Company Announcements

Capital Gearing Trust P.l.c. - Result of AGM

    LONDON STOCK EXCHANGE ANNOUNCEMENT  

 

CAPITAL GEARING TRUST P.L.C.

(the `Company')

 

Results of the Annual General Meeting (`AGM')

 

Legal Entity Identifier:   213800T2PJTPVF1UGW53

Information disclosed in accordance with UK Listing Rule 9.6.18

 

The Board is pleased to announce that at the AGM of the Company held on Thursday, 3 July 2025 all resolutions as detailed below were duly passed by shareholders on a poll.  

 

 ______________________________________________________________________________
|                |         |     |             |    |                |Votes    |
|Resolutions     |Votes For|%    |Votes Against|%   |Total Votes Cast|         |
|                |         |     |             |    |                |Withheld*|
|________________|_________|_____|_____________|____|________________|_________|
|1. To receive   |         |     |             |    |                |         |
|the audited     |         |     |             |    |                |         |
|financial       |         |     |             |    |                |         |
|statements and  |         |     |             |    |                |         |
|the directors   |5,019,228|99.98|1,002        |0.02|5,020,230       |10,047   |
|and auditors    |         |     |             |    |                |         |
|reports thereon |         |     |             |    |                |         |
|for the year    |         |     |             |    |                |         |
|ended 31 March  |         |     |             |    |                |         |
|2025.           |         |     |             |    |                |         |
|________________|_________|_____|_____________|____|________________|_________|
|2. To approve   |         |     |             |    |                |         |
|the Directors'  |         |     |             |    |                |         |
|Remuneration    |4,991,189|99.46|27,308       |0.54|5,018,497       |11,780   |
|Report for the  |         |     |             |    |                |         |
|year ended 31   |         |     |             |    |                |         |
|March 2025.     |         |     |             |    |                |         |
|________________|_________|_____|_____________|____|________________|_________|
|3. To approve   |         |     |             |    |                |         |
|the Directors'  |4,993,260|99.50|25,022       |0.50|5,018,282       |11,995   |
|Remuneration    |         |     |             |    |                |         |
|Policy Report.  |         |     |             |    |                |         |
|________________|_________|_____|_____________|____|________________|_________|
|4. To declare a |         |     |             |    |                |         |
|final dividend  |         |     |             |    |                |         |
|for the year    |         |     |             |    |                |         |
|ended 31 March  |5,021,538|99.98|877          |0.02|5,022,415       |7,862    |
|2025 of 102     |         |     |             |    |                |         |
|pence per       |         |     |             |    |                |         |
|Ordinary share. |         |     |             |    |                |         |
|________________|_________|_____|_____________|____|________________|_________|
|5. To re-appoint|         |     |             |    |                |         |
|Ravi Anand as a |5,003,480|99.91|4,430        |0.09|5,007,910       |22,367   |
|Director.       |         |     |             |    |                |         |
|________________|_________|_____|_____________|____|________________|_________|
|6. To re-appoint|         |     |             |    |                |         |
|Wendy Colquhoun |5,000,901|99.86|7,009        |0.14|5,007,910       |22,367   |
|as a Director.  |         |     |             |    |                |         |
|________________|_________|_____|_____________|____|________________|_________|
|7. To appoint   |         |     |             |    |                |         |
|Karl Sternberg  |4,919,927|98.24|87,983       |1.76|5,007,910       |22,367   |
|as a Director.  |         |     |             |    |                |         |
|________________|_________|_____|_____________|____|________________|_________|
|8. To re-appoint|         |     |             |    |                |         |
|Paul Yates as a |5,002,439|99.89|5,471        |0.11|5,007,910       |22,367   |
|Director.       |         |     |             |    |                |         |
|________________|_________|_____|_____________|____|________________|_________|
|9. To appoint   |         |     |             |    |                |         |
|Theo Zemek as a |5,005,102|99.94|2,796        |0.06|5,007,898       |22,379   |
|Director.       |         |     |             |    |                |         |
|________________|_________|_____|_____________|____|________________|_________|
|10. To          |         |     |             |    |                |         |
|re-appoint BDO  |5,005,928|99.76|12,123       |0.24|5,018,051       |12,226   |
|LLP as auditor. |         |     |             |    |                |         |
|________________|_________|_____|_____________|____|________________|_________|
|11. To authorise|         |     |             |    |                |         |
|the Directors to|         |     |             |    |                |         |
|determine the   |5,016,516|99.95|2,662        |0.05|5,019,178       |11,099   |
|remuneration of |         |     |             |    |                |         |
|the auditors.   |         |     |             |    |                |         |
|________________|_________|_____|_____________|____|________________|_________|
|12. To increase |         |     |             |    |                |         |
|the aggregate   |         |     |             |    |                |         |
|limit on        |         |     |             |    |                |         |
|Directors'      |4,971,213|99.15|42,857       |0.85|5,014,070       |16,207   |
|remuneration    |         |     |             |    |                |         |
|from £230,000 to|         |     |             |    |                |         |
|£250,000 per    |         |     |             |    |                |         |
|annum.          |         |     |             |    |                |         |
|________________|_________|_____|_____________|____|________________|_________|
|13. To authorise|         |     |             |    |                |         |
|the Directors to|5,007,393|99.74|13,173       |0.26|5,020,566       |9,711    |
|allot shares in |         |     |             |    |                |         |
|the Company.    |         |     |             |    |                |         |
|________________|_________|_____|_____________|____|________________|_________|
|14#. To         |         |     |             |    |                |         |
|authorise the   |         |     |             |    |                |         |
|Directors to    |         |     |             |    |                |         |
|disapply        |         |     |             |    |                |         |
|pre-emption     |4,849,838|96.57|172,058      |3.43|5,021,896       |8,381    |
|rights in       |         |     |             |    |                |         |
|relation to the |         |     |             |    |                |         |
|allotment of    |         |     |             |    |                |         |
|shares.         |         |     |             |    |                |         |
|________________|_________|_____|_____________|____|________________|_________|
|15#. To         |         |     |             |    |                |         |
|authorise the   |         |     |             |    |                |         |
|Company to make |         |     |             |    |                |         |
|market purchases|4,871,480|97.01|150,228      |2.99|5,021,708       |8,569    |
|of Ordinary     |         |     |             |    |                |         |
|shares in the   |         |     |             |    |                |         |
|Company.        |         |     |             |    |                |         |
|________________|_________|_____|_____________|____|________________|_________|
|16#. That the   |         |     |             |    |                |         |
|Directors be    |         |     |             |    |                |         |
|permitted to    |         |     |             |    |                |         |
|hold General    |         |     |             |    |                |         |
|Meetings        |5,001,988|99.67|16,605       |0.33|5,018,593       |11,684   |
|(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 17,314,201.

 

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

   

In accordance with UK 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.

 

3 July 2025

 

For further information please contact:

 

Frostrow Capital LLP

Company Secretary

company.secretary@capitalgearingtrust.com

Tel:   +44   (0)203   709   2481