Result of General Meeting

TO: PR Newswire

FROM: CAPITAL GEARING TRUST P.L.C.

Result of General Meeting

Capital Gearing Trust P.l.c. (the "Company") is pleased to announce that at a general meeting of the Company held earlier today, the resolution to disapply pre-emption rights in connection with the issue of further ordinary shares, as set out in the circular to shareholders dated 24 March 2016, was approved by shareholders. 

Following the passing of the resolution at the general meeting, in the absence of any shares being bought back, the Company has capacity to issue only a further 165,500 ordinary shares without the Company triggering the need to publish a prospectus.  As noted in the circular sent to shareholders on 26 March 2016 the Company intends to issue a prospectus in due course to allow it to continue to issue new ordinary shares in accordance with its discount and premium management policy.

A copy of the special resolution passed at the general meeting has been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.morningstar.co.uk/uk/NSM.  Details of the number of proxy votes cast for, against and withheld on the resolution will be published on the Company's website, www.capitalgearingtrust.com.

All enquiries:

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