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| TIDM | JEMA |
| Share Price | 234.32p-2.51% |
JPMorgan Emerging Europe, Middle East & Africa Securities PLC (JEMA) provided updates on Russian court cases involving VTB Bank and Sberbank. On June 3rd and June 8th, 2026, VTB Bank withdrew claims of $81.3 million, $74.5 million, and €108 million, resulting in the cancellation of associated freezing orders. Additionally, the appeal for VTB's $439.5 million claim is suspended, and Sberbank's $830,183 claim has a new hearing date of July 13th, 2026.
| Date | 8 Jun 2026 |
| Time | 17:04:15 |
| Category | Corporate updates |
| ID | 4623H |
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):
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VTB Bank claims ($81.3 million, $74.5 million and €108 million): |
Claims withdrawn.
Further to the announcement on 16th February 2026, on 3rd June 2026 and 8th June 2026 respectively, the Russian Court accepted VTB Bank's motion to withdraw the claims in response to the Anti-Suit Injunction granted in the English Court and cancelled the associated freezing orders over JPM's assets.
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VTB Bank claim ($439.5 million): |
Appeal filed to a higher court, the Court of Cassation in Russia, is currently 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.
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Sberbank claim ($830,183): |
Hearing date now 13th July 2026.
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The Board will provide further updates as the cases progress.
8th June 2026
For further information:
Joel Clopon, Neil Martin, JPMorgan Funds Limited 0800 20 40 20
Hugh Jonathan, Deutsche Numis 020 7260 1000