REG - JPMorgan Emerg. EMEA - Russian Court Order Update

JPMorgan Emerging Europe Middle East & Africa SecuritiesAnnouncement

27/02/2025 12:45

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RNS Number : 7526Y  JPMorgan Emerging EMEA Securities  27 February 2025

 

 

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 previous RNS announcements regarding the lawsuit filed
by VTB Bank in Russia claiming $439 million against eight J.P. Morgan legal
entities and JPMorgan Emerging Europe, Middle East & Africa Securities plc
(JEMA), the Board announces the following update from the Company's Manager
(in italics):

 

"The Russian court has postponed the appeal hearing in relation to a claim
granted to VTB Bank against eight J.P. Morgan legal entities and JEMA to 28th
May 2025. No seizure of J.P. Morgan's assets under the VTB 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.

 

27th February 2025

 

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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