Barings Emerging EMEA Board response to latest sanctions against Russia

 
TIDMBEMO 
 
Barings Emerging EMEA Opportunities PLC 
                                (the "Company") 
 
 "Finding quality companies from Emerging Europe, the Middle East and Africa" 
 
               Board response to latest sanctions against Russia 
 
Following the ongoing announcements from various authorities globally, with 
regard to Russian persons and entities subject to sanctions, the Board of 
Barings Emerging EMEA Opportunities Plc (the 'Company') confirms that the 
Company's Manager is continuing to evaluate the impact of sanctions on the 
Company and its portfolio. 
 
The NAV as at 28 February 2022 has been adjusted to reflect the Board's 
assessment of Fair Value. Following the restrictions of sales from the Russian 
exchange, the Company has seen limitations in the ability to sell Russian 
securities and the investments held. Those investments which are listed on the 
Moscow Exchange have been valued at zero, until such as time as the market 
begins to function in a way deemed appropriate. The remainder of the portfolio 
invested in Russia is held in depository receipts, or listed on other 
exchanges, which as of today remain tradable and therefore continue to be 
marked to market. Any remaining withholding tax relating to Russian stocks has 
been valued at zero. 
 
Following the change of investment mandate, previously approved by 
shareholders, the weighting of stocks attributable to Russia remaining within 
the portfolio has fallen below historic levels. Combined with the sale of 
holdings initiated by the Manager in the past few days and the reassessment of 
Fair Values, as described above, Russian securities represent 6.29% of NAV (or 
£5,366,564) as at 28 February 2022. The Company continues to operate within its 
stated objective and investment policies. 
 
The Board and Manager will continue to monitor the situation and make further 
adjustments as and when considered necessary to better reflect the Fair Value 
of the Company's investments in Russia. 
 
1 March 2022 
 
LEI: 213800HLE2UOSVAP2Y69 
 
Barings Emerging EMEA Opportunities PLC, via J.P. Morgan 
Cazenove 
 
Frances Daley (Chairman) 
 
J.P. Morgan Cazenove                                        +44 (0)20 7742 
                                                            4000 
 
William Simmonds 
 
Media enquiries 
 
Quill PR                                                    +44 (0)20 7466 
                                                            5050 
 
Nick Croysdill, Andreea Caraveteanu 
 
About Barings Emerging EMEA Opportunities PLC 
 
"Finding quality companies from Emerging Europe, the Middle East and Africa." 
 
Barings Emerging EMEA Opportunities PLC (the "Company") is a UK based 
investment trust that was launched on 18 December 2002 and is managed by Baring 
Fund Managers Limited. 
 
In November 2020, the Company broadened its investment policy to focus on 
growth and income from quality companies in the Emerging Europe, Middle East 
and Africa ("EMEA") region. It also changed its name from Baring Emerging 
Europe PLC to Barings Emerging EMEA Opportunities PLC at the same time. 
 
For more information, and to sign up for regular updates, please visit the 
Company's website: www.bemoplc.com 
 
 
 
END

(END) Dow Jones Newswires

March 01, 2022 09:42 ET (14:42 GMT)

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