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| TIDM | JEMA |
| Share Price | 234.41p-0.85% |
JPMorgan Emerging Europe, Middle East & Africa Securities PLC (JEMA) announced an update on 15 December 2025 regarding Russian court cases filed by VTB Bank and Sberbank against JEMA and eight J.P. Morgan legal entities. The lawsuits involve claims totalling $439.5m, $81.3m, $74.5m, €108m from VTB and $830,183 from Sberbank. An appeal for the $439.5m VTB claim is scheduled for 19th January 2026, the Sberbank claim hearing is set for 28th January 2026, and the remaining three VTB claims are under court suspension rulings.
| Date | 15 Dec 2025 |
| Time | 16:16:58 |
| Category | Miscellaneous |
| ID | 6393L |
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 now due to be heard on 19th January 2026.
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 now 28th January 2026."
The Board will provide further updates as the cases progress.
15th December 2025
For further information:
Paul Winship, Neil Martin, JPMorgan Funds Limited 0800 20 40 20
Hugh Jonathan, Deutsche Numis 020 7260 1000