Templeton Emerging Markets Inv Trust (TEM)

Sector:

Investment Firms

Index:

FTSE 250

154.40p
   
  • Change Today:
      0.60p
  • 52 Week High: 154.84
  • 52 Week Low: 141.00
  • Currency: UK Pounds
  • Shares Issued: 1,114.82m
  • Volume: 1,986,102
  • Market Cap: £1,721.28m
  • 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 154.40p
Change Today 0.60p
% Change 0.39 %
52 Week High 154.84
52 Week Low 141.00
Volume 1,986,102
Shares Issued 1,114.82m
Market Cap £1,721.28m
RiskGrade 100

TEM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
53.04% below the market average53.04% below the market average53.04% below the market average53.04% below the market average53.04% below the market average
7.07% below the sector average7.07% below the sector average7.07% below the sector average7.07% below the sector average7.07% below the sector average
Price Trend
52.57% above the market average52.57% above the market average52.57% above the market average52.57% above the market average52.57% above the market average
48.95% above the sector average48.95% above the sector average48.95% above the sector average48.95% above the sector average48.95% above the sector average
Income
22.57% below the market average22.57% below the market average22.57% below the market average22.57% below the market average22.57% below the market average
54.67% above the sector average54.67% above the sector average54.67% above the sector average54.67% above the sector average54.67% above the sector average
Growth
40.75% above the market average40.75% above the market average40.75% above the market average40.75% above the market average40.75% above the market average
42.76% above the sector average42.76% above the sector average42.76% above the sector average42.76% above the sector average42.76% above the sector average

TEM Dividends

  Latest Previous
  Interim Final
Ex-Div 14-Dec-23 22-Jun-23
Paid 26-Jan-24 28-Jul-23
Amount 2.00p 3.00p

Trades for 28-Mar-2024

Time Volume / Share Price
16:36 300,000 @ 154.46p
16:35 60,410 @ 154.40p
16:35 5,319 @ 154.40p
16:35 4,208 @ 154.40p
16:35 2,736 @ 154.40p

TEM Key Personnel

Chair Angus Macpherson

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