Capital Gearing Trust P.l.c. – Proposed Share Split

LONDON STOCK EXCHANGE ANNOUNCEMENT

 

Capital Gearing Trust P.l.c.

(the ‘Company’)

Proposed Share Split

 
 
 
 
 
 
 

4 June 2026

Legal Entity Identifier:
 
213800T2PJTPVF1UGW53

As reported in the annual results published today,
 
the Company announces that Shareholders will be requested at the forthcoming Annual General Meeting to be held on
 
8 July 2026
 
(the
 
“AGM”) to approve the
 
sub-division (the “Share Split”) of the Ordinary Shares of
 
25 pence
 
each (each an
 
“Existing Ordinary Share”) into 10 new Ordinary Shares of
 
2.5 pence
 
each (each a
 
“New Ordinary Share”). The
 
Share Split
 
is intended to assist monthly savers, those who reinvest their dividends and those who are looking to invest smaller amounts. The Directors believe that the Share Split may also improve the liquidity of the Company’s shares, which would benefit all Shareholders.

The Share Split requires the approval of Shareholders and, accordingly, resolution 11 at the AGM seeks such approval. The Share Split is also conditional on the New Ordinary Shares being admitted to the Official List of the Financial Conduct Authority and to trading on the main market of the London Stock Exchange. Applications for such admissions will be made and, if they are accepted, it is proposed that the last day of dealings in the Existing Ordinary Shares will be 22 July 2026 (with the record date for the Share Split being 6.00pm on that date) and that dealings in the New Ordinary Shares will commence on 23 July 2026. If resolution 11 is passed at the AGM, the Share Split will become effective on admission of the New Ordinary Shares to the Official List, which is expected to be at 8.00am on 23 July 2026.

The New Ordinary Shares will have a new ISIN and SEDOL as follows:

New ISIN: GB00BT66KP92

 
New SEDOL: BT66KP9

The ticker for the New Ordinary Shares will remain the same as the ticker for the Existing Ordinary Shares (CGT).

Following the Share Split, each shareholder will hold 10 New Ordinary Shares for each Existing Ordinary Share they held immediately prior to the Share Split. Whilst the Share Split will increase the number of Ordinary Shares the Company has in issue, upon the Share Split becoming effective the net asset value, share price and dividend per share can be expected to become one-tenth of their respective values immediately preceding the Share Split. A holding of New Ordinary Shares following the Share Split will represent the same proportion of the issued Ordinary Share capital of the Company as the corresponding holding of Existing Ordinary Shares immediately prior to the Share Split. The Share Split will not affect, therefore, the overall value of a shareholder’s holding in the Company.

The New Ordinary Shares will rank

pari passu

with each other and will carry the same rights and be subject to the same restrictions as the Existing Ordinary Shares, including the same rights to participate in dividends paid by the Company. Communication preferences and mandates and other instructions for the payment of dividends in paper form or via CREST will, unless and until revised, continue to apply to the New Ordinary Shares.

Expected Timetable

-ENDS-

Frostrow Capital LLP

Company Secretary

For further information contact:

CG Asset Management Limited

Investment Manager

Tel:
 
020 3906 1649

Frostrow Capital LLP

Company Secretary

company.secretary@capitalgearingtrust.com

company.secretary@capitalgearingtrust.comTel: 07376 982071

SEC Newgate UK

Financial Communications

cgam-cgt@secnewgate.co.uk

Tel: 020 3757 6882