Transaction in Own Shares

RNS Number : 1454T

Templeton Emerging Markets IT PLC

29 June 2018

 

Stock Exchange Announcement

Templeton Emerging Markets Investment Trust PLC ("the Company")

Transaction in Own Shares

Legal Entity Identifier 5493002NMTB70RZBXO96

The Company announces that, on 29 June 2018, it purchased into Treasury 150,000 ordinary shares of 25 pence each in the Company ("Shares") at a price of 702.68 pence per Share. Following this transaction, the Company holds 13,545,853 Shares in Treasury. The Company will only re-issue shares held in Treasury at a premium to net asset value.

Following this transaction, the Company's share capital consists of 264,373,100 Shares in issue and 13,545,853 Shares held in Treasury. Therefore, the total number of voting rights in the Company is 264,373,100. In order to protect the interests of existing shareholders, shares held in treasury will only be reissued at a price above the prevailing NAV per share at the time of reissue.

This figure (264,373,100) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

In accordance with DTR 5.5.1, the 13,545,853 Shares held in Treasury as a percentage of the total voting rights in the Company is 5.12%. Shares held in Treasury are excluded from the total voting rights figure.  

For information please contact Winterflood (Corporate Broker) Neil Langford on + 44 (0) 20 3100 0160.

 

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