Orden judicial rusa
ANUNCIO DE LA BOLSA DE VALORES DE LONDRES
JPMORGAN EMERGING EUROPE, MIDDLE EAST & AFRICA SECURITIES PLC ('la Compañía' o 'JEMA')
Identificador de entidad legal: 549300II3MHI98ZLVH37
Russian Court Oder
The Board announce that the Company's Manager has today informed the Board of the following (En itálica):
"JEMA has been named as a defendant to civil proceedings being brought by VTB in the Russian courts which were commenced on 17 April. The claim has been brought against certain J.P. Morgan entities and relates to $439m held in a correspondent banking account with JPMCB (NY Branch) which has been blocked due to sanctions. We are not aware of any nexus between JEMA and amounts owing to VTB.
VTB has also applied for and obtained interim relief in the form of a freezing order in support of its claim. The order applies to the onshore funds in the bank accounts and securities owned by the relevant J.P. Morgan defendants, including JEMA, up to the value of VTB's claim. All such assets must remain frozen until further notice from the court. In response to the claim, JPMBI, the firm's Russian subsidiary, has applied to the court for the freezing order to be lifted and JPMCB has obtained an urgent order from the New York courts (the contractually agreed forum) requiring VTB to discontinue the proceedings. We will continue to monitor the proceedings and update you on relevant developments."
The proceedings referred to above includes JEMA's holdings in 26 Russian securities and the cash held in the Company's 'S' Account. As at 31st October 2023 the Russian securities were valued at £1.6m in the Company's accounts. The funds in the Company's 'S' Account have no value in the Company's accounts because the sum of £19.3m in the 'S' Account (as at 31st Octubre de 2023) no se reconoce como un activo en el balance de la Compañía. Esto se debe a que los fondos de la Cuenta 'S' fueron 'congelados', tras la introducción de sanciones derivadas de la invasión rusa de Ucrania en 2022.
Para obtener más detalles sobre los valores rusos de la Compañía, la Cuenta 'S' y sus otros activos, consulte el Informe Anual y los Estados Financieros de la Compañía al 31.st Octubre de 2023 disponible en la web de la Compañía www.jpmeemeasecurities.com
25 de abril de 2024
Para mayor información:
Pablo Winship
neil martin
JPMorgan Funds Limited 020 7742 4000
hugo jonathan
Numis Valores plc 020 7260 1000
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