Templeton Emerging Markets Inv Trust (TEM)

Sector:

Investment Firms

Index:

FTSE 250

181.00p
   
  • Change Today:
    -1.00p
  • 52 Week High: 214.40
  • 52 Week Low: 164.60
  • Currency: UK Pounds
  • Shares Issued: 1,181.23m
  • Volume: 1,018,227
  • Market Cap: £2,138.02m
  • RiskGrade: 100

Templeton trust backs performance related tender offer

By Duncan Ferris

Date: Friday 03 May 2019

LONDON (ShareCast) - (Sharecast News) - Templeton Emerging Markets Investment Trust on Friday confirmed its intention to introduce a five-year performance-related conditional tender offer.
The concept, which will be implemented subject to the passing of a continuation vote put to the company's annual general meeting in July, will see the Templeton put forward proposals to shareholders to undertake a tender offer for up to 25% of its issued share capital if its net asset value total return fails to exceed the benchmark total return in the the five-year period to 31 March 2024.

No tender offer will take place if net asset value total return continues to exceed the Templeton's benchmark total return.

The FTSE 250-traded trust said any offer will be at a price equal to the then prevailing net asset value less 2%, and will also be conditional on shareholders approving a continuation vote in 2024 before taking place following the annual general meeting that year.

A statement from the company said the board will recommend that shareholders vote in favour of the resolution, adding that the long-term outlook for Emerging Markets remains "favourable" and that current valuations provide an attractive investment opportunity.

Templeton Emerging Markets' shares were up 0.20% at 783.60p at 0837 BST.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

TEM Market Data

Currency UK Pounds
Share Price 181.00p
Change Today -1.00p
% Change -0.55 %
52 Week High 214.40
52 Week Low 164.60
Volume 1,018,227
Shares Issued 1,181.23m
Market Cap £2,138.02m
RiskGrade 100

TEM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
25.46% below the market average25.46% below the market average25.46% below the market average25.46% below the market average25.46% below the market average
16.84% above the sector average16.84% above the sector average16.84% above the sector average16.84% above the sector average16.84% above the sector average
Price Trend
30.24% below the market average30.24% below the market average30.24% below the market average30.24% below the market average30.24% below the market average
50.14% below the sector average50.14% below the sector average50.14% below the sector average50.14% below the sector average50.14% below the sector average
Income
3.72% below the market average3.72% below the market average3.72% below the market average3.72% below the market average3.72% below the market average
58.37% above the sector average58.37% above the sector average58.37% above the sector average58.37% above the sector average58.37% above the sector average
Growth
31.04% above the market average31.04% above the market average31.04% above the market average31.04% above the market average31.04% above the market average
46.34% above the sector average46.34% above the sector average46.34% above the sector average46.34% above the sector average46.34% above the sector average

TEM Dividends

  Latest Previous
  Final Special
Ex-Div 17-Jun-21 03-Dec-20
Paid 15-Jul-21 11-Jan-21
Amount 14.00p 10.00p

Trades for 24-Sep-2021

Time Volume / Share Price
16:35 25,000 @ 181.00p
16:35 1,055 @ 181.00p
16:35 1,486 @ 181.00p
16:35 1,363 @ 181.00p
16:35 3,206 @ 181.00p

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