Templeton Emerging Markets IT PLC Proposed Stock Split (9282A)
04 Junio 2021 - 09:27AM
UK Regulatory
TIDMTEM
RNS Number : 9282A
Templeton Emerging Markets IT PLC
04 June 2021
Stock Exchange Announcement
Templeton Emerging Markets Investment Trust PLC
Share Split and Total Voting Rights
Legal Entity Identifier 5493002NMTB70RZBXO96
Templeton Emerging Markets Investment Trust PLC (the 'Company')
today announces further details of the previously announced
sub-division (the 'Share Split') of each ordinary share of 25p each
('Existing Ordinary Share') into 5 ordinary shares of 5p each ('New
Ordinary Shares'), subject to the approval of the Share Split at
the Company's Annual General Meeting ('AGM'), which will be held on
Thursday, 8 July 2021.
The Share Split is also conditional on the New Ordinary Shares
being admitted to the Official List of the Financial Conduct
Authority and to trading on the London Stock Exchange's main market
for listed securities. Applications for such admissions (the
'Admission Applications') are being made and it is expected that
such admissions will become effective, and that dealings in the New
Ordinary Shares will commence, at 8.00am on Monday, 26 July 2021,
at which time the Share Split will become effective. The last day
of trading in the Existing Ordinary Shares is expected to be
Friday, 23 July 2021 and the record date for the Share Split is
6.00pm on that date (the 'Record Date').
Shareholders will receive 5 New Ordinary Shares in exchange for
each Existing Ordinary Share held at the Record Date. CREST
accounts are expected to be credited with New Ordinary Shares on
Monday, 26 July 2021 and share certificates in respect of the New
Ordinary Shares are expected to be posted to shareholders no later
than Monday, 9 August 2021.
The New Ordinary Shares will have a new ISIN and SEDOL, as
follows:
New ISIN: GB00BKPG0S09
New SEDOL: BKPG0S0
The ticker for the New Ordinary Shares will remain the same as
the ticker for the Existing Ordinary Shares (TEM). The New Ordinary
Shares will rank pari passu with each other and will be subject to
the same rights and restrictions as the Existing Ordinary Shares.
Subject to the proposed resolution being approved by shareholders
at the AGM, with effect from such approval each Existing Ordinary
Share will have one vote per share on a poll. Each New Ordinary
Share will also have one vote per share on a poll. A holding of New
Ordinary Shares following the Share Split will represent the same
proportion of the issued ordinary share capital of the Company as
the corresponding holding of Existing Ordinary Shares immediately
prior to the Share Split.
The Company currently has 236,245,731 Existing Ordinary Shares
in issue (20,765,179 of which are held in treasury). On this basis,
in accordance with the Financial Conduct Authority's ('FCA')
Disclosure Guidance and Transparency Rule 5.6, the Company advises
that, following the completion of the Share Split, as at 26 July
2021 the Company will have 1,181,228,655 New Ordinary Shares in
issue (assuming no further shares are issued by the Company prior
to the Share Split).
For New Zealand
In order for the Share Split to be processed and for trading on
the NZX Main Board to continue, a temporary ticker code (TEMZ) with
the new ISIN will be created. (TEMZ) will be used from the
commencement of trading on Thursday, 22 July 2021 until close of
trading on Friday, 23 July 2021. On Monday, 26 July 2021, trading
will resume using the original ticker code (TEM) with the new ISIN
continuing to be used. At this time, trading in the (TEMZ)
temporary ticker code will cease.
Enquiries
For further information please e-mail
temitcosec@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 .
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END
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June 04, 2021 10:27 ET (14:27 GMT)
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