Templeton Emerging Markets Proposed Share Split (Amended)

MEMO

Fri, Jun 11 2021 02:11 pm

The ratio of existing ordinary shares for every new ordinary shares is amended in this memo.

Memorandum

To: Market Participants
From: NZX Product Operations
Date: Friday, 11 June 2021
Subject: Templeton Emerging Markets Plc (“TEM”) – Proposed Share Split

Message:

On Tuesday, 8th June 2021, Templeton Emerging Markets Plc (“TEM”) announced that subject to shareholder approval it will undergo a Share Split. TEM will seek shareholder approval for the Share Split at the company’s annual general meeting which will be held on Thursday, 8 July 2021.

Under the proposal TEM shareholders will receive 5 TEM ordinary shares for every 1 TEM ordinary shares held at 5pm on the Record Date of Friday, 23 July 2021.

In order for the Share Split to be processed and for trading on the NZX Main Board to continue, a temporary ticker code (“TEMZ”) with the ISIN GB00BKPG0S09 will be created. TEMZ will trade on the NZX Main Board from market open on Thursday, 22 July 2021 until close on the Record Date (Friday, 23 July 2021). Trading in TEMZ will be on a post-split basis.

On Monday, 26 July 2021, trading will resume using the original TEM ticker code (“TEM”) with the new ISIN GB00BKPG0S09 continuing to be used. At this time, trading in the TEMZ ticker code will cease.

NZX understands that on the London Stock Exchange trading will remain under the original ISIN GB0008829292 until COB on Friday, 23 July 2021, with trading under the new ISIN beginning on Monday, 26 July 2021.

A timetable of NZX events is attached.

Please contact NZX Product Operations on +64 4 496 2853 or email [email protected] with any queries.

ENDS