Last checked at 22 Aug 2023 10:42
JPMORGAN EMERGING EUROPE, MIDDLE EAST & AFRICA SECURITIES PLC (the 'Company') |
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Legal Entity Identifier: 549300II3MHI98ZLVH37 | |
THE COMPANY ANNOUNCES THE UNAUDITED NET ASSET VALUE (NAV) As at: 21 August 2023 | |
THE NET ASSET VALUE PER SHARE IN PENCE, INCLUDING INCOME WITH DEBT AT FAIR VALUE: | 46.53 |
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: 22 August 2023 | |