RNS Number:7268O
Private Investors Capital Trust PLC
15 August 2003



Private Investors Capital Trust has today posted the Annual Report for the year
ended 31st May 2003 to shareholders.

The Annual General Meeting will be held on 19th September 2003. In the statement
released with the announcement of the preliminary results for the year ended
31st May 2003, the Board proposed that shareholders should have the opportunity
every three years to vote for the continuation of the company, with the first
such vote being proposed for the Annual General Meeting in 2005.

Following consultation with major shareholders the Board has decided to amend
the terms of the continuation vote proposals such that the first vote will take
place at the Annual General Meeting to be held in 2004 and a continuation vote
will be held annually thereafter.




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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