4 Jan 2021 12:08
JPMORGAN RUSSIAN SECURITIES PLC
(the 'Company')
Board Succession
Legal Entity Identifier: 549300C0UCY8X2QXW762
Information disclosed in accordance with Listing Rule 9.6.11
The Board of JPMorgan Russian Securities plc (the "Company") is pleased to announce the appointment of Eric Sanderson as an independent Non-executive Director of the Company with effect from 4th January 2021. The appointment was made after a thorough selection process undertaken with the assistance of a third party independent search consultancy.
Eric Sanderson is a Chartered Accountant and former CEO of British Linen Bank. He is currently Non-executive Chairman of Schroder UK Mid Cap Fund plc and Blackrock Greater Europe Investment Trust plc.
Eric Sanderson does not currently hold any shares in the Company. No further information is to be disclosed in respect of paragraphs 9.6.13 (2) - (6) of the Financial Conduct Authority's Listing Rules for Eric Sanderson.
In line with the Company's Board Succession plan, Robert Jeens will not be standing for re-election at the Company's Annual General Meeting on 2nd March 2021 and it is expected that Eric Sanderson will replace Robert Jeens as the Company's Audit Committee Chairman immediately following the AGM.
Commenting on the appointment of Eric Sanderson, Gill Nott, the Company's Chairman, said:
"Eric Sanderson is a highly experienced and well regarded Non-executive Director and Chairman with extensive knowledge of investment trusts. He will make an excellent addition to the Board and capable Chairman of the Audit Committee, particularly as he will benefit from Robert's experience during the handover period."
JPMorgan Funds Limited
Company Secretary
4th January 2021
For further information, please contact:
Paul Winship
JPMorgan Funds Limited
020 7742 4000