TIDMCGT 
 
Capital Gearing Trust P.l.c. (the "Company") 
 
To:                          PR Newswire 
 
From:                     Capital Gearing Trust P.l.c. 
 
LEI:                        213800T2PJTPVF1UGW53 
 
Date:                       8 June 2021 
 
Discount Control Policy Update 
 
Under the Company's discount and premium control policy (the "DCP"), the 
Company aims to purchase or issue shares to ensure, in normal market 
conditions, that the shares trade consistently close to their underlying net 
asset value per share. Due to continuing high demand for the Company's shares, 
the relevant prospectus limits and existing issuance authorities required to 
operate this policy are close to being exhausted.  The Company's ability to 
issue new shares under the DCP will therefore be limited and only a restricted 
number of shares will be available for issue each day until (i) a prospectus in 
relation to the issuance of further shares has been published (and the Company 
expects to publish this ahead of the AGM); and (ii) the relevant issuance 
authorities have been approved by shareholders at the upcoming AGM on 6 July 
2021. 
 
Following the publication of the prospectus and the renewal of the relevant 
issuance authorities the Board expects to resume the normal operation of the 
DCP. In the meantime, if daily demands for the Company's shares remain high, 
these may not be capable of being met in full through the issuance of new 
shares by the Company. The Company's ability to buy back shares under the DCP 
is unaffected. 
 
Juniper Partners Limited 
 
Company Secretary 
 
Email: company.secretary@capitalgearingtrust.com 
 
This announcement has been determined to contain inside information for the 
purposes of the UK version of the market abuse regulation (EU) No.596/2014. 
 
 
 
END 
 
 

(END) Dow Jones Newswires

June 08, 2021 10:08 ET (14:08 GMT)

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