REG-Capital Gearing Trust P.l.c.: Publication of Circular and Notice of General Meeting

Capital Gearing TrustAnnouncement

02/04/2026 07:02

LONDON STOCK EXCHANGE ANNOUNCEMENT

Capital Gearing Trust P.l.c.

(the ‘Company’)

 

Publication of Circular and Notice of General Meeting

 

Renewal of share buy-back authority

 

2 April 2026

 

Legal Entity Identifier: 213800T2PJTPVF1UGW53

 

The Board of Directors of the Company (the "                     Board        
           ") announces that it is today publishing a shareholder circular
(the "                     Circular                    "), which contains a
notice of a general meeting (the "                     General Meeting        
           "), at which the Board is seeking Shareholders' approval to renew  
                  the                     Company's buy-back authority in
order to support the continued operation of the Company's discount / premium
control policy (the “                     DCP                    ”).

 

The General Meeting will be held at                     the offices of
Frostrow Capital LLP, 25                     Southampton Buildings,         
           London                     WC2A 1AL, at                    
11.00 a.m. on Tuesday 28 April 2026.

 

The DCP aims to purchase or issue Ordinary Shares to ensure, in normal market
conditions, that the Ordinary Shares trade consistently close to their
underlying net asset value ("                     NAV                    ")
per share.

 

At the Company’s 2025 annual general meeting (the "                     2025
AGM                    "), Shareholders granted the Company authority to buy
back up to 2,595,398 Ordinary Shares (representing 14.99 per cent. of the
issued share capital of the Company (excluding Treasury shares) as at the date
of the 2025 AGM). Since the 2025 AGM, and as at the Latest Practicable Date,
the Company has bought back 1,617,111 Ordinary Shares for a total
consideration of £79.2 million, utilising a significant portion of this
authority.

 

To avoid a situation arising whereby the existing buy-back authority is fully
utilised prior to the Company's next annual general meeting, resulting in the
Board being unable to implement its DCP, the Board believes that it is in the
best interests of the Company and its Shareholders for the buy-back authority
to be renewed prior to the next annual general meeting. Accordingly, the Board
has convened the General Meeting in order to seek the authority of
Shareholders to renew the Company's authority to make market purchases of its
Ordinary Shares.

 

Timetable

                                                                                  
 Latest time and date for receipt of forms of proxy  11.00 a.m. on 24 April 2026  
 General Meeting                                     11.00 a.m. on 28 April 2026  

 

A copy                     of the Circular will be submitted to the National
Storage Mechanism and will shortly be available for inspection at            
                                           
https://data.fca.org.uk/#/nsm/nationalstoragemechanism                        
                  . The Circular and the Notice of the General Meeting will
also be made available shortly on the Company's website at                   
                                     www.capitalgearingtrust.com

 

Unless otherwise defined, all definitions used in this announcement have the
same meanings as described in the Circular.

 

-ENDS-

For further information please contact:

Frostrow Capital LLP - Company Secretary          
          Alison Vincent          
          0203 709 2481

company.secretary@capitalgearingtrust.com                                  

 



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