Company Information & Policies

Templeton Emerging Markets Investment Trust PLC (TEMIT) is an investment company listed on the London and New Zealand Stock Exchanges.

TEMIT has a board of six Directors who are committed to ensuring that shareholders’ best interests are at the forefront of all decisions. Only one member of the Board has a connection with Franklin Resources, with all others being entirely independent.

Under the guidance of the Chairman, the Board of Directors is responsible for the overall strategy of TEMIT and monitoring its performance.

Paul Manduca, Chairman

Paul Manduca
Chairman

The Company’s Board of Directors aims to:

  • Deliver superior long-term investment performance compared to our benchmark index and peers;
  • Maintain liquidity in its shares to support buyers and sellers;
  • Provide relative stability in the discount to net asset value;
  • Through periodic continuation votes, affirms the shareholder mandate;
  • Through regular communication, keeps investors up-to-date with the progress of the Company, as well as seeking feedback and comment from investors; and
  • Outsource, where appropriate to exceptional service providers.

Key Performance Indicators

  • The Board considers the following as the key performance indicators for the Company:
  • Share Price, Discount and Use of Buy Back Powers;
  • Dividend and Earnings per share; and
  • Ongoing Charges Ratio.

Investment Management

The Board has appointed Franklin Templeton International Services S.a r.l. (“FTIS” or the “Manager”) acts as the Alternative Investment Fund Manager for the Company. FTIS has delegated investment management of TEMIT to two specialist subsidiaries of Franklin Resources Inc. (Templeton Asset Management Ltd. (“TAML”) and Franklin Templeton Investment Management Limited (“FTIML”)).

KEY COMPANY DOCUMENTS

Other Policies & Statements

GEARING (BORROWING) TEMIT, like other companies has the ability to borrow money for investment purposes. The Board has agreed that the Company may borrow up to 10% of its net assets
ENVIRONMENTAL POLICY TEMIT has no greenhouse gas emissions to report from the operations of the Company, as all of its activities are outsourced to third parties, nor does it have responsibility for any other emissions producing sources under the Companies Act 2006 (Strategic Report and Directors’ Reports) Regulations 2013.
INFORMATION FOR FINANCIAL ADVISERS The Company currently conducts its affairs so that its shares can be recommended by Financial Advisers in the UK to ordinary retail investors in accordance with the FCA’s rules in relation to non-mainstream investment products and the Company intends to continue to do so for the foreseeable future. The shares are excluded from the FCA’s restrictions which apply to non-mainstream investment products.
BOARD DIVERSITY

The Board supports the principle of boardroom diversity. The selection policy of the Board is to appoint the best qualified person for the job, by considering factors such as diversity of thought, experience and qualification.

RELATED PARTIES

MANAGER AND COMPANY SECRETARY

Franklin Templeton International Services S.à r.l. 8a rue Albert Borschette L-1246 LUXEMBOURG

REGISTRAR – UK Equiniti Limited Aspect House Spencer Road, Lancing,WEST SUSSEX BN99 6DA
REGISTRAR – NEW ZEALAND

Computershare Investor Services Limited Level 2, 159 Hurstmere Road,Takapuna, AUCKLAND 0622, NEW ZEALAND

AUDITOR Deloitte LLP Saltire Court 20 Castle Terrace EDINBURGH EH1 2DB
GLOBAL CUSTODIAN JPMorgan Chase Bank 25 Bank Street LONDON E14 5JP
DEPOSITARY J.P. Morgan Europe Limited 25 Bank Street LONDON E14 5JP
FINANCIAL ADVISER AND STOCKBROKER

Winterflood Securities Limited, The Atrium Building, Cannon Bridge House, 25 Dowgate Hill LONDON EC4R 2GA

SOLICITOR

CMS Cameron McKenna LLP, Saltire Court, 20 Castle Terrace, EDINBURGH EH1 2EN