Authority to allot further sh

RNS Number : 9894Y

F&C Capital & Income Inv Tst PLC

14 September 2009

F&C CAPITAL AND INCOME INVESTMENT TRUST PLC

AUTHORITY TO ALLOT FURTHER SHARES

The Company has today published a circular (the "Circular") convening an extraordinary general meeting to seek authority from shareholders of the Company ("Shareholders") to allot further ordinary shares and to disapply pre-emption rights in respect of the allotment of those shares.

At the Company's annual general meeting on 15 January 2009, the Shareholders granted the Directors general authority to allot shares in the Company up to an aggregate nominal value of £991,303. In the period from 15 January 2009 until 8 September 2009, the Directors have used this authority to allot 3,450,000 new ordinary shares (with an aggregate nominal value of £862,500) to satisfy demand from participants in the various F&C savings plans and the market in general.

The Directors believe that there will be greater demand for the allotment of shares on a non pre-emptive basis than can be satisfied by the balance of the authority granted at the last annual general meeting. In order to allow the Directors to continue to issue new shares and to resell shares held in treasury, Shareholders are being asked to grant a further authority to issue or sell from treasury, on a non pre-emptive basis, up to 4,541,427 shares having a nominal value of £1,135,356. This represents 5.44% of the Company's issued share capital as at 8 September 2009. This authority substitutes the authority granted at the last annual general meeting (to the extent unexercised) and, when added to the 3,450,000 shares allotted pursuant to such authority, represents 9.99% of the Company's issued share capital as at 15 January 2009.

If such authority is granted by Shareholders, the Directors will not issue further shares pursuant to that authority at a price below the net asset value of an ordinary share unless they are first offered pro rata to Shareholders. The authority, if approved, will continue in effect until the conclusion of the Company's annual general meeting in 2010 or 15 April 2010, if earlier.

The extraordinary general meeting at which Shareholders will be asked to consider and, if thought fit, approve the resolution to grant this authority is to be held at 11.00 a.m. on Tuesday 6 October 2009 at Exchange House, Primrose Street, London EC2A 2NY.

Copies of the Circular have been submitted to the UK Listing Authority and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at:

UK Listing Authority
Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS