Regulatory Story
Go to market news section View chart   Print
RNS

Updateon2019 AnnualGeneralMeeting Resolution Votes

Released 15:53 08-Jan-2020

RNS Number : 2003Z
Templeton Emerging Markets IT PLC
08 January 2020
 

Stock Exchange Announcement

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

Update on 2019 Annual General Meeting ("AGM") Resolution Votes

Legal Entity Identifier 5493002NMTB70RZBXO96

 

 

 

As required by Provision 4 of the AIC Corporate Governance Code, on 11 July 2019 TEMIT announced that all resolutions were passed at its Annual General Meeting on that day. The total votes in favour of Resolution 8 concerning the re-election of Gregory Johnson were 74.93%.

 

In view of the 25.07% vote against Mr Johnson's re-election, the Chairman of the Board subsequently engaged with those shareholders who had voted against Mr Johnson's re-election in order to better understand the rationale behind their votes. The primary feedback received by the Board is that some shareholders have a general policy of voting against the re-election of any non-independent Directors of investment trusts.  

 

The Board acknowledges the position of some shareholders in re-electing a non-independent Director. It takes this matter seriously and, as such, it will give the views expressed further consideration.

 

The Company will continue to consult with shareholders on this matter and will provide a further update, as appropriate, in the next Annual Report for the year to 31 March 2020.

 

For further information please e-mail CompanySecretarialEdinburgh@franklintempleton.com or contact Client Dealer Services at Franklin Templeton on free phone 0800 305 306, +44 (0) 20 7073 8690 for overseas investors, or e-mail enquiries@franklintempleton.co.uk.

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
MSCEASFPESEEEFA
Close


London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

 


Updateon2019 AnnualGeneralMeeting Resolution Votes - RNS