Capital Gearing Trust Regulatory News (CGT)

Capital Gearing Trust Plc - Publication of Circular and General Meeting

PR Newswire

London, April 4

LEI: 213800T2PJTPVF1UGW53

From: Capital Gearing Trust P.l.c.

Date: 4 April 2022

Capital Gearing Trust P.l.c.

Publication of Circular and General Meeting

Since its approval at the annual general meeting in 2015, the Company has successfully operated a discount and premium control policy (the “DCP”). This has kept the Company’s share price close to the prevailing net asset value and has allowed the Company to issue new ordinary shares of 25 pence each (“Ordinary Shares”) to meet demand from existing and new investors in the Company and to buy back Ordinary Shares for re-issuance from treasury where the circumstances have required it.

The recent issuance levels mean that the Company’s existing authorities to issue shares on a non pre-emptive basis, granted at the general meeting held on 4 November 2021, are likely to be exhausted prior to being refreshed at the next annual general meeting which is expected to be held in July 2022. As a result, in order to continue to operate the DCP and to meet the continuing demand for the Ordinary Shares, the Board is seeking the early renewal of its shareholder authorities to issue Ordinary Shares on a non pre-emptive basis.

Accordingly, the Company has today published a circular convening a general meeting to be held at 10.00 a.m. on 25 April 2022 at the offices of Juniper Partners Limited, 28 Walker Street, Edinburgh EH3 7HR (the "General Meeting"). At the General Meeting, resolutions will be proposed to give the Board authority to issue up to 4,187,495 Ordinary Shares (being 20 per cent. of the Company’s current issued share capital) on a non pre-emptive basis, in addition to their existing authorities.

A copy of the circular will shortly be available for inspection on the Company’s website at www.capitalgearingtrust.co.uk and on the National Storage Mechanism which is located at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

All enquiries:

Juniper Partners Limited

Company Secretary

Tel: 0131 378 0500

Email: company.secretary@capitalgearingtrust.com