Russian Court Order - Update
LONDON STOCK EXCHANGE ANNOUNCEMENT
JPMORGAN EMERGING EUROPE, MIDDLE EAST & AFRICA SECURITIES PLC ('the Company' or 'JEMA')
Legal Entity Identifier: 549300II3MHI98ZLVH37
Russian Court Oder - update
Following the announcements made on 25th April and 3rd May 2024, the Board announces that the Company's Manager has today informed the Board of the following (in italics):
"Following a Russian court hearing on 22nd May 2024, it has now been confirmed that JEMA's assets (both securities and funds) held in S accounts in the name of JPMorgan Bank International (JPMorgan's Russian subsidiary) are not subject to the previously mentioned freezing order and the civil proceedings being brought by VTB in the Russian courts, which were commenced on 17th April 2024. We will continue to monitor the proceedings and update you on relevant developments."
For more details about the Company's Russian securities, 'S' Account and its other assets, please see the Company's previous announcements referred to above and the Annual Report and Financial Statements to 31st October 2023 available on the Company's website www.jpmeemeasecurities.com
24th May 2024
For further information:
Paul Winship
Neil Martin
JPMorgan Funds Limited 020 7742 4000
Hugh Jonathan
Numis Securities plc 020 7260 1000
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 6 hours ago Sage Group
- 7 hours ago Utilico Emerging Markets Ltd (DI)
- 7 hours ago Howden Joinery Group
- 8 hours ago Schroder BSC Social Impact Trust
- 8 hours ago Vodafone Group