Directorate Change

RNS Number : 4628K

JPMorgan Russian Securities PLC

04 January 2021

 

JPMORGAN RUSSIAN SECURITIES PLC

(the 'Company')

Board Succession

Legal Entity Identifier: 549300C0UCY8X2QXW762

Information disclosed in accordance with L isting Rule 9.6.11

The Board of JPMorgan Russian Securities plc (the "Company") is pleased to announce the appointment of Eric Sanderson as an independent Non-executive Director of the Company with effect from 4^th January 2021.  The appointment was made after a thorough selection process undertaken with the assistance of a third party independent search consultancy.

Eric Sanderson is a Chartered Accountant and former CEO of British Linen Bank. He is currently Non-executive Chairman of Schroder UK Mid Cap Fund plc and Blackrock Greater Europe Investment Trust plc.

Eric Sanderson does not currently hold any shares in the Company. No further information is to be disclosed in respect of paragraphs 9.6.13 (2) - (6) of the Financial Conduct Authority's Listing Rules for Eric Sanderson.

In line with the Company's Board Succession plan, Robert Jeens will not be standing for re-election at the Company's Annual General Meeting on 2^nd March 2021 and it is expected that Eric Sanderson will replace Robert Jeens as the Company's Audit Committee Chairman immediately following the AGM.

Commenting on the appointment of Eric Sanderson, Gill Nott, the Company's Chairman, said:

"Eric Sanderson is a highly experienced and well regarded Non-executive Director and Chairman with extensive knowledge of investment trusts. He will make an excellent addition to the Board and capable Chairman of the Audit Committee, particularly as he will benefit from Robert's experience during the handover period."

JPMorgan Funds Limited

Company Secretary

4^th January 2021

For further information, please contact:

Paul Winship

JPMorgan Funds Limited 

020 7742 4000

 

END

 

 

BOAUSRURANUARAR