The board of Templeton Latin America, managed by Mark Mobius, is posting a circular to shareholders ...
The board of Templeton Latin America, managed by Mark Mobius, is posting a circular to shareholders detailing its recommended proposals for the reconstruction of the company. Shareholders are to be offered a cash exit, a rollover into Templeton's similar mandated Luxembourg-listed Sicav, the Templeton Latin America Fund, or a combination of the two. According to Templeton's estimates, based on an NAV per share of 94.9p on 23 August 2001, shareholders who elect for the Sicav option would receive approximately 98.35% of NAV. Shareholders who elect for cash would receive approximately 98.3...
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