TEM
20/07/2015 08:31
MEETING
NOT PRICE SENSITIVE
REL: 0831 HRS Templeton Emerging Markets Plc
MEETING: TEM: Templeton Emerging Markets Investment Trust PLC
Templeton Emerging Markets Investment Trust PLC
17 July 2015
Result of Annual General Meeting
The Board of Templeton Emerging Markets Investment Trust PLC (the "Company")
announces that at the Annual General Meeting of the Company held on 17 July
2015 all of the resolutions proposed were passed by the requisite majority on
a show of hands other than resolution 15 in respect of which a poll was
called and was passed by the requisite majority on a poll.
Resolution 15:
That, in substitution for any existing authority, the Company be and is
hereby authorised in accordance with Section 701 of the Companies Act 2006 to
make market purchases (within the meaning of Section 693(4) of the Companies
Act 2006) of shares of 25 pence each in the capital of the Company ("shares")
provided that:
(i) the maximum number of shares hereby authorised to be purchased shall not
exceed 14.99 per cent of the shares in issue on 17 July 2015, or 47,569,189
shares, whichever is lower;
(ii) the minimum price which may be paid for a share shall be 25 pence;
(iii) the maximum price which may be paid for a share shall not be more than
the higher of: a) an amount equal to 105 per cent of the average of the
closing mid-market price of shares (as derived from the daily Official List
of the London Stock Exchange) for the five business days immediately
preceding the date of purchase; and b) the amount stipulated by Article 5(1)
of the regulation entitled the "Buy-Back and Stabilisation Regulation"; and
(iv) unless renewed, the authority hereby conferred shall expire on the
conclusion of the Annual General Meeting of the Company to be held in 2015,
save that the Company may, prior to such expiry enter into a contract to
purchase shares which will or may be completed wholly or partly after such
expiry.
The details of the poll were as follows:
Votes for* 112,500,631 (being 99.86% of votes cast**)
Votes against 154,784 (being 0.14% of votes cast**)
Votes withheld*** 12,702,466
Total votes cast 112,655,415 (being 33.77% of the issued shared capital (as
at 15 July 2015))
In accordance with the Listing Rules, copies of the resolutions proposed and
passed as special business have been submitted to the National Storage
Mechanism and will shortly be available for inspection at
www.morningstar.co.uk/uk/NSM.
* Proxy votes granted to the chairman of the meeting at his discretion are
counted as votes "for" the resolution
** Percentages are expressed as a proportion of the total votes cast
(excluding withheld votes)
*** A vote withheld is not a vote in law and is not counted in the
calculation of the votes cast "for" or "against" the resolution
For information please contact Winterflood (Corporate Broker) Neil Langford
on + 44 (0) 20 3100 0160.
END OF ANNOUNCEMENT
End CA:00267141 For:TEM Type:MEETING Time:2015-07-20 08:31:06
