JPMorgan Russian Securities PLC Portfolio Update (2991N)
May 30 2022 - 12:11PM
UK Regulatory
TIDMJRS
RNS Number : 2991N
JPMorgan Russian Securities PLC
30 May 2022
LONDON STOCK EXCHANGE ANNOUNCEMENT
JPMORGAN RUSSIAN SECURITIES PLC
Legal Entity Identifier: 549300II3MHI98ZLVH37
Update from the Board of JPMorgan Russian Securities plc
As at 27(th) May 2022, the Company's unaudited total assets,
after the application of a fair value, were GBP17.3m and the
breakdown as a percentage was as follows:
Companies listed in Kazakhstan: 0% (no fair valuation applied).
These holdings had been fully divested by 27(th) May 2022.
MOEX traded securities 6.0% (fair valuation applied based on
25(th) February
2022)
GDRs and ADRs 0.3% (fair valuation applied based on 2(nd) March
2022)
Russian securities traded on other international stock
exchanges:
0.9% (no fair valuation applied)
Cash and cash equivalents held in US$ money market funds: 92.8%
(no fair valuation applied). Includes the proceeds of sale
following divestment of companies listed in Kazakhstan as referred
to above.
While the Company has applied a fair value against some of the
above mentioned investments, there is no certainty that any value
will be achievable from them over the short, medium or even long
term due to the factors arising following the imposition of
additional sanctions against Russia.
30(th) May 2022
For further information:
Paul Winship
Tim Mitchell
JPMorgan Funds Limited 020 7742 4000
Hugh Jonathan
Numis Securities plc 020 7260 1000
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