JPMorgan Emerging EMEA Securities Net Asset Value(s) (1936B)
31 May 2023 - 9:44PM
UK Regulatory
TIDMJEMA
RNS Number : 1936B
JPMorgan Emerging EMEA Securities
31 May 2023
JPMORGAN EMERGING EUROPE, MIDDLE EAST & AFRICA SECURITIES PLC (the 'Company')
Legal Entity Identifier: 549300II3MHI98ZLVH37
THE COMPANY ANNOUNCES THE UNAUDITED NET ASSET VALUE (NAV) As at: 30 May 2023
THE NET ASSET VALUE PER SHARE IN PENCE, INCLUDING INCOME WITH DEBT AT FAIR VALUE: 45.10
The Directors consider that in the absence of observable market data on its Russian investments
resulting from the closure of the Moscow Exchange (MOEX) to overseas investors, there has
been a material change to the market value of its Russian investments and therefore a fair
value valuation methodology has been applied to those investments held in accordance with
the established fair valuation policies and procedures of the Manager, JPMorgan Funds Limited.
For its MOEX local stock, an alternative fair value adjustment has been applied to the last
trade price on 25th February 2022. The price of these stocks has been determined by taking
the live market price as at 25th February 2022 and applying a 99% provision for valuation.
Similarly, for the American Depositary Receipts and Global Depositary Receipts an alternative
fair value adjustment has been applied to the last trade price on 2nd March 2022 and a 99%
provision for valuation applied.
Name of contact and telephone number for queries:
Paul Ainger 0044 207 742 6524
Name of authorised company official responsible for making this notification:
Paul Winship 0044 207 742 9815 - Company Secretary
Date: 31 May 2023
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