Templeton Emerging Markets IT PLC Result of AGM (4857U)

TIDMTEM

RNS Number : 4857U

Templeton Emerging Markets IT PLC

12 July 2018

Templeton Emerging Markets Investment Trust PLC

12 July 2018

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 12 July 2018, all of the following resolutions were passed by the requisite majority.

1. To receive and adopt the Directors' and Auditor's Reports and financial statements for the year ended 31 March 2018.

   2.      To approve the Directors' Remuneration Report for the year ended 31 March 2018. 
   3.      To declare a dividend of 15.00 pence per share for the year ended 31 March 2018. 
   4.      To elect Charlie Ricketts as a Director. 
   5.      To re-elect David Graham as a Director. 
   6.      To re-elect Paul Manduca as a Director. 
   7.      To re-elect Beatrice Hollond as a Director. 
   8.      To re-elect Simon Jeffreys as a Director. 
   9.      To re-elect Gregory E Johnson as a Director. 

10. To re-appoint Deloitte LLP as auditor of the Company, to act until the conclusion of the next general meeting of the Company at which audited accounts are laid before the members.

   11.   To authorise the Directors to determine the auditor's remuneration. 

12 To renew the Directors' authority to allot equity securities (within the limits set out in the notice of the meeting).

13. To renew the Directors' authority to allot equity securities and/or to sell equity securities head as treasury shares up to an aggregate nominal amount of GBP GBP3,354,093 (within the limits set out in the notice of the meeting).

14. To renew the Directors' authority to make market purchases of its ordinary shares (within the limits set out in the notice of the meeting).

15. That the period of notice required for general meetings of the Company (other than AGMs) shall be no less than 14 clear days.

Resolutions 1 - 15 were passed on a show of hands. A breakdown of the proxy votes registered is shown below.

 
 Resolution             Votes for (including   Votes Against   Votes Withheld 
                         votes at the 
                         discretion of 
                         the Chairman) 
 Ordinary Resolutions 
                       ---------------------  --------------  --------------- 
 1                                    139.7m            9.6k            39.7k 
                       ---------------------  --------------  --------------- 
 2                                    139.4m          226.4k           130.8k 
                       ---------------------  --------------  --------------- 
 3                                    139.8m            1.8k            32.1k 
                       ---------------------  --------------  --------------- 
 4                                    139.6m           25.8k           163.9k 
                       ---------------------  --------------  --------------- 
 5                                    134.3m            5.4m            86.1k 
                       ---------------------  --------------  --------------- 
 6                                    131.9m            6.6m             1.3m 
                       ---------------------  --------------  --------------- 
 7                                    130.7m              9m            93.6k 
                       ---------------------  --------------  --------------- 
 8                                    136.1m            3.6m            87.1k 
                       ---------------------  --------------  --------------- 
 9                                    102.6m           37.1m           103.8k 
                       ---------------------  --------------  --------------- 
 10                                   138.2m           93.6k             1.5m 
                       ---------------------  --------------  --------------- 
 11                                   139.7m           24.1k            48.6k 
                       ---------------------  --------------  --------------- 
 12                                   139.6m          127.4k            35.7k 
                       ---------------------  --------------  --------------- 
 Special Resolutions 
                       ---------------------  --------------  --------------- 
 13                                   139.6m          148.4k            78.6k 
                       ---------------------  --------------  --------------- 
 14                                   139.6m          235.6k             9.2k 
                       ---------------------  --------------  --------------- 
 15                                   138.1m            1.7m            28.9k 
                       ---------------------  --------------  --------------- 
 

The Company notes the outcome of the shareholder vote on resolution 9 regarding the re-election of Gregory E Johnson as a director, in which a substantial minority of proxy votes against Mr Johnson's re-election were submitted. The Board understands that some shareholders have a policy of voting against re-election of any non-independent directors of investment trusts. The independent directors remain of the view that Mr Johnson makes an important contribution to the Company.

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.

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

END OF ANNOUNCEMENT

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July 12, 2018 08:18 ET (12:18 GMT)