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28 April 2026 07:22:50
- Source: Sharecast
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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