Second Interim Distribution

RNS Number : 8754Y

Templeton Emerging Markets IT PLC

11 July 2008

 

11 July 2008

Templeton Emerging Markets Investment Trust PLC

("TEMIT" or the "Company")

Second interim distribution to Exiting Shareholders

Pursuant to the Tender Offer, the Board announces that a second interim distribution, of 50p per Exit Share, is expected to be made to Exiting Shareholders today (11 July 2008).  This second interim distribution brings the total distribution to date (11 July 2008) to 407p per Exit Share. 

Forms of payment for Exiting Shareholders are as follows:

• Exiting Shareholders who held Shares in uncertificated form in CREST will be paid the consideration through CREST later today (11 July 2008) in favour of the Exiting Shareholders' payment bank in accordance with the CREST payment arrangement. 

• Exiting Shareholders who held Shares in certificated form will receive a cheque for the consideration from the Registrars by first class post to the address written in Box 1 (or, if relevant, Box 5A) of their Tender Form or, in the case of joint holders, the address of the first named or, to the registered address of the Exiting Shareholder. Cheques are expected to be posted today (11 July 2008).

• Exiting Shareholders who held Shares through the Templeton Investment Plan will receive a cheque for the consideration from the Registrars by first class post to their registered address or, in the case of joint holders, the address of the first named. Cheques are expected to be posted today (11 July 2008).

• Exiting Shareholders who held Shares on the New Zealand Branch Register will receive a cheque in New Zealand dollars from the New Zealand Registrar to their registered address or, in the case of joint holders, the address of the first named. Cheques are expected to be posted today (11 July 2008).

The Board expects to make the final distribution to Exiting Shareholders by the end of July 2008. However, as described in paragraph 5 of Part 1 of the Circular to Shareholders dated 20 May 2008, the Company reserves the right, if the Board considers it to be in the interests of Shareholders as a whole, to defer the realisation of the Tender Pool assets.

Defined terms in this announcement have the same meaning as in the Circular to Shareholders dated 20 May 2008.

Enquiries

Templeton Emerging Markets Investment Trust PLC:                [phone]

Sara MacIntosh

ING Corporate Finance (Financial Adviser):                                  [phone]

William Marle

Francis Moore

UBS (Corporate Broker):                                                                  [phone]

Joe Winkley

Lansons:                                    

Tony Langham                                                                                    [phone]

David Masters                                                                                    [phone]

This announcement has been approved solely for the purposes of Section 21 of the Financial Services and Markets Act 2000 by ING Corporate Finance, the corporate finance division of ING Bank N.V., London Branch, and UBS Limited.

ING Corporate Finance and UBS are acting exclusively for the Company and no one else in relation to the matters described in this announcement and will not be responsible to anyone other than TEMIT for providing the protections afforded to clients of ING Corporate Finance and UBS or for giving advice in relation to this announcement or any transaction or arrangement referred to herein. ING Bank N.V., London Branch is authorised by the Dutch Central Bank. UBS is authorised by the Financial Services Authority. ING Bank N.V., London Branch, and UBS Limited are regulated by the Financial Services Authority for the conduct of business in the United Kingdom.

This announcement does not constitute an offer or form any part of any offer or invitation to sell or issue or purchase or subscribe for any shares in TEMIT.

 

END

 

 

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