Update on Proposals for New Investment Objective

RNS Number : 5216F

JPMorgan Russian Securities PLC

07 November 2022

 

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN RUSSIAN SECURITIES PLC

Legal Entity Identifier: 549300II3MHI98ZLVH37

Update from the Board of JPMorgan Russian Securities plc 

Following the RNS announcement of 27^th October 2022 referring to the publication and issue of a Circular that included details of a proposal to amend the Company's Investment Objectives and Policies ('the proposal'), the Board have received a number of questions from shareholders regarding whether the proposal, if passed, would be followed by an issue of shares or capital raising that would dilute their shareholding in the Company.

The Board confirms that there are currently no plans to issue shares or raise capital, even in the event that the current prohibitions on the trading of and receipt of dividends on Russian securities are lifted. The Board is conscious of the Company's existing shareholders pre-emption rights and that its duty is to promote the success of the Company for the benefit of the members as a whole.

7^th November 2022

 For further information:

Paul Winship

Simon Elliott

JPMorgan Funds Limited  020 7742 4000

Hugh Jonathan   

Numis Securities plc  020 7260 1000

 

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