Templeton Trust buys back shares, updates investment policy, NAV

Templeton Emerging Markets Investment Trust Plc purchased 715,660 ordinary shares for cancellation on September 16, 2025, at a price of 212.03 pence per share. Following this transaction, the company's total voting rights stand at 972,066,861 shares, with 60,000,000 shares held in Treasury. These treasury shares will only be reissued at a price exceeding the prevailing NAV per share.

The company also announced an update to its investment policy, authorising managers to invest in equity options and Contracts for Difference. These changes, which do not require shareholder approval, aim to provide greater flexibility and potentially lower costs in managing the portfolio's geared exposure to equities. The revised policy is published on the company's website.

As of September 15, 2025, the unaudited cum-income net asset value (NAV) was £2260.694m, equating to 232.39 pence per share. The unaudited ex-income NAV was £2229.557m, or 229.19 pence per share. These figures are based on the total value of underlying assets, including or excluding income elements, using bid price information.