27th Feb 2025 12:37
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