Capital Gearing Tst Publication of Circular and General Meeting

 
TIDMCGT 
 
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 annual general meeting 
held on 6 July 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 11.00 a.m. on 4 November 2021 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 3,476,880 Ordinary Shares (being 20 per cent. of the 
Company's current issued share capital) on a non pre-emptive basis. 
 
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 
 
 
 
END

(END) Dow Jones Newswires

October 13, 2021 11:23 ET (15:23 GMT)

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