The Board of Capital Gearing Trust P.l.c. announced the appointment of Paul Yates as a non-executive Director of the Company with effect from 2 December 2019. Paul Yates is Chairman of the Advisory Board of 33 St James’s Limited and is a non-executive director of Fidelity European Values PLC, The Merchants Trust PLC and Witan Investment Trust PLC. His extensive career in investment management began at Samuel Montagu & Co in 1980. He joined Phillips and Drew in 1985, being the year that it was acquired by UBS.