Fulfilling a Promise to Shareholders, Polar Capital Technology Trust PLC Engages in Impressive Share Buyback

Polar Capital Technology Trust PLC, a prominent player in the financial industry, has made an assertive step in its business strategy by purchasing a significant number of its own shares. This is a follow-up to a resolution made at the annual general meeting held on 11 September 2024, demonstrating the company’s commitment to its shareholders’ interests.

On the 1st of April 2025, Polar Capital Technology Trust engaged in a substantial share buyback, acquiring 199,229 ordinary shares of 2.5p each, a substantial transaction which needs to be declared. The move was strategical; not only did it reduce the total voting rights substantially, but it also firmly established the baseline for the calculation of interests. With the shares set to be placed into treasury, it speaks volumes of the company’s strong financial position and its commitment to enhancing shareholder value.

Ultimately, this development reinforces Polar Capital Technology Trust PLC’s pledge to its shareholder base as it demonstrates its commitment to creating and enhancing value for them by maximising the worth of its shares.