Templeton Emerging Markets reports NAV, cancels shares, maintains treasury strategy

On May 6th and 7th, 2025, Templeton Emerging Markets Investment Trust PLC (TEMIT) reported its unaudited cum-income Net Asset Value (NAV). On May 6th, the cum-income NAV was reported as £1978.672m, representing 194.11 pence per share, while the ex-income NAV was £1933.931m, representing 189.72 pence per share. On May 7th, the cum-income NAV was reported as £1982.932m, representing 194.59 pence per share, while the ex-income NAV was £1938.033m, representing 190.18 pence per share. The company also announced the cancellation of 309,962 Ordinary shares at a price of 168.32 pence per share on May 7, 2025. Following this cancellation, TEMIT's share capital comprises 1,019,005,857 shares in issue, with 60,000,000 shares held in treasury. TEMIT reaffirmed that treasury shares will only be reissued at a price exceeding the prevailing NAV per share at the time of reissue, aiming to protect existing shareholders' interests.