14 Apr 2022 09:30
LONDON STOCK EXCHANGE ANNOUNCEMENT
JPMORGAN RUSSIAN SECURITIES PLC
Legal Entity Identifier: 549300II3MHI98ZLVH37
Availability of Full Portfolio Holdings as at 28th February 2022
JPMorgan Russian Securities plc's (the Company) full portfolio holdings as at 28th February 2022 will be available to view on the Company's website shortly www.jpmrussian.co.uk This is in accordance with the usual practice of providing the Company's full portfolio on the website for the month before last.
The schedule detailing the holdings as at 28th February 2022 will include reference to the methodology for fair valuing the portfolio at that date. This information was included in the RNS announcement of the Company's daily net asset value (NAV) as at 28th February 2022, released on 1st March 2022. https://www.londonstockexchange.com/news-article/JRS/net-asset-value-s/15348887
In response to the changes that have occurred in the Russian equity markets since the 28th February 2022, the Company's methodology for fair valuing the portfolio has adapted accordingly. The methodology for fair valuing the Company's portfolio is detailed in the RNS announcement of the Company's daily NAV. The Company's latest available NAV is as at 12th April 2022. https://www.londonstockexchange.com/news-article/JRS/net-asset-value-s/15411615
While the Company has applied a fair value against these investments there is no certainty that any value will be achievable from them over the short, medium or even long term due to the factors arising following the imposition of additional sanctions against Russia.
As at 12th April 2022, the Company's unaudited net assets, after the application of a fair value, were £17,777,555 and the breakdown as a percentage of unaudited net assets was as follows:
Companies listed in Kazakhstan: 69.2% (no fair valuation applied)
MOEX traded securities 5.2% (fair valuation applied based on 25th February
2022)
GDRs and ADRs 0.3% (fair valuation applied based on 2nd March 2022)
Russian securities traded on other international stock exchanges:
9.3% (no fair valuation applied)
Cash and cash equivalents held in US$ money market funds: 16.0% (no fair valuation applied)
14th April 2022
For further information:
Paul Winship
Tim Mitchell
JPMorgan Funds Limited 020 7742 4000
Hugh Jonathan
Numis Securities plc 020 7260 1000