As at 30 April

2020

Movement %

Total net assets

 

£3,017,730,000

 

£2,308,597,000

 

30.7

Net Asset Value (NAV) per ordinary share

 

2197.67p

 

1715.59p

 

28.1

Price per ordinary share

 

2095.00p

 

1774.00p

 

18.1

Benchmark

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

2991.5

2415.4

23.9

(Discount)/premium of ordinary share price to NAV per ordinary share

 

(4.7%)

 

3.4%

 

Ordinary shares in issue

 

137,315,000

 

134,566,000

 

2.0

 

 

 

 

KEY DATA

 

 

 

 

For the six months to 31 October 2020

 

 

Local Currency

%

Sterling Adjusted

%

 

 

 

 

 

Benchmark (see above)

27.0

23.9

 

Other Indices over the period (total return)

 

 

 

FTSE World

 

13.0

 

9.8

 

FTSE All-share

 

-

 

-2.0

 

S & P 500 composite

 

13.3

 

10.1

 

Nikkei 225

 

14.7

 

13.9

 

Eurostoxx 600

 

2.0

 

5.6

 

 

 

 

 

 

Exchange rates

As at

31 October 2020

As at

30 April 2020

 

US$ to £

 

1.2930

 

1.2614

 

Japanese Yen to £

 

135.17

 

134.88

 

Euro to £

 

1.1100

 

1.1516

 

 

No interim dividend has been declared for the period ended 31 October 2020, nor were there for periods ended 31 October 2019 or 30 April 2020, and there is no intention to declare a dividend for the year ending 30 April 2021.

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.