Update on Tender Application

JPMorgan Emerging EMEA Securities

11 October 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

Following the Board's announcement on 17^th August 2023 that the Company was applying to participate in a tender offered by Detsky Mir, the results of the tender can now be confirmed. 

The Board announce that the Company's application in respect of all its shares held in Detsky Mir has been successful. Following the completion of the tender, the Company will no longer have any holdings in Detsky Mir. The proceeds (RUB 286.2m, approx. GBP2.35m) 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.

The above details will be included in the list of questions and answers (Q&A) to be updated on the Company's website shortly.

11^th October 2023

 For further information:

Paul Winship

Neil Martin

JPMorgan Funds Limited                     0800 20 40 20

Hugh Jonathan 

Numis Securities plc                            020 7260 1000

 

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