JPMorgan Emerg. EMEA - Russian Court Order Update

JPMorgan Emerging Europe Middle East & Africa Securities

12/09/2024 10:30

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RNS Number : 9544D  JPMorgan Emerging EMEA Securities  12 September 2024

 

 

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 RNS announcement on 6(th) September 2024 regarding the
Russian court order update, the Board announces that on 11(th) September 2024
the Company's Manager informed the Board of the following (in italics):

 

"The Russian court has postponed a main hearing of a lawsuit filed by VTB Bank
against nine J.P. Morgan legal entities to 16th October 2024. If judgment is
given at this hearing, J.P. Morgan would have the right to appeal and the
appeal process would likely last approximately 2 months.  No seizure of J.P.
Morgan's assets under the judgment is expected to take place during this time.
We will continue to provide further details to our clients as the situation
develops."

 

The Board will provide a further update once the court decision is announced.

 

12th September 2024

 

For further information:

 

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

Hugh Jonathan, Deutsche Numis
 
            020 7260 1000

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