TIDMCGT 
 
LEI:213800T2PJTPVF1UGW53 
 
From:Capital Gearing Trust P.l.c. 
 
Date:22 January 2024 
 
Update on Share Premium Account Cancellation 
 
As first announced on 31 October 2023, the discount control policy ("DCP") 
operated by Capital Gearing Trust P.l.c. (the "Company"), which aims to ensure, 
in normal market conditions, that the ordinary shares trade consistently close 
to their net asset value per share, has been constrained because of the 
Company's limited distributable reserves available to effect share buybacks. 
 
The High Court of Justice in Northern Ireland (the "Court") has today approved 
the cancellation of the amount of £1.1 billion standing to the credit of the 
Company's share premium account and the crediting of an equivalent amount to the 
Company's distributable reserves. 
 
The Order of the Court approving the cancellation (the "Order") will only become 
effective once it has been registered with the Registrar of Companies in 
Northern Ireland. The Order is in the process of being submitted for filing with 
the Registrar of Companies and is expected to be registered shortly. 
 
The Board will make a further announcement to the market in due course to 
confirm the date on which the current operational restrictions on share buybacks 
under the DCP will be lifted. 
 
All enquiries: 
 
Juniper Partners Limited 
 
Company Secretary 
 
Tel: 0131 378 0500 
 
Email: company.secretary@capitalgearingtrust.com 
 
 
This information was brought to you by Cision http://news.cision.com 
 
 
END

(END) Dow Jones Newswires

January 22, 2024 10:25 ET (15:25 GMT)

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