Franklin Resources to issue 33.3M shares to Great-West in Putnam buy

FRANKLIN RESOURCES INC

33,333,333 shares (4.9% of outstanding) issued at closing to Great-West.
Additional $100M cash payable 180 days post-close; up to $375M contingent consideration.
4.9% stake subject to five-year lock-up; remaining shares locked for 180 days.
Issuance exempt from registration under Section 4(a)(2) as private placement to accredited investor.

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