REG - Franklin Global Tst - Result of General Meeting

Franklin Global TrustAnnouncement

25/09/2025 09:00

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RNS Number : 8061A  Franklin Global Trust PLC  25 September 2025

 

Franklin Global Trust plc

Legal Entity Identifier: 549300RKB85NFVSTBM94

Result of General Meeting

A General Meeting of the Company was held at 10.30am on Wednesday 24 September
2025. The following resolution, as set out in the Notice of General Meeting,
was duly passed as a special resolution.

 

Special resolution

 

That, in accordance with s701 of the Companies Act 2006 (the 'Act') and in
substitution for any existing authority, the Company be and is hereby
generally and unconditionally authorised to make market purchases (within the
meaning of s693(4) of the Act) of Ordinary shares of 5 pence each in the
capital of the Company provided that:

(a)        the maximum aggregate number of Ordinary shares hereby
authorised to be purchased is 7,752,649 (14.99% of the number of Ordinary
shares in issue (excluding Treasury shares) immediately prior to the passing
of this resolution);

(b)        the minimum price which may be paid for an Ordinary share is
5 pence (exclusive of expenses);

(c)        the maximum price (exclusive of expenses) which may be paid
for an Ordinary share shall be not more than the higher of

(i)         5% above the average of the mid-market quotations for an
Ordinary share of the Company as derived from the Daily Official List of the
London Stock Exchange for the five business days immediately preceding the
date of purchase; and

(ii)        the higher of the last independent trade and the highest
current independent bid on the London Stock Exchange;

(d)        the authority hereby conferred shall expire 15 months after
the date of passing of this resolution or, if earlier, at the conclusion of
the AGM of the Company in 2026, unless such authority is renewed, issued or
revoked prior to such time; and

(e)        the Company may conclude a contract to purchase Ordinary
shares under the authority hereby conferred prior to the expiry of such
authority which will or may be executed wholly or partly after the expiry of
such authority and may make a purchase of Ordinary shares in pursuance of any
such contract as if the authority hereby conferred had not expired.

 

 

Proxy votes received were as follows:

                                           For and Discretion      Against       Withheld
 Resolution                                Votes       %           Votes    %
 To give authority for share buybacks      7,906,065   92.8        613,754  7.2  44,857

 

 

Franklin Templeton Investment Trust Management Limited

Company Secretary

 

 

 

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