REG - Polar Cap Tech Tst - Confirmation of Buyback Utilisation

Polar Capital Technology TrustAnnouncement

09/06/2022 17:15

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RNS Number : 3824O  Polar Capital Technology Trust PLC  09 June 2022

Polar Capital Technology Trust PLC ("the Company or PCTT")

LEI: 549300TN1O5392UC4K19

 

9 June 2022

 

 

STATEMENT REGARDING SHARE BUY-BACKS

The Company does not have an absolute target discount level at which it will
buy back shares but it has historically bought back significant amounts of the
outstanding share capital when deemed appropriate. Over the 12 months to 9
June 2022, the Company has repurchased 4,834,691 shares.

This approach does not preclude a more active approach as discounts widen and
the Investment Manager may consider that a single purchase or a series of
purchases of shares in current or greater volumes, which would enhance the
Company's NAV per share, would be an attractive investment of the Company's
cash resources, given the positive long-term prospects for the Company's
portfolio.

Nothing in this announcement should be taken to mean that reliance may be
placed on the occurrence of such buybacks in practice.

 

For further information, please contact:

 

 S Bates - Chair                      B Rogoff - Fund Manager      Mark Bloomfield - Corporate

 C Cripps - Chair Elect               T Lago - Company Secretary   Alex Miller - Corporate

 Polar Capital Technology Trust plc   Polar Capital LLP            Stifel Nicolaus Europe Limited

 Tel. 020 7227 2700                   Tel. 020 7227 2700           Tel. 020 7710 7600

 

 

 

 

 

 

 

 

 

 

 

Draft confirmation of buybacks announcement June 7

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