Capital Gearing Trust P.l.c. on Tuesday sold 350,000 ordinary shares from its treasury at 527.00 pence per share, the company said in a filing to the London Stock Exchange.
The new shares, issued at a nominal value of 2.5 pence each, rank equally with the trust’s existing ordinary shares in issue. Following the transaction, the trust’s treasury holdings total 108,985,550 ordinary shares.
The total number of ordinary shares in issue, including treasury shares, now stands at 265,802,630. The company’s total voting rights have been updated to 156,817,080, a figure shareholders may use to assess whether they must notify their interest under the Financial Conduct Authority’s Disclosure and Transparency Rules.
Capital Gearing Trust, listed on the London Stock Exchange, did not disclose the purpose of the share sale.
