Portfolio Holdings Update

JPMorgan Emerging EMEA Securities

17 August 2023

 

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN EMERGING EUROPE, MIDDLE EAST & AFRICA SECURITIES PLC

Legal Entity Identifier: 549300II3MHI98ZLVH37

Update from the Board of JPMorgan Emerging Europe, Middle East & Africa Securities plc

During 2022/23 two of the Russian companies in the Company's portfolio have made tender offers of their shares (Detsky Mir and Magnit). Where permissible and beneficial for shareholders under the current sanctions regime the Company's Investment Manager will seek to participate in such corporate actions.  The Investment Manager recently participated in the tender offered by Detsky Mir, the results of this tender are yet to be confirmed by Detsky Mir and when the results are known a further announcement will be made.  Any proceeds received from this tender will be held in a custody 'S' account in Moscow and will not be recognised in the Company's net asset value.

17 August 2023

 For further information:

Paul Winship

Neil Martin

JPMorgan Funds Limited                     020 7742 4000

Hugh Jonathan 

Numis Securities plc                            020 7260 1000

 

END