Templeton Emerging Markets IT PLC Result of AGM (4857U)
July 12 2018 - 7:18AM
UK Regulatory
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
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
RAGFKBDDBBKDPOD
(END) Dow Jones Newswires
July 12, 2018 08:18 ET (12:18 GMT)
Templeton Emerging Marke... (LSE:TEM)
Historical Stock Chart
From Apr 2024 to May 2024
Templeton Emerging Marke... (LSE:TEM)
Historical Stock Chart
From May 2023 to May 2024