6th Dec 2006 11:32
Templeton Emerging Markets IT PLC06 December 2006 Announcement TEMPLETON EMERGING MARKETS INVESTMENT TRUST PLC ("TEMIT") On behalf of TEMIT, Franklin Templeton Investment Management Limited make thefollowing announcement:- The Board of Templeton Emerging Markets Investment Trust PLC ("TEMIT") hasconsidered the letter sent to the Chairman by City of London on 30th November2006 which was immediately made public by it. The various discussions with Cityof London over the past three months have focussed on TEMIT's discount to netasset value and the appropriateness of introducing discount control measures.Consultation with other shareholders on this subject has produced a divergenceof views. The Board intends over the next few weeks to undertake a wide shareholderconsultation both on this issue and on the other matters raised in the City ofLondon letter, many of which had not been previously raised with the Board. For information, please contact Franklin Templeton Investment Management Limitedon 0207 073 8500 (David Smart for institutional shareholder enquiries and JamieHammond for retail shareholder enquiries) or contact Joe Winkley at UBS Limitedon 0207 567 8000. No representation or warranty is made by UBS Limited as to theaccuracy or completeness of the information contained in this announcement andno liability will be accepted for any loss arising from its use. End of Announcement. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Templeton Emerging MarketsCity Lon Inv