REG - JPMorgan Emerg. EMEA - Russian Court Order - Update

JPMorgan Emerging Europe Middle East & Africa SecuritiesAnnouncement

24/09/2025 18:15

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RNS Number : 7119A  JPMorgan Emerging EMEA Securities  24 September 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 the Company, the Board announces the following update from the
Company's Manager (in italics):

 

"Further to the announcement on 11 September 2025, we appealed the judgment
and are awaiting the courts' decision. We also sought a stay of enforcement
which was denied. We are also appealing this decision further."

 

As previously reported in the 31st October 2024 annual report and financial
statements, Russian Decree 8 offers protection to client securities and RUB
cash in S type accounts from the enforcement of court decisions issued after
3rd January 2024. The Russian courts have so far respected this. However, the
situation remains dynamic.

 

The Board will continue to monitor the situation closely and will provide
further updates on the impact of the judgment on the Company as and when more
information becomes available.

 

24(th) September 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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