Annual General Meeting 2020

Annual General Meeting

The AGM will be held on Thursday 9 July 2020 at Cannon Place, 78 Cannon Street, London, EC4N 6HL. The health of the Company’s shareholders, as well as all attendees to the Annual General Meeting is very important. Due to the current pandemic situation and the restrictions on travel and social contact, this year the Board is asking that shareholders do not attend the Annual General Meeting. There is a webinar scheduled for the 26 June 2020 (please see further down the page for registration details) which will provide a presentation from the Investment Managers. The Board encourages shareholders to submit their proxies as early as possible, to enable all votes to be counted, and to follow all government guidance. Please submit questions prior to the Annual General Meeting by emailing them to enquiries@franklintempleton.co.uk. The answers to questions raised by shareholders will be provided on our website together with the Investment Manager’s presentation.

Why Templeton Emerging Markets Investment Trust?

Invest in Templeton Emerging Markets Investment Trust (TEMIT) and you access the dynamic growth potential of companies from some of the world’s fastest advancing economies such as China, Mexico, Taiwan and India.

By combining household names such as Samsung alongside lesser-known small- and medium-sized emerging market companies from around the world, our professional investment managers seek to grow your investment over the long term while managing risk.

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TEMIT Annual Report 2020

Download the Templeton Emerging Markets Investment Trust Annual Report for 2020.

AGM Agenda

Ordinary Business

  • It is proposed to receive and adopt the Directors’ and Auditor’s Report and Financial Statements for the year ended 31 March 2020. The formal business of the Meeting will begin with a resolution to lay before shareholders the 2020 Annual Report. The 2020 Annual Report is available to view here.
  • It is proposed to approve the Directors’ Remuneration Policy.
  • It is proposed to approve the Directors’ Remuneration Report for the year ended 31 March 2020.
  • It is proposed to declare a final ordinary dividend of 14.00 pence per share, payable on 17 July 2020 to shareholders on the register as at close of business on 12 June 2020.
  • It is proposed to re-elect all independent Directors. Gregory Johnson will not stand for re-election.
  • It is proposed to re-appoint Ernst & Young LLP as auditor of the Company, and to authorise the Directors to determine the auditor’s remuneration.

Special Business

  • Authority for the Allotment of New Shares
  • Authority to Purchase Own Shares
  • Articles of Association

For more information on all of the above business, please review the Annual Report 2020.

Announcements

2020 Annual General Meeting Literature

The voting results showed that shareholders voted in favour of all resolutions. Details of the voting can be found below:

Expand All | Collapse All

  • Resolution No.Short DescriptionVotes for (including votes at the discretion of the ChairmanVotes AgainstTotal Votes Cast% of Issued Share Capital VotedVotes Withheld
    1 “To receive and adopt the Directors’ and Auditor's Reports and Financial Statements for the year ended 31 March 2020” 155,339,725 (99.05%) 1,483,735 (0.95%) 156,823,460 65.35 21,022
    2 “To approve the Directors’ Remuneration Policy 156,547,651 (99.88%) 192,243 (0.12%) 156,739,894 65.31 104,588
    3 To approve the Directors’ Remuneration Report for the year ended 31 March 2020 156,571,074 (99.89%) 180,134 (0.11%) 156,751,208 65.32 93,274
    4 "To declare a final dividend of 14.00 pence per share for the year ended 31 March 2020” 156,831,962 (100%) 176 (0.00%) 156,832,138 65.35 12,344
    5.1 "To re-elect Paul Manduca as a Director” 142,915,293 (92.96%) 10,821,822 (7.04%) 153,737,115 64.06 3,107,367
    5.2 “To re-elect Beatrice Hollond as a Director” 156,287,676 (99.68%) 505,074 (0.32%) 156,792,750 65.34 51,732
    5.3 “To re-elect Charlie Ricketts as a Director” 156,222,918 (99.64%) 566,123 (0.36%) 156,789,041 65.33 55,441
    5.4 “To re-elect David Graham as a Director” 156,287,987 (99.68%) 504,560 (0.32%) 156,792,547 65.34 51,935
    5.5 “To re-elect Simon Jeffreys as a Director” 151,737,060 (96.78%) 5,051,369 (3.22%) 156,788,429 65.33 56,053
    6 “To re-appoint Ernst & Young 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” 156,634,242 (99.89%) 171,734 (0.11%) 156,805,976 65.34 38,505
    7 “To authorise the Directors to determine the auditor's remuneration” 156,734,031 (99.96%) 61,464 (0.04%) 156,795,495 65.34 48,987
    Special Business - Ordinary Resolution
    8 “To authorise the Directors to allot shares” 153,916,672 (98.15%) 2,896,184 (1.85%) 156,812,856 65.34 31,626
    Special Resolutions
    9 “To disapply pre-emption rights in relation to the allotment of shares by the Directors” 143,408,560 (91.88%) 12,667,544 (8.12%) 156,076,104 65.04 768,378
    10 “To authorise the Company to purchase its own shares” 155,962,175 (99.45%) 859,853 (0.55%) 156,822,028 65.35 22,454
    11 “That the Articles of Association produced to the Meeting and initialled by the Chairman of the Meeting for the purpose of identification be adopted as the new Articles of Association of the Company in substitution for, and to the exclusion of, the existing Articles of Association.” 156,641,550 (99.90%) 152,548 (0.10%) 156,794,098 65.34 50,384
    12 “That a General Meeting, other than an Annual General Meeting, may be called on not less than 14 clear days’ notice” 155,380,261 (99.08%) 1,441,162 (0.92%) 156,821,423 65.35 23,059

TEMEPLETON EMERGING MARKETS INVESTMENT TRUST WEBINAR

Chetan Sehgal, lead portfolio manager for the Templeton Emerging Markets Investment Trust (TEMIT), and Andrew Ness, portfolio manager for TEMIT, gave an update on the current portfolio along with their views on the environment within emerging markets. They also answered investor questions.

Portfolio Management Team