Company Announcements

CAPITAL GEARING TRUST P.L.C.

(the "Company")

Results of the Annual General Meeting

The Board is pleased to announce that at the Annual General Meeting (AGM) of the Company held on Tuesday, 2 July 2024 all resolutions as detailed below were duly passed by shareholders on a poll. 

Resolutions     Votes For %     Votes Against %    Total Votes VotesWithheld*
                                                   Cast

1. To receive
the audited
financial
statements and
the directors   6,110,544 99.99 713           0.01 6,111,257   5,239
and auditors
reports thereon
for the year
ended 31 March
2024.

2. To approve
the Directors'
Remuneration    6,061,887 99.30 42,857        0.70 6,104,744   11,752
Report for the
year ended 31
March 2024.

3. To declare a
final dividend
for the year
ended 31 March  6,110,832 99.99 675           0.01 6,111,507   4,989
2024 of 78
pence per
Ordinary share.

4. To re-elect
Jean Matterson  6,084,243 99.70 18,563        0.30 6,102,806   13,690
as a Director.

5. To elect
Ravi Anand as a 6,080,102 99.62 22,904        0.38 6,103,006   13,490
Director.

6. To re-elect
Wendy Colquhoun 6,087,624 99.75 15,382        0.25 6,103,006   13,490
as a Director.

7. To re-elect
Paul Yates as a 6,088,164 99.78 13,309        0.22 6,101,473   15,023
Director.

8. To
re-appoint BDO  6,097,803 99.83 10,306        0.17 6,108,109   8,387
LLP as auditor.

9. To authorise
the Directors
to determine    6,106,019 99.96 2,432         0.04 6,108,451   8,045
the
remuneration of
the auditors.

10. To
authorise the
Directors to    6,104,674 99.91 5,377         0.09 6,110,051   6,445
allot shares in
the Company.

11#. To
authorise the
Directors to
disapply
pre-emption     5,801,751 94.97 307,318       5.03 6,109,069   7,427
rights in
relation to the
allotment of
shares.

12#. To
authorise the
Company to make
market          5,895,206 96.44 217,481       3.56 6,112,687   3,809
purchases of
Ordinary shares
in the Company.

13#. That the
Directors be
permitted to
hold General
Meetings        6,086,710 99.63 22,860        0.37 6,109,570   6,926
(excluding the
AGM) on not
less than 14
clear days'
notice.

# - Special Resolution

* Please note that a `vote withheld' is not a vote in law and is not counted in the calculation of the proportion of votes `For' and `Against' a resolution.

Any proxy votes which are at the discretion of the Chairman have been included in the "For" total.

At the date of the AGM, the total number of voting rights was 20,839,608.

The proxy voting figures will shortly be made 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 will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .  The special business resolutions will also be filed at Companies House.

2 July 2024

For further information please contact:

        Katherine Manson Frostrow Capital LLP - Company Secretary 020 3709 8734