REG - Franklin Global Tst - Board instruction to the Manager

Franklin Global TrustAnnouncement

16/01/2026 10:30

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RNS Number : 2386P  Franklin Global Trust PLC  16 January 2026

16 January 2026

 

Franklin Global Trust plc

Legal Entity Identifier: 549300RKB85NFVSTBM94

Board instruction to the Manager

Further to the announcement on 13 November 2025 regarding the proposed
combination with Invesco Global Equity Income Trust plc (the Transaction), the
Board of Franklin Global Trust plc (the Company or FRGT) has issued the
following instructions to the Company's alternative investment fund manager,
Franklin Templeton Investment Trust Management Limited (the Manager),
effective 16 January 2026:

·      the Manager is instructed not to make any new investments in
stocks or non-cash assets; and

·      should the Manager, sell stocks or non-cash assets in the usual
course of portfolio management, the proceeds are to be held in cash or
reinvested into:

o  the iShares MSCI ACWI UCITS ETF - USD] (the ETF), in order to maintain
market exposure in line with FRGT's benchmark which is the MSCI All Country
World Index; and

o  a cash-like instrument such as gilts or other short-term highly liquid
securities.

 

No new investment in a single instrument shall exceed more than 10 per cent.
of the total assets of the Company at the time of investment, in accordance
with the Company's investment policy.

The intention of these instructions is to reduce the risk of any negative
impact on shareholder value until the proposed Transaction is made effective.
This is common in mergers of this type where new investments cannot be made
for the long term. It is considered that the best interests of shareholders
are met by reinvesting any sale proceeds into the ETF or cash-like instrument
as instructed.

 

 

For further information, please contact:

ftcosec@franklintempleton.com (mailto:ftcosec@franklintempleton.com)

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