Circular re General Meeting

To:       PR Newswire

From:  Capital Gearing Trust P.l.c.   

Date:   19 August 2016

Capital Gearing Trust P.l.c.

Publication of Circular

On 6 May 2016 Capital Gearing Trust P.l.c. (the "Company") published a prospectus in connection with the issue of further new ordinary shares pursuant to the Company’s discount and premium management policy.  In order to meet the recent and continuing demand for shares, the Board is now seeking an early renewal of its authority to issue further ordinary shares for cash on a non pre-emptive basis.  Accordingly, the Company has today published a circular convening a general meeting (the "General Meeting") to be held at 11.00 a.m. on 5 September 2016 at the offices of Dickson Minto W.S., 16 Charlotte Square, Edinburgh EH2 4DF.

At the General Meeting a resolution will be put to shareholders to give the Board authority to disapply rights of pre-emption in respect of the allotment of up to 773,442 ordinary shares which represents 20.75 per cent. of the Company's current issued share capital.

The Board will only issue new shares at a premium to net asset value, to meet demand from investors and when the Board believes it is in the best interests of the Company and its shareholders to do so. 

The circular will shortly be available for inspection on the National Storage Mechanism which is located at http://www.morningstar.co.uk/uk/nsm.do.

All enquiries:

Steven Cowie
Company Secretary
Tel: [phone]
Email:[e-mail]