LONDON STOCK EXCHANGE ANNOUNCEMENT
JPMORGAN RUSSIAN SECURITIES PLC
Legal Entity Identifier:
Board response to recent additional US sanctions against Russia
Following the announcement on the 6th April 2018 from the U.S. Treasury's Office of Foreign Assets Control (OFAC) of additional persons and entities subject to targeted sanctions under the Ukraine / Russia program, the Board notes that only one of the companies that JPMorgan Russian Securities plc holds in its portfolio - United Company Rusal - is directly subject to the additional sanctions as referred to above. Rusal represented approximately 1% of the Company's portfolio as at 28th February 2018.
The Board of JPMorgan Russian Securities plc confirms that JPMorgan Asset Management is working with OFAC to implement the necessary actions in order to be compliant with the newly introduced sanctions.
The Board continues to track developments in the region closely, with the assistance of JPMorgan Asset Management's investment functions and compliance, and the Company remains invested within the Company's guidelines.
13th April 2018
For further information:
JP Morgan Funds Limited 020 7742 4000
Numis Securities Limited 020 7260 1263
This information is provided by RNS