Russian Court Order Update

JPMorgan Emerging EMEA Securities

03 January 2025

 

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN EMERGING EUROPE, MIDDLE EAST & AFRICA SECURITIES PLC ('the Company' or 'JEMA')

Legal Entity Identifier: 549300II3MHI98ZLVH37

Russian Court Order - Update

Further to the Board's previous RNS announcements regarding the two lawsuits filed by VTB Bank in Russia claiming $81.3 million and $74.5 million against eight J.P. Morgan legal entities and JPMorgan Emerging Europe, Middle East & Africa Securities plc (JEMA), the Board announces the following update from the Company's Manager (in italics):

J.P. Morgan Securities plc and JPMorgan Chase Bank, N.A., London Branch have each commenced proceedings in the English court to restrain VTB Bank from pursuing the two lawsuits filed by VTB Bank in Russia claiming $81.3 million and $74.5 million against eight J.P. Morgan legal entities and JPMorgan Emerging Europe, Middle East & Africa Securities plc (JEMA). The English court has granted an interim injunction restraining VTB Bank from pursuing the two lawsuits pending a further hearing. We will provide further details as the situation develops.

The Company's previous RNS announcements on this subject are available to view on the London Stock Exchange website:

https://www.londonstockexchange.com/stock/JEMA/jpmorgan-emerging-europe-middle-east-africa-securities-plc/analysis

The Company's reports and financial statements and other information about the Company are available to view on the Company's website: www.jpmeemeasecurities.com

The Board will provide a further update in due course.

3rd January 2025

For further information:

Paul Winship, Neil Martin, JPMorgan Funds Limited             0800 20 40 20

Hugh Jonathan, Deutsche Numis                                            020 7260 1000

 

END