Availability of Portfolio Holdings 28th Feb. 2022

RNS Number : 4055I

JPMorgan Russian Securities PLC

14 April 2022

 

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN RUSSIAN SECURITIES PLC

Legal Entity Identifier: 549300II3MHI98ZLVH37

Availability of Full Portfolio Holdings as at 28th February 2022

JPMorgan Russian Securities plc's (the Company) full portfolio holdings as at 28^th February 2022 will be available to view on the Company's website shortly www.jpmrussian.co.uk  This is in accordance with the usual practice of providing the Company's full portfolio on the website for the month before last.

The schedule detailing the holdings as at 28^th February 2022 will include reference to the methodology for fair valuing the portfolio at that date. This information was included in the RNS announcement of the Company's daily net asset value (NAV) as at 28^th February 2022, released on 1^st March 2022. https://www.londonstockexchange.com/news-article/JRS/net-asset-value-s/15348887

In response to the changes that have occurred in the Russian equity markets since the 28^th February 2022, the Company's methodology for fair valuing the portfolio has adapted accordingly.  The methodology for fair valuing the Company's portfolio is detailed in the RNS announcement of the Company's daily NAV.  The Company's latest available NAV is as at 12^th April 2022.  https://www.londonstockexchange.com/news-article/JRS/net-asset-value-s/15411615

While the Company has applied a fair value against these investments there is no certainty that any value will be achievable from them over the short, medium or even long term due to the factors arising following the imposition of additional sanctions against Russia.

As at 12^th April 2022, the Company's unaudited net assets, after the application of a fair value, were £17,777,555 and the breakdown as a percentage of unaudited net assets was as follows:

Companies listed in Kazakhstan: 69.2% (no fair valuation applied)

MOEX traded securities 5.2% (fair valuation applied based on 25^th February

2022)

GDRs and ADRs 0.3% (fair valuation applied based on 2^nd March 2022)

Russian securities traded on other international stock exchanges:

9.3% (no fair valuation applied)

Cash and cash equivalents held in US$ money market funds: 16.0% (no fair valuation applied)

14^th April 2022

 For further information:

Paul Winship

Tim Mitchell

JPMorgan Funds Limited  020 7742 4000

Hugh Jonathan   

Numis Securities plc  020 7260 1000

 

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