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Russian Court Cases - Update

28th Apr 2026 07:22

RNS Number : 1873C
JPMorgan Emerging EMEA Securities
28 April 2026
 

 

LONDON STOCK EXCHANGE ANNOUNCEMENT

 

 

JPMORGAN EMERGING EUROPE, MIDDLE EAST & AFRICA SECURITIES PLC

('the Company' or 'JEMA')

 

Legal Entity Identifier: 549300II3MHI98ZLVH37

 

Russian Court Cases - Update

 

Further to the Board's previous RNS announcements regarding the lawsuits filed by VTB Bank in Russia claiming $439.5m, $81.3 million, $74.5 million and €108 million and the lawsuit filed by Sberbank in Russia claiming $830,183 against eight J.P. Morgan legal entities and the Company, the Board announces the following update from JPMorgan Funds Limited (the Company's Manager) in respect of the VTB $439.5m claim (in italics):

 

"Further to the announcement on 13th April 2026, the proceedings before the Court of Cassation in respect of the appeal filed in the VTB $439.5m claim have been suspended.

 

The Court of Cassation has indicated that it does not intend to schedule a further hearing until the appeals filed by the relevant J.P. Morgan legal entities to the Supreme Court in a separate claim unrelated to the Company have been considered."

 

The Board will provide further updates as the cases progress.

 

28th April 2026

 

For further information:

 

Joel Clopon, Neil Martin, JPMorgan Funds Limited 0800 20 40 20

Hugh Jonathan, Deutsche Numis 020 7260 1000

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