Result of AGM

Results of the Annual General Meeting 2015

Capital Gearing Trust P.l.c. (the “Company”) is pleased to announce the results of its Annual General Meeting (the “AGM”) held on Wednesday, 8 July 2015 at 11.00am. The ordinary and special resolutions set out in the AGM notice were proposed and passed on a show of hands. 

The proxy voting figures are shown below. 

No. Resolution
ORDINARY BUSINESS
1 To receive the Report and Accounts for the year ended 5 April 2015
Votes for/discretionary 348,600
Votes against 0
Total votes cast 348,600
Votes withheld 0
Poll No
2 To approve the Directors’ Remuneration Report for the year ended 5 April 2015
Votes for/discretionary       348,450
Votes against 0
Total votes cast 348,450
Votes withheld 150
Poll No
3. To declare a final dividend of 20p per Ordinary share for the year ended 5 April 2015
Votes for/discretionary 348,600
Votes against 0
Total votes cast 348,600
Votes withheld 0
Poll No
4. To re-elect Graham Meek as a director of the Company
Votes for/discretionary 347,388
Votes against 1,212
Total votes cast 348,600
Votes withheld 0
Poll No
5. To elect Jean Matterson as a director of the Company
Votes for/discretionary 348,600
Votes against 0
Total votes cast 348,600
Votes withheld 0
Poll No
6. To elect Robin Archibald as a director of the Company
Votes for/discretionary 348,600
Votes against 0
Total votes cast 348,600
Votes withheld 0
Poll No
7. To re-appoint PricewaterhouseCoopers LLP as auditors of the Company
Votes for/discretionary 343,363
Votes against 5,237
Total votes cast 348,600
Votes withheld 0
Poll No
8. To authorise the directors to determine the auditors’ remuneration
Votes for/discretionary 345,000
Votes against 3,400
Total votes cast 348,600
Votes withheld 200
Poll No
SPECIAL BUSINESS
ORDINARY RESOLUTIONS
9. To approve the adoption of a new zero discount/premium management policy
Votes for/discretionary 347,800
Votes against 800
Total votes cast 348,600
Votes withheld 0
Poll No
10. To authorise the directors to cease offering periodic tenders at realisation value
Votes for/discretionary 347,800
Votes against 800
Total votes cast 348,600
Votes withheld 0
Poll No
11. To authorise the directors to allot shares
Votes for/discretionary 348,108
Votes against 327
Total votes cast 348,435
Votes withheld 165
Poll No
SPECIAL RESOLUTIONS
12. To authorise the directors to allot shares on a non-pre-emptive basis
Votes for/discretionary 346,986
Votes against 1,449
Total votes cast 348,435
Votes withheld 165
Poll No
13. To authorise the Company to make market purchases of its own shares
Votes for/discretionary 346,600
Votes against 2,000
Total votes cast 348,600
Votes withheld 0
Poll No
14. To authorise the calling of general meetings, other than annual general meetings, on not less than 14 clear days’ notice
Votes for/discretionary 337,325
Votes against 11,075
Total votes cast 348,400
Votes withheld 200
Poll No

Notes:

Any proxy votes which are at the discretion of the Chairman have been included in the “for” total. A vote withheld is not a vote in law and is not counted in the votes for or against a resolution.

At the date of the AGM the total number of Ordinary shares of 25p each in issue and the total number of voting rights was 2,926,906.

The proxy voting figures will shortly also be available on the Company’s website at www.capitalgearingtrust.com  

In accordance with Listing Rule 9.6.2, the full text of the special business resolutions passed has been submitted to the National Storage Mechanism and will shortly be available for inspection at: http://www.morningstar.co.uk/uk/nsm. The special business resolutions will additionally be filed with Companies House.

Disclaimer: Neither the contents of the Company’s website nor the contents of any website accessible from hyperlinks on the Company’s website (or any other website) is incorporated into, or forms part of, this announcement. 

Enquiries
TMF Nominees Ltd
Email:company.secretary@capitalgearingtrust.com

9 July 2015

Investor Meets Company
UK 100

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