Filing Details

Accession Number:
0000038777-18-000038
Form Type:
13G Filing
Publication Date:
2018-02-05 16:41:44
Filed By:
Franklin Resources Inc
Company:
Alamos Gold Inc (NYSE:AGI)
Filing Date:
2018-02-05
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Franklin Resources, Inc 47,882,318 12.3%
Charles B. Johnson 47,882,318 12.3%
Rupert H. Johnson, Jr 47,882,318 12.3%
Filing

 

 

 

          CUSIP NO. 011532108                    13G                               Page 1 of 13

 

 

                                                                                   UNITED STATES

                                                              SECURITIES AND EXCHANGE COMMISSION

                                                                          Washington, D.C. 20549

 

                                                                                    SCHEDULE 13G

 

                                                       Under the Securities Exchange Act of 1934

                                                                              (Amendment No. 1)*

 

                                                                                ALAMOS GOLD INC.

                                                                                (Name of Issuer)

 

                                                                Common Shares, Without Par Value

                                                                  (Title of Class of Securities)

 

                                                                                       011532108 

 

                                                                                  (CUSIP Number)

 

                                                                               December 31, 2017

                                         (Date of Event Which Requires Filing of this Statement)

 

          Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

          [X] Rule 13d‑1(b)

          [ ] Rule 13d‑1(c)

          [ ] Rule 13d‑1(d)

 

          *The remainder of this cover page shall be filled out for a reporting person's

          initial filing on this form with respect to the subject class of securities, and

          for any subsequent amendment containing information which would alter the

          disclosures provided in a prior cover page.

 

          The information required in the remainder of this cover page shall not be deemed

          to be "filed" for the purpose of Section 18 of the Securities Exchange Act of

          1934 ("Act") or otherwise subject to the liabilities of that section of the Act

          but shall be subject to all other provisions of the Act (however, see the

          Notes).  

 


 

 

 

 

          CUSIP NO. 011532108                    13G                               Page 2 of 13

 

 

          1.    NAMES OF REPORTING PERSONS.    

 

                      Franklin Resources, Inc.

 

          2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

                      (a) 

                      (b) X

 

          3.    SEC USE ONLY

 

          4.    CITIZENSHIP OR PLACE OF ORGANIZATION

 

                      Delaware 

 

          NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

 

                      5.     SOLE VOTING POWER

 

                                   (See Item 4)

 

                      6.     SHARED VOTING POWER

 

                                   (See Item 4)

 

                      7.     SOLE DISPOSITIVE POWER

 

                                   (See Item 4)

 

                      8.     SHARED DISPOSITIVE POWER

 

                                   (See Item 4)

 

          9.    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

                      47,882,318  

 

          10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES

                       CERTAIN SHARES [ ]

 

          11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

                       12.3% 

 

          12.   TYPE OF REPORTING PERSON

 

                       HC, CO (See Item 4)

 

 


 

 

 

 

          CUSIP NO. 011532108                    13G                               Page 3 of 13

 

 

          1.    NAMES OF REPORTING PERSONS.    

 

                      Charles B. Johnson

 

          2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

                      (a) 

                      (b) X

 

          3.    SEC USE ONLY

 

          4.    CITIZENSHIP OR PLACE OF ORGANIZATION

 

                      USA 

 

          NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

 

                      5.    SOLE VOTING POWER

 

                                  (See Item 4)

 

                      6.    SHARED VOTING POWER

 

                                  (See Item 4)

 

                      7.    SOLE DISPOSITIVE POWER

 

                                  (See Item 4)

 

                      8.    SHARED DISPOSITIVE POWER

 

                                  (See Item 4)

 

          9.    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

                      47,882,318  

 

          10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES

                      CERTAIN SHARES [ ]

 

          11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

                      12.3% 

 

          12.   TYPE OF REPORTING PERSON

 

                      HC, IN (See Item 4)

 

 


 

 

 

 

          CUSIP NO. 011532108                    13G                               Page 4 of 13

 

 

          1.    NAMES OF REPORTING PERSONS.    

 

                      Rupert H. Johnson, Jr.

 

          2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

                      (a) 

                      (b) X

 

          3.    SEC USE ONLY

 

          4.    CITIZENSHIP OR PLACE OF ORGANIZATION

 

                      USA 

 

          NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

 

                      5.    SOLE VOTING POWER

 

                                  (See Item 4)

 

                      6.    SHARED VOTING POWER

 

                                  (See Item 4)

 

                      7.    SOLE DISPOSITIVE POWER

 

                                  (See Item 4)

 

                      8.    SHARED DISPOSITIVE POWER

 

                                  (See Item 4)

          9.    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

                      47,882,318  

 

          10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES

                      CERTAIN SHARES [ ]

 

          11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

                      12.3% 

 

          12.   TYPE OF REPORTING PERSON

 

                      HC, IN (See Item 4)

 


 

 

 

 

          CUSIP NO. 011532108                    13G                               Page 5 of 13

 

 

          Item 1.

 

          (a)   Name of Issuer

 

                      ALAMOS GOLD INC.

 

          (b)   Address of Issuer's Principal Executive Offices

 

           Brookfield Place, 181 Bay Street, Suite 3910

           Toronto, Ontario, Canada, M5J 2T3

 

          Item 2.

 

          (a)   Name of Person Filing

 

                      (i):   Franklin Resources, Inc.

 

                      (ii):  Charles B. Johnson

 

                      (iii): Rupert H. Johnson, Jr.

 

 

          (b)   Address of Principal Business Office or, if none, Residence

 

                      (i), (ii), and (iii):

                      One Franklin Parkway

                      San Mateo, CA 94403‑1906

 

          (c)   Citizenship

 

                      (i): Delaware

                      (ii) and (iii): USA

 

          (d)   Title of Class of Securities

 

                      Common Shares, Without Par Value

 

          (e)   CUSIP Number

 

                      011532108 

 

 


 

 

 

 

          CUSIP NO. 011532108                    13G                               Page 6 of 13

 

Item 3.        If this statement is filed pursuant to §§240.13d‑1(b) or 240.13d‑2(b) or (c),

                              check whether the person filing is a:

 

                        (a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

 

                        (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

 

                        (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c)

 

                        (d) [ ] Investment company registered under section 8 of the Investment Company Act

                                        of 1940 (15 U.S.C 80a‑8).

 

                        (e) [ ] An investment adviser in accordance with §240.13d‑1(b)(1)(ii)(E);

 

                        (f) [ ] An employee benefit plan or endowment fund in accordance with §240.13d‑1(b)

                                        (1)(ii)(F); 

 

                        (g) [X] A parent holding company or control person in accordance with §240.13d‑1(b)

                                        (1)(ii)(G); 

 

                        (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit

                                        Insurance Act (12 U.S.C. 1813);

 

                        (i) [ ] A church plan that is excluded from the definition of an investment company

                                        under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C.

                                        80a‑3); 

                        (j) [ ] A non‑U.S. institution in accordance with §240.13d‑1(b)(ii)(J);

 

                        (k) [ ] Group, in accordance with §240.13d‑1(b)(1)(ii)(K).

 

                        If filing as a non‑U.S. institution in accordance with §240.13d‑1(b)(1)(ii)(J),

                        please specify the type of institution:

 

 

          Item 4.  Ownership

 

          The securities reported herein are beneficially owned by one or more open ‑ or closed ‑

          end investment companies or other managed accounts that are investment management clients

          of investment managers that are direct and indirect subsidiaries (each, an “Investment

          Management Subsidiary” and, collectively, the “Investment Management Subsidiaries”) of

          Franklin Resources, Inc.(“FRI”), including the Investment Management Subsidiaries listed

          in this Item 4. When an investment management contract (including a sub‑advisory

          agreement) delegates to an Investment Management Subsidiary investment discretion or

          voting power over the securities held in the investment advisory accounts that are subject

          to that agreement, FRI treats the Investment Management Subsidiary as having sole

          investment discretion or voting authority, as the case may be, unless the agreement

          specifies otherwise. Accordingly, each Investment Management Subsidiary reports on

          Schedule 13G that it has sole investment discretion and voting authority over the

          securities covered by any  such investment management agreement, unless otherwise noted in

          this Item 4.  As a result, for purposes of Rule 13d‑3 under the Act, the Investment

          Management Subsidiaries listed in this Item 4 may be deemed to be the beneficial owners of

          the securities reported in this Schedule 13G.

 

 

          Beneficial ownership by Investment Management Subsidiaries and other FRI affiliates is

     being reported in conformity with the guidelines articulated by the SEC staff in

     Release No. 34 39538 (January 12, 1998) relating to organizations, such as FRI, where

     related entities exercise voting and investment powers over the securities being

     reported independently from each other.  The voting and investment powers held by

     Franklin Mutual Advisers, LLC (“FMA”) and Franklin Advisory Services, LLC (“FAS”), each an

     indirect wholly owned Investment Management Subsidiary, are exercised independently from

     FRI and from all other Investment Management Subsidiaries (FRI, its affiliates and the

     Investment Management Subsidiaries other than FMA and FAS are collectively, “FRI

     affiliates”). Furthermore, internal policies and procedures of FMA, FAS and FRI establish

     informational barriers that prevent the flow between FMA and FAS, on the one hand, and the

     FRI affiliates, on the other hand, of information that relates to the voting and

     investment powers over the securities owned by their respective management clients.

     Consequently, FMA and FAS report the securities over which they hold investment and voting

     power separately from the FRI affiliates for purposes of Section 13 of the Act.

 


 

 

 

 

          CUSIP NO. 011532108                    13G                               Page 7 of 13

 

 

          Charles B. Johnson and Rupert H. Johnson, Jr. (the “Principal Shareholders”) each own in

          excess of 10% of the outstanding common stock of FRI and are the principal stockholders of

          FRI.  FRI and the Principal Shareholders may be deemed to be, for purposes of Rule 13d‑3

          under the Act, the beneficial owners of securities held by persons and entities for whom

          or for which FRI subsidiaries provide investment management services.  The number of

          shares that may be deemed to be beneficially owned and the percentage of the class of

          which such shares are a part are reported in Items 9 and 11 of the cover pages for FRI and

          each of the Principal Shareholders.  FRI, the Principal Shareholders and each of the

          Investment Management Subsidiaries disclaim any pecuniary interest in any of  such

          securities.  In addition, the filing of this Schedule 13G on behalf of the Principal

          Shareholders, FRI and the FRI affiliates, as applicable, should not be construed as an

          admission that any of them is, and each  of them disclaims that it is, the beneficial

          owner, as defined in Rule 13d‑3, of any of the securities reported in this Schedule 13G.

 

 

          FRI, the Principal Shareholders, and each of the Investment Management Subsidiaries

          believe that they are not a “group” within the meaning of Rule 13d‑5 under the Act and

          that they are not otherwise required to attribute to each other the beneficial ownership

          of the securities held by any of them or by any persons or entities for whom or for which

          the Investment Management Subsidiaries provide investment management services.

 

                      (a)    Amount beneficially owned:

 

                                    47,882,318  

 

                      (b)    Percent of class:

 

                                    12.3% 

 

                      (c)    Number of shares as to which the person has:

 

                              (i)   Sole power to vote or to direct the vote

 

                                          Franklin Resources, Inc.:                                             0

 

                                          Charles B. Johnson:                                                   0

 

                                          Rupert H. Johnson, Jr.:                                               0

 

                                          Templeton Global Advisors Limited:                           17,006,633

 

                                          Templeton Investment Counsel, LLC:                           14,982,950

 

                                          Franklin Advisers, Inc.:                                      8,786,805

 

                                          Franklin Templeton Investments Corp.:                         2,043,900

 

                                          Franklin Templeton Investment Management Limited:             1,332,350

 

                                          Franklin Templeton Investments (Asia) Ltd.:                     389,500

 

                                          Templeton Asset Management Ltd.:                                 76,620

 

 

                            (ii)   Shared power to vote or to direct the vote

 

                                                                                                                                                                                 

                                          Templeton Global Advisors Limited:                              261,490 

 

                          (iii)   Sole power to dispose or to direct the disposition of

 

                                          Franklin Resources, Inc.:                                             0

 

                                          Charles B. Johnson:                                                   0

 

                                          Rupert H. Johnson, Jr.:                                               0

 

 


 

 

 

 

          CUSIP NO. 011532108                    13G                               Page 8 of 13

 

                                          Templeton Global Advisors Limited:                           17,439,823

 

                                          Templeton Investment Counsel, LLC:                           15,688,650

 

                                          Franklin Advisers, Inc.:                                      8,786,805

 

                                          Franklin Templeton Investments Corp.:                         2,043,900

 

                                          Franklin Templeton Investment Management Limited:             1,406,750

 

                                          Franklin Templeton Investments (Asia) Ltd.:                     389,500

 

                                          Templeton Asset Management Ltd.:                                 76,620

 

                            (iv)   Shared power to dispose or to direct the disposition of[1]

 

                                          Templeton Global Advisors Limited:                             1,783,840 

 

                                                                                                                                                                                             

                                          Templeton Investment Counsel, LLC:                                                            266,430 

 

          Item 5.  Ownership of Five Percent or Less of a Class

 

                            If this statement is being filed to report the fact that as of the date hereof

                            the reporting person has ceased to be the beneficial owner of more than five

                            percent of the class of securities, check the following [ ]. 

 

          Item 6.  Ownership of More than Five Percent on Behalf of Another Person

 

                            The clients of the Investment Management Subsidiaries, including investment

                            companies registered under the Investment Company Act of 1940 and other

                            managed accounts, have the right to receive or power to direct the receipt of

                            dividends from, and the proceeds from the sale of, the securities reported

                            herein. 

 

          Item 7.  Identification and Classification of the Subsidiary Which Acquired the

                            Security Being Reported on By the Parent Holding Company

 

                            See Attached Exhibit C

 

          Item 8.  Identification and Classification of Members of the Group

 

                            Not Applicable

 

          Item 9.  Notice of Dissolution of Group

 

                            Not Applicable

 


[1]         One of the investment management contracts that relates to these securities provides that the applicable FRI affiliate

            share investment power over the securities held in the client’s account with another unaffiliated entity.  The issuer's

            securities held in such account are less than 5% of the outstanding shares of the class.  In addition, FRI does not

            believe that such contract causes such client or unaffiliated entity to be part of a group with FRI or any FRI affiliate

            within the meaning of Rule 13d‑5 under the Act.

 

 


 

 

 

 

          CUSIP NO. 011532108                    13G                               Page 9 of 13

 

 

          Item 10. Certification

 

          By signing below I certify that, to the best of my knowledge and belief, the

          securities referred to above were acquired and are held in the ordinary course of

          business and were not acquired and are not held for the purpose of or with the

          effect of changing or influencing the control of the issuer of the securities and

          were not acquired and are not held in connection with or as a participant in any

          transaction having that purpose or effect.

 

          Exhibits 

 

          Exhibit A ‑ Joint Filing Agreement

          Exhibit B ‑ Limited Powers of Attorney for Section 13 Reporting Obligations

          Exhibit C ‑ Item 7 Identification and Classification of Subsidiaries

 

                                                                                  SIGNATURE 

 

          After reasonable inquiry and to the best of my knowledge and belief, I certify that

          the information set forth in this statement is true, complete and correct.

 

          Dated:   January 30, 2018

 

          Franklin Resources, Inc.

 

          Charles B. Johnson

 

          Rupert H. Johnson, Jr.

 

          By:    /s/LORI A. WEBER

                        ‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑ 

 

                        Lori A. Weber

                        Assistant Secretary of Franklin Resources, Inc.

 

                        Attorney‑in‑Fact for Charles B. Johnson pursuant to Power of Attorney

                        attached to this Schedule 13G

 

                        Attorney‑in‑Fact for Rupert H. Johnson, Jr. pursuant to Power of Attorney

                        attached to this Schedule 13G

 

 


 

 

 

 

          CUSIP NO. 011532108                    13G                               Page 10 of 13

 

          EXHIBIT A

 

          JOINT FILING AGREEMENT

 

          In accordance with Rule 13d‑1(k) under the Securities Exchange Act of 1934, as amended,

          the undersigned hereby agree to the joint filing with each other of the attached

          statement on Schedule 13G and to all amendments to such statement and that such

          statement and all amendments to such statement are made on behalf of each of them.

 

          IN WITNESS WHEREOF, the undersigned have executed this agreement on January 30, 2018.

 

          Franklin Resources, Inc.

 

          Charles B. Johnson

 

          Rupert H. Johnson, Jr.

 

          By:     /s/LORI A. WEBER

                          ‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑ 

 

                          Lori A. Weber

                          Assistant Secretary of Franklin Resources, Inc.

 

                          Attorney‑in‑Fact for Charles B. Johnson pursuant to Power of Attorney

                          attached to this Schedule 13G

 

                          Attorney‑in‑Fact for Rupert H. Johnson, Jr. pursuant to Power of Attorney

                          attached to this Schedule 13G

 

 


 

 

 

 

          CUSIP NO. 011532108                    13G                               Page 11 of 13

 

          EXHIBIT B

 

                                                                           LIMITED POWER OF ATTORNEY

                                                                                                 FOR 

                                                             SECTION 13 AND 16 REPORTING OBLIGATIONS

 

             Know all by these presents, that the undersigned hereby makes, constitutes and appoints

          each of Alison E. Baur, Maria Gray, Steven J. Gray, Kimberly H. Novotny, Karen L.

          Skidmore, Navid J. Tofigh and Lori A. Weber each acting individually, as the undersigned’s

          true and lawful attorney‑in‑fact, with full power and authority as hereinafter described

          on behalf of and in the name, place and stead of the undersigned to:

          (1)  prepare, execute, acknowledge, deliver and file Forms ID, Schedules 13D and 13G, and

          Forms 3, 4 and 5 (including any amendments thereto and any related documentation) with the

          United States Securities and Exchange Commission and any national securities exchanges

          relating to Franklin Resources, Inc. (“FRI”) and/or any registered closed‑end company to

          which an affiliate of FRI is an investment adviser (each, a “Reporting Entity”), as

          considered necessary or advisable under Regulation S‑T and Sections 13(d) and 16(a) of the

          Securities Exchange Act of 1934 and the rules and regulations promulgated thereunder, as

          amended from time to time (the “Exchange Act”); and

          (2)  seek or obtain, as the undersigned’s representative and on the undersigned’s behalf,

          information on transactions in the securities of any Reporting Entity from any person,

          including brokers, employee benefit plan administrators and trustees, and the undersigned

          hereby authorizes any such person to release any such information to the undersigned and

          approves and ratifies any such release of information; and

          (3)  perform any and all other acts which in the discretion of such attorney‑in‑fact are

          necessary or desirable for and on behalf of the undersigned in connection with the

          foregoing. 

 

                         The undersigned acknowledges that:

          (1)  this Limited Power of Attorney authorizes, but does not require, each such

          attorney‑in‑fact to act in their discretion on information provided to such

          attorney‑in‑fact without independent verification of such information;

          (2)  any documents prepared and/or executed by any such attorney‑in‑fact on behalf of the

          undersigned pursuant to this Limited Power of Attorney will be in such form and will

          contain such information and disclosure as such attorney‑in‑fact, in his or her

          discretion, deems necessary or desirable;

          (3)  none of FRI, any Reporting Entity nor any of such attorneys‑in‑fact assumes (i) any

          liability for the undersigned’s responsibility to comply with the requirements of the

          Exchange Act, (ii) any liability of the undersigned for any failure to comply with such

          requirements, or (iii) any obligation or liability of the undersigned for profit

          disgorgement under Section 16(b) of the Exchange Act; and

          (4)  this Limited Power of Attorney does not relieve the undersigned from responsibility

          for compliance with the undersigned’s obligations under the Exchange Act, including

          without limitation, the reporting requirements under Section 16 of the Exchange Act.

             The undersigned hereby gives and grants each of the foregoing attorneys‑in‑fact full

          power and authority to do and perform all and every act and thing whatsoever requisite,

          necessary or appropriate to be done in and about the foregoing matters as fully to all

          intents and purposes as the undersigned might or could do if present, hereby ratifying all

          that each such attorney‑in‑fact of, for and on behalf of the undersigned, shall lawfully

          do or cause to be done by virtue of this Limited Power of Attorney.

             This Limited Power of Attorney shall remain in full force and effect until revoked by

          the undersigned in a signed writing delivered to each such attorney‑in‑fact.

             IN WITNESS WHEREOF, the undersigned has caused this Limited Power of Attorney to be

          executed as of this     27th            day of      February       , 2017.

 

                                                                                                                          /s/Charles B. Johnson

                                                                                                                          Signature 

 

                                                                                                                          Charles B. Johnson

                                                                                                                          Print Name

 

 


 

 

 

 

          CUSIP NO. 011532108                    13G                               Page 12 of 13

 

                                                                           LIMITED POWER OF ATTORNEY

                                                                                                 FOR 

                                                             SECTION 13 AND 16 REPORTING OBLIGATIONS

 

             Know all by these presents, that the undersigned hereby makes, constitutes and appoints

          each of Alison E. Baur, Maria Gray, Steven J. Gray, Kimberly H. Novotny, Karen L.

          Skidmore, Navid J. Tofigh and Lori A. Weber each acting individually, as the undersigned’s

          true and lawful attorney‑in‑fact, with full power and authority as hereinafter described

          on behalf of and in the name, place and stead of the undersigned to:

          (1)  prepare, execute, acknowledge, deliver and file Forms ID, Schedules 13D and 13G, and

          Forms 3, 4 and 5 (including any amendments thereto and any related documentation) with the

          United States Securities and Exchange Commission and any national securities exchanges

          relating to Franklin Resources, Inc. (“FRI”) and/or any registered closed‑end company to

          which an affiliate of FRI is an investment adviser (each, a “Reporting Entity”), as

          considered necessary or advisable under Regulation S‑T and Sections 13(d) and 16(a) of the

          Securities Exchange Act of 1934 and the rules and regulations promulgated thereunder, as

          amended from time to time (the “Exchange Act”); and

          (2)  seek or obtain, as the undersigned’s representative and on the undersigned’s behalf,

          information on transactions in the securities of any Reporting Entity from any person,

          including brokers, employee benefit plan administrators and trustees, and the undersigned

          hereby authorizes any such person to release any such information to the undersigned and

          approves and ratifies any such release of information; and

          (3)  perform any and all other acts which in the discretion of such attorney‑in‑fact are

          necessary or desirable for and on behalf of the undersigned in connection with the

          foregoing. 

 

                   The undersigned acknowledges that:

          (1)  this Limited Power of Attorney authorizes, but does not require, each such

          attorney‑in‑fact to act in their discretion on information provided to such

          attorney‑in‑fact without independent verification of such information;

          (2)  any documents prepared and/or executed by any such attorney‑in‑fact on behalf of the

          undersigned pursuant to this Limited Power of Attorney will be in such form and will

          contain such information and disclosure as such attorney‑in‑fact, in his or her

          discretion, deems necessary or desirable;

          (3)  none of FRI, any Reporting Entity nor any of such attorneys‑in‑fact assumes (i) any

          liability for the undersigned’s responsibility to comply with the requirements of the

          Exchange Act, (ii) any liability of the undersigned for any failure to comply with such

          requirements, or (iii) any obligation or liability of the undersigned for profit

          disgorgement under Section 16(b) of the Exchange Act; and

          (4)  this Limited Power of Attorney does not relieve the undersigned from responsibility

          for compliance with the undersigned’s obligations under the Exchange Act, including

          without limitation, the reporting requirements under Section 16 of the Exchange Act.

             The undersigned hereby gives and grants each of the foregoing attorneys‑in‑fact full

          power and authority to do and perform all and every act and thing whatsoever requisite,

          necessary or appropriate to be done in and about the foregoing matters as fully to all

          intents and purposes as the undersigned might or could do if present, hereby ratifying all

          that each such attorney‑in‑fact of, for and on behalf of the undersigned, shall lawfully

          do or cause to be done by virtue of this Limited Power of Attorney.

             This Limited Power of Attorney shall remain in full force and effect until revoked by

          the undersigned in a signed writing delivered to each such attorney‑in‑fact.

             IN WITNESS WHEREOF, the undersigned has caused this Limited Power of Attorney to be

          executed as of this     27th            day of      February       , 2017.

 

                                                                                                                          /s/Rupert H. Johnson, Jr.

                                                                                                                          Signature 

 

                                                                                                                          Rupert H. Johnson, Jr.

                                                                                                                          Print Name

 

 


 

 

 

 

          CUSIP NO. 011532108                    13G                               Page 13 of 13

 

 

          EXHIBIT C

 

 

          Franklin Advisers, Inc.                               Item 3 Classification: 3(e)

 

          Franklin Templeton Investment Management Limited      Item 3 Classification: 3(e)

 

          Franklin Templeton Investments (Asia) Ltd.            Item 3 Classification: 3(e)

 

          Franklin Templeton Investments Corp.                  Item 3 Classification: 3(e)

 

          Templeton Asset Management Ltd.                       Item 3 Classification: 3(e)

 

          Templeton Global Advisors Limited                     Item 3 Classification: 3(e)

 

          Templeton Investment Counsel, LLC                     Item 3 Classification: 3(e)