REG - TempletonEmerg.Mkt. - Directorate Change

Templeton Emerging Markets Investment TrustAnnouncement

06/10/2023 08:30

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RNS Number : 9725O  Templeton Emerging Markets IT PLC  06 October 2023

Templeton Emerging Markets Investment Trust PLC

 

Legal Entity Identifier: 5493002NMTB70RZBXO96

 

Board Appointment

 

 

Templeton Emerging Markets Investment Trust PLC (the "Company") announces that
the Board of Directors have agreed to appoint Angus Macpherson as a
non-executive Director of the Company, with effect from 6 October 2023.  The
Board of Directors confirms that the intention is that Angus will take on the
role of Chairman of the Company on 1 January 2024 and will work closely with
the current Chairman Paul Manduca, who is retiring after over 8 years on the
Board, to ensure an orderly handover of the role.

 

Angus Macpherson is chief executive of Noble and Company (UK) Limited, an
independent boutique Scottish corporate finance business.   He was based in
Asia between 1995 and 2004 in Singapore and Hong Kong, latterly as head of
capital markets and financing for Merrill Lynch for Asia.  He is currently
Chairman of Pacific Horizon Investment Trust, Henderson Diversified Income and
a director of Schroder Japan Trust and Hampden & Co.

 

Angus Macpherson commented "I am excited to be joining the Board of Templeton
Emerging Markets Investment Trust and look forward to working with the other
members of the Board and the manager.  I have a particular affection for the
Company which was a trailblazer in investing in higher growth economies when I
first started working in Asia.  Paul Manduca has made an outstanding
contribution during his tenure as Chairman which, with the help of the Board,
I hope to build on."

 

Paul Manduca said "I am delighted that Angus has agreed to join the Board in
October and succeed me as Chairman on 1 January 2024.  He is a first-class
choice to be the next Chairman and I wish both him and the Company the very
best for the future."

 

The Company discloses this information pursuant to Listing Rule 9.6.11.R and
9.6.13 R made by the UK Listing Authority. This disclosure is based upon
information provided by this Director and has not been independently verified
by the Company.

 

Angus Macpherson has no details to disclose pursuant to Listing Rule 9.6.13 R
(2) to Listing Rule 9.6.13 R (6).  He has advised the Board of Pacific
Horizon that he intends to step down as Chair as soon as a suitable successor
can be appointed.

 

 

For further information please e-mail temitcosec
(mailto:temitcosec@franklintempleton.com) @franklintempleton.com
(mailto:temitcosec@franklintempleton.com)  or contact Franklin Templeton
Client Dealer Services via e-mail at enquiries@franklintempleton.co.uk
(mailto:enquiries@franklintempleton.co.uk)  or via free phone 0800 305 306,
+44 (0) 20 7073 8690 for overseas investors.

 

 

 

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