RNS Number : 1491F
JPMorgan Emerging EMEA Securities
28 October 2025
 

 

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 updates from JPMorgan Funds Limited (the Company's Manager) (in italics):

 

 

"VTB Bank claim ($439.5 million):        Appeal filed to a higher court, the Court of Cassation, which is due to be heard on 15th December 2025.  We understand, but cannot confirm, that enforcement will not be sought by VTB prior to the Court of Cassation's decision being provided. 

 

VTB Bank claim ($81.3 million):                        The case is under a court suspension ruling.

 

VTB Bank claim ($74.5 million):            The case is under a court suspension ruling.

 

VTB Bank claim (€108 million):             The case is under a court suspension ruling.

 

Sberbank claim ($830,183):                    Hearing date 17th November 2025." 

 

The Board will provide further updates as the cases progress.

 

28th October 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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