Director/PDMR Shareholding

Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Oliver Laing
2	Reason for the notification
a)	Position/status	Person closely associated with Alastair Laing who is a PDMR and holds the position of Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Capital Gearing Trust plc
b)	LEI	213800T2PJTPVF1UGW53
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary Shares
	Identification code	GB0001738615
b)	Nature of the transaction	Acquisition
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			4,054.96 pence	105
d)	Aggregated information
	- Aggregated volume	105
	- Price	£4,257.71
e)	Date of the transaction	20.11.18
f)	Place of the transaction	London Stock Exchange (XLON)