Templeton Emerging Markets buys back shares for cancellation

Templeton Emerging Markets Investment Trust PLC (NZX:TEM) has announced a series of transactions involving the purchase and cancellation of its own ordinary shares. On May 2, 2025, the company bought back 406,582 shares at a price of GBP1.7061 per share for cancellation. This followed an earlier transaction on April 29, 2025, where 178,673 shares were purchased at GBP1.6444 per share, also for cancellation. Following these transactions, the company's share capital consists of 1,019,771,040 shares in issue with 60,000,000 shares held in treasury. The company intends to protect shareholder value by only reissuing treasury shares at a price above the prevailing net asset value (NAV) per share at the time of reissue. The issued shares number should be used for calculating major shareholding notifications.