PR Newswire
LONDON, United Kingdom, April 02
LONDON STOCK EXCHANGE ANNOUNCEMENT
Capital Gearing Trust P.l.c.
(the `Company’)
Publication of Circular and Notice of General Meeting
Renewal of share buy-back authority
2 April 2026
Legal Entity Identifier: 213800T2PJTPVF1UGW53
The Board of Directors of the Company (the «Board») announces that it is today
publishing a shareholder circular (the «Circular»), which contains a notice of a
general meeting (the «General Meeting»), at which the Board is seeking
Shareholders’ approval to renewtheCompany’s buy-back authority in order to
support the continued operation of the Company’s discount / premium control
policy (the «DCP»).
The General Meeting will be held atthe offices of Frostrow Capital LLP,
25Southampton Buildings,LondonWC2A 1AL, at11.00 a.m. on Tuesday 28 April 2026.
The DCP aims to purchase or issue Ordinary Shares to ensure, in normal market
conditions, that the Ordinary Shares trade consistently close to their
underlying net asset value («NAV») per share.
At the Company’s 2025 annual general meeting (the «2025 AGM»), Shareholders
granted the Company authority to buy back up to 2,595,398 Ordinary Shares
(representing 14.99 per cent. of the issued share capital of the Company
(excluding Treasury shares) as at the date of the 2025 AGM). Since the 2025 AGM,
and as at the Latest Practicable Date, the Company has bought back 1,617,111
Ordinary Shares for a total consideration of £79.2 million, utilising a
significant portion of this authority.
To avoid a situation arising whereby the existing buy-back authority is fully
utilised prior to the Company’s next annual general meeting, resulting in the
Board being unable to implement its DCP, the Board believes that it is in the
best interests of the Company and its Shareholders for the buy-back authority to
be renewed prior to the next annual general meeting. Accordingly, the Board has
convened the General Meeting in order to seek the authority of Shareholders to
renew the Company’s authority to make market purchases of its Ordinary Shares.
Timetable
Latest time and date for receipt of forms of proxy 11.00 a.m. on 24 April 2026
General Meeting 11.00 a.m. on 28 April 2026
A copyof the Circular will be submitted to the National Storage Mechanism and
will shortly be available for inspection
athttps://data.fca.org.uk/#/nsm/nationalstoragemechanism. The Circular and the
Notice of the General Meeting will also be made available shortly on the
Company’s website atwww.capitalgearingtrust.com
Unless otherwise defined, all definitions used in this announcement have the
same meanings as described in the Circular.
-ENDS-
For further information please contact:
Frostrow Capital LLP – Company Secretary
Alison Vincent
0203 709 2481
This information was brought to you by Cision http://news.cision.com
