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16-Nov-2018
(C)
Total income for the interim period decreased to EUR123 million (2017: EUR186 million), loss attributable |to the shareholders of the Company narrowed to EUR251 million (2017: loss of EUR572 million), while headline loss per share lowered to EUR128 cents per share (2017: headline loss of EUR292 cents per share).



Dividend

A cash dividend of EUR0.18 per share totalling some EUR35 million was paid in September 2018, following approval at the annual general meeting on 28 August 2018. The Company only declares an annual dividend.
22-Oct-2018
(Official Notice)
As at 30 September 2018, the net asset value ('NAV') of the Fund amounted to EUR4 822 million, a decrease of EUR39 million from 30 June 2018.



This valuation reflects the Fund's shareholding in British American Tobacco p.l.c., its other investments and cash resources, together with other assets and liabilities. Assets and liabilities have been revalued to their estimated fair values as at 30 September 2018. The NAV calculation has not been audited.



The entire ordinary share capital of the Fund is owned by Reinet Investments S.C.A. In addition, 1 000 management shares in the Fund are held by Reinet Fund Manager S.A.
28-Aug-2018
(Official Notice)
28-Aug-2018
(Official Notice)
28-Aug-2018
(Official Notice)
Ahead of its annual general meeting to be held later on Tuesday, 28 August 2018 in Luxembourg, Reinet Investment S.C.A. (the "Company") announces that its shareholders will be asked to resolve to authorise the Company to acquire ordinary shares up to 20% of the Company's issued ordinary share capital for valuable consideration, on any one or combination of the Luxembourg Stock Exchange, Euronext Amsterdam or the Johannesburg Stock Exchange, within the limits as set in the resolution.
21-Aug-2018
(Official Notice)
27-Jul-2018
(Official Notice)
Reinet Investments Manager SA, acting on behalf of Reinet Investments SCA (the 'company'), announced that the annual report for the year ended 31 March 2018 is available for download at www.reinet.com/investor-relations/reports.html and the notice of the 2018 annual general meeting is available for download at www.reinet.com/investor-relations/company-announcements.html.



Copies of the annual report may be obtained from the registered office of the company at the address below or by contacting info@reinet.com.



The annual report reflects the information which was released in the company's annual results announcement for the year ended 31 March 2018, which was issued on 23 May 2018.



Data protection matters:

The company has updated its data protection policies in light of the General Data Protection Regulation. Shareholders of the company are invited to refer to the Data Protection Information Notice available on the company's website (www.reinet.com/investor-relations/data-protection.html), which is intended to provide them with detailed information regarding the processing of their personal data. Users of the company's website are invited to refer to the Privacy Policy available on the website (www.reinet.com/privacy-policy.html) to obtain information regarding the processing of their personal data resulting from the use of the company's website and/or from requests made via the company's website.
24-Jul-2018
(Official Notice)
The board of Reinet Investments Manager S.A. announces the results of Reinet Investments S.C.A. for the quarter ended 30 June 2018.



Key financial data

? Net asset value at 30 June 2018: EUR 4 857 million, a decrease of EUR 270 million or 5.3 per cent from EUR 5 127 million at 31 March 2018

? Net asset value per share at 30 June 2018: EUR 24.79 (31 March 2018: EUR 26.17)

? Commitments totalling EUR 19 million in respect of new and existing investments made during the quarter, and a total of EUR 86 million funded during the quarter

? Dividends received from British American Tobacco during the period amounted to EUR 38 million



Reinet Investments S.C.A. (the 'company') is a partnership limited by shares incorporated in the Grand Duchy of Luxembourg and having its registered office at 35, boulevard Prince Henri, L-1724 Luxembourg. It is governed by the Luxembourg law on securitisation and in this capacity allows its shareholders to participate indirectly in the portfolio of assets held by its wholly-owned subsidiary Reinet Fund S.C.A., F.I.S. ('Reinet Fund'), a specialised investment fund also incorporated in Luxembourg. The company's ordinary shares are listed on the Luxembourg Stock Exchange, Euronext Amsterdam and the Johannesburg Stock Exchange; the listing on the Johannesburg Stock Exchange is a secondary listing. The company's ordinary shares are included in the 'LuxX' index of the principal shares traded on the Luxembourg Stock Exchange. The Company and Reinet Fund together with Reinet Fund's subsidiaries are referred to as 'Reinet'.
23-Jul-2018
(Official Notice)
Reinet's wholly-owned subsidiary, Reinet Fund S.C.A., F.I.S. has announced its net asset value as at 30 June 2018.



As at 30 June 2018, the net asset value ('NAV') of the Fund amounted to EUR4 861 million, a decrease of EUR268 million from 31 March 2018, which is principally due to the decrease in value of the Fund's investment in British American Tobacco p.l.c. during the period.



This valuation reflects the Fund's shareholding in British American Tobacco p.l.c., its other investments and cash resources, together with other assets and liabilities. Assets and liabilities have been revalued to their estimated fair values as at 30 June 2018. The NAV calculation has not been audited.



The entire ordinary share capital of the Fund is owned by Reinet In addition, 1 000 management shares in the Fund are held by Reinet Fund Manager S.A.



The net asset position of the Fund is a substantial element of the consolidated balance sheet of Reinet at 30 June 2018. However, the consolidated balance sheet of Reinet will reflect other parent company assets and liabilities, including amounts payable to or receivable from the Fund. As such, the net asset value of Reinet Investments differs from that of the Fund.

23-May-2018
(Official Notice)
23-May-2018
(C)
Total income for the year shot up to EUR262 million (EUR166 million). Loss attributable to shareholders came to EUR843 million (profit of EUR813 million). Furthermore, headline loss per share came to EUR4.30 per share (headline earnings of EUR4.15 per share).



Dividend

The board of directors of Reinet proposes a dividend of EUR0.18 per share, payable in September 2018. This represents an increase of 9 per cent over the dividend paid last year.



Changes to the board of directors and board of overseers

Mr Eloy Michotte retired from the board of directors in May 2018 and Mr Denis Falck will retire from the board of Overseers at the annual general meeting in August 2018. Both gentlemen have given nearly 10 years of service to Reinet.



Outlook

The last year has once again shown that we live in a very uncertain and unpredictable world. Political changes in many countries, significant fluctuations in currency values and in Reinet's instance the large decrease in the value of British American Tobacco shares were all unexpected. The ability of markets in general to withstand some of these shocks are tested regularly. Slowly rising interest rates and declining central bank support will add more risk and volatility to world markets. Reinet will remain focussed on investing for the long-term and maintain its prudent approach in order to mitigate these risks.



Many people across the Reinet organisation and its investee companies have contributed to Reinet's performance.
30-Apr-2018
(Official Notice)
Net asset value statement as at 31 March 2018



As at 31 March 2018, the net asset value ('NAV') of the Fund amounted to EUR 5 129m, a decrease of EUR 567m from 31 December 2017, which is principally due to the decrease in value of the Fund's investment in British American Tobacco p.l.c. during the period. This valuation reflects the Fund's shareholding in British American Tobacco p.l.c., its other investments and cash resources, together with other assets and liabilities. Assets and liabilities have been revalued to their estimated fair values as at 31 March 2018. The NAV calculation is subject to completion of the year-end audit.



The entire ordinary share capital of the Fund is owned by Reinet Investments S.C.A. In addition, 1 000 management shares in the Fund are held by Reinet Fund Manager S.A.



The net asset position of the Fund is a substantial element of the consolidated balance sheet of Reinet Investments S.C.A. at 31 March 2018. However, the consolidated balance sheet of Reinet Investments S.C.A. will reflect other parent company assets and liabilities, including amounts payable to or receivable from the Fund. As such, the net asset value of Reinet Investments S.C.A. differs from that of the Fund.



It is anticipated that the preliminary announcement of the results of Reinet Investments S.C.A. for the year ended 31 March 2018 and its net asset value at that date will be released during the week commencing 21 May 2018.
24-Jan-2018
(Official Notice)
23-Jan-2018
(Official Notice)
As at 31 December 2017, the net asset value ('NAV') of the Fund amounted to EUR 5 696 million, an increase of EUR 297 million from 30 September 2017, which is principally due to the increase in value of the Fund's investment in British American Tobacco plc during the period.



This valuation reflects the Fund?s shareholding in British American Tobacco p.l.c., its other investments and cash resources, together with other assets and liabilities. Assets and liabilities have been revalued to their estimated fair values as at 31 December 2017. The NAV calculation has not been audited.



The entire ordinary share capital of the Fund is owned by Reinet Investments S.C.A. In addition, 1 000 management shares in the Fund are held by Reinet Fund Manager S.A.



The net asset position of the Fund is a substantial element of the consolidated balance sheet of Reinet Investments S.C.A. at 31 December 2017. However, the consolidated balance sheet of Reinet Investments S.C.A. will reflect other parent company assets and liabilities, including amounts payable to or receivable from the Fund. As such, the net asset value of Reinet Investments S.C.A. differs from that of the Fund.

29-Nov-2017
(Official Notice)
Currently, Reinet Depositary Receipts trade in the ratio of ten Depositary Receipts to one Reinet Share. The Depositary Receipts issued by Reinet Securities SA to Holders in respect of Reinet Shares will be replaced by Relevant Reinet Shares in the ratio of 1 Relevant Reinet Share for every 10 Depositary Receipts held.



Relevant Shareholders shall not hold fractions of Relevant Reinet Shares. One fraction is one tenth of a Relevant Reinet Share (a "Fraction"). If the aggregate number of the Relevant Reinet Shares due to a Relevant Shareholder is not a whole number, then the number of Relevant Reinet Shares to be held by that Relevant Shareholder shall be rounded down to the nearest whole number, such that the Relevant Shareholder does not hold Fractions.



Reinet Securities SA shall pay an amount in cash, based on the 10-day VWAP of the Depositary Receipt as at the Register LDT, to Holders in lieu of their Fractions.



Cash amount to be paid to Holders in lieu of Fractions

The 10-day VWAP of the Depositary Receipts as at the Register LDT is R30.09703. Based on the ratio of 10 Depositary Receipts to 1 Relevant Reinet Share, Reinet Securities SA will accordingly settle the Fractions, through Computershare and the Holders' relevant Strate CSD participants and Brokers, based on an amount of R300.97033 for every Relevant Reinet Share.
24-Nov-2017
(Official Notice)
Reinet announced that the interim report for the period ended 30 September 2017 is available for download from the Company's website - www.reinet.com. The interim report reflects the information included in the Company's interim results announcement for the period ended 30 September 2017, which was issued on 16 November 2017.
20-Nov-2017
(Official Notice)
On 14 November 2017, the Company's ordinary shares began trading on Euronext Amsterdam. The listing of the Company?s ordinary shares on Euronext Amsterdam, in addition to the listing on the Luxembourg Stock Exchange, will grant the investors in the Company access to another market trading platform which should make it easier to trade in the Company?s ordinary shares.



On 29 November 2017, the Depositary Receipts will be suspended from trading on the JSE and the Relevant Reinet Shares will be listed on the JSE under ISIN LU0383812293 and code RNI.



From Monday, 4 December 2017, the Reinet Shares will be able to be moved, subject to exchange control regulations as applicable, between the clearing and settlement systems for the Dutch, Luxembourgish and South African stock exchanges (Euroclear, Clearsteam and Strate) through the inter-custodial linkage mechanism provided through Citibank South Africa. The process to effect cross-border trades from Monday, 4 December 2017 is detailed in the Appendix to this announcement.



Suspension of cross-border conversions

On Tuesday, 21 November 2017, cross-border conversions of Depositary Receipts to Reinet Shares and of Reinet Shares to Depositary Receipts under the current cross-border process will be suspended.

16-Nov-2017
(C)
Total income for the interim period grew to EUR186 million (EUR147 million) whilst loss attributable to the company came to EUR572 million (profit of EUR321 million). In addition, headline loss per share was EUR29.2cps (earnings of EUR16.4cps).



Dividend

A dividend of EUR 0.165 per share totalling some EUR 32 million was paid in September 2017, following approval at the annual general meeting on 29 August 2017. No interim dividend is proposed in respect of the six months ended 30 September 2017.



14-Nov-2017
(Official Notice)
Reinet announced the results of the vote to amend and terminate the Deposit Agreement. The Directors announced that Holders of Depositary Receipts supported the Proposed Transaction by carrying the Resolution. Accordingly, the Implementation Date of the Proposed Transaction shall be Monday, 4 December 2017, following the automatic cancellation of the Depositary Receipt programme.



Full details of the Resolution, together with explanatory notes, are set out in the Circular distributed to Holders on Monday, 23 October 2017 and which is available on the Company's website: www.reinet.com.



Background

On Monday, 2 October 2017, the Company issued an announcement relating to the Company's intention to undertake certain steps with a view to improving liquidity in the market for Reinet Shares, which were at that date listed and traded on the Luxembourg Stock Exchange and have been admitted to trading on Euronext Amsterdam on Tuesday, 14 November 2017. The announcement included the Board's intention to substitute Depositary Receipts with Relevant Reinet Shares to Holders and the cancellation of the Company's Depositary Receipt programme in South Africa. The Depositary Receipts issued by Reinet Securities SA to Holders in respect of Relevant Reinet Shares will be replaced with Relevant Reinet Shares in the ratio of 1 Relevant Reinet Share for every 10 Depositary Receipts held. The Relevant Reinet Shares will be secondary listed on the JSE.

14-Nov-2017
(Official Notice)
Reinet Investments Manager S.A., acting on behalf of Reinet Investments S.C.A. (the "Company") announces that the Company (Euronext ticker symbol: REINA), began trading on Tuesday, 14 November 2017, on Euronext Amsterdam.



The listing of the Company's ordinary shares on Euronext Amsterdam, in addition to the listing on the Luxembourg Stock Exchange, will grant the investors in the Company access to another market trading platform which should make it easier to trade in the Company's ordinary shares. As Euronext Amsterdam is broadly recognised for its diverse and international investor base, this new listing will provide the Company with increased access to investors with the resulting potential to broaden its shareholder base.

07-Nov-2017
(Official Notice)
Reinet Investments Manager S.A., acting on behalf of Reinet, announced that the Company's application to an admission to listing and trading of its ordinary shares on the regulated market of Euronext in Amsterdam has been approved by the Euronext Listing Board on 3 November 2017. The Company's listing is expected to become effective on 14 November 2017. The summary prospectus in relation to the listing of the Company's ordinary shares on Euronext Amsterdam is available for download on the Company's website via www.reinet.com/investor-relations/amsterdam-listing-euronext.html.
23-Oct-2017
(Official Notice)
20-Oct-2017
(Official Notice)
Reinet Investments SCA's wholly-owned subsidiary, Reinet Fund SCA, F.I.S. announced its net asset value as at 30 September 2017 as follows:



As at 30 September 2017, the net asset value ('NAV') of the Fund amounted to EUR5 399 million, a decrease of EUR424 million from 30 June 2017, which is principally due to the decrease in value of the Fund's investment in British American Tobacco p.l.c. during the period.



This valuation reflects the Fund's shareholding in British American Tobacco p.l.c., its other investments and cash resources, together with other assets and liabilities. Assets and liabilities have been revalued to their estimated fair values as at 30 September 2017. The NAV calculation has not been audited.



The entire ordinary share capital of the Fund is owned by Reinet Investments S.C.A. In addition, 1 000 management shares in the Fund are held by Reinet Fund Manager S.A.



The net asset position of the Fund is a substantial element of the consolidated balance sheet of Reinet Investments S.C.A. at 30 September 2017. However, the consolidated balance sheet of Reinet Investments S.C.A. will reflect other parent company assets and liabilities, including amounts payable to or receivable from the Fund. As such, the net asset value of Reinet Investments S.C.A. differs from that of the Fund.
02-Oct-2017
(Official Notice)
Reinet announced its intention to undertake certain steps with a view to improving liquidity in the market for the Company's ordinary shares (the "Reinet Luxembourg Shares") currently listed and traded on the Luxembourg Stock Exchange.



Key elements of the proposals

Following a review of the way in which Reinet Luxembourg Shares are held and traded, the board of directors of Reinet Investments Manager S.A. (the "Board") has resolved to:

* Apply for a listing for the Reinet Luxembourg Shares on Euronext Amsterdam, in addition to the Company's listing of the Reinet Luxembourg Shares on the Luxembourg Stock Exchange.

* Deliver Reinet Luxembourg Shares to holders of depository receipts and cancel the Company's depository receipt programme in South Africa. The depository receipts issued by Reinet Securities SA in respect of Reinet Luxembourg Shares will be replaced by Reinet Luxembourg Shares and holders of depository receipts will thereafter hold Reinet Luxembourg Shares directly. The Reinet Luxembourg Shares will then be listed on the Johannesburg Stock Exchange (the "JSE").

* Put in place a simplified structure to facilitate cross-border trading in Reinet Luxembourg Shares between investors on the Luxembourg Stock Exchange, Euronext Amsterdam and the JSE.



Subject to obtaining the necessary approvals, it is envisaged that these proposals will be implemented in stages. Please see the Appendix to this announcement for further details on the expected timetable.
29-Aug-2017
(Official Notice)
The total dividend of EUR0.16500 per share, as recommended by Reinet has been approved by shareholders of Reinet at the annual general meeting held today, 29 August 2017 in Luxembourg.



Accordingly it is confirmed that a dividend of 25.97100 ZAR cents per DR issued by Reinet Securities SA (20.77680 ZAR cents net of South African dividend tax) will be paid on 15 September 2017. Please refer to the SENS announcement of 29 August 2017 for full details of the dividend payable to DR holders.



DRs are issued subject to the terms of the Deposit Agreement entered into on 17 October 2008, most recently amended on 15 December 2010. By holding DRs, investors acknowledge that they are bound by the terms of the Deposit Agreement. Copies of the Deposit Agreement may be obtained by investors from Reinet Securities SA or Computershare Investor Services (Pty) Ltd.



Reinet Securities SA may appoint a depository agent or other parties to assist in the administration of the DR programme and may provide to such agents such information as it deems to be appropriate, including information relating to the identity of holders of DRs.





29-Aug-2017
(Official Notice)
At the annual general meeting of Reinet Investments S.C.A. (the 'Company') held earlier today in Luxembourg, a total of 139 168 376 ordinary shares (71.03%) out of a total of 195 941 286 ordinary shares and all the 1 000 management shares were present or represented by proxy. The shareholders approved all of the matters tabled at the annual general meeting. Specifically, the financial statements of the Company and the consolidated financial statements for the accounting year ended 31 March 2017 were approved and the General Partner and all members of the Board of Overseers who have been in office during the period were granted discharge of liability for the performance of their duties. A cash dividend of EUR 0.165 per share was approved and will be payable on 8 September 2017. The remaining available retained earnings of the Company, after payment of the dividend, are to be carried forward to the next business year. Shareholders also re-elected Mr Denis Falck, Mr John Li, Mr Yves Prussen and Mr Stuart Rowlands to serve as members of the Board of Overseers for the year ending at the next annual general meeting.
29-Aug-2017
(Official Notice)
At the extraordinary general meeting of Reinet Investments S.C.A. (the 'Company') held earlier in Luxembourg, a total of 143 786 889 ordinary shares (or 73.38%) out of a total of 195 941 286 ordinary shares and all the 1 000 management shares were present or represented by proxy. The shareholders approved the amendment to article 20 of the articles of association to hold the annual meeting of shareholders within six months of the end of each accounting year on a date to be determined by the general partner, rather than on a fixed day of the week as in prior years.
29-Aug-2017
(Official Notice)
26-Jul-2017
(Official Notice)
The Board of Reinet Investments Manager SA announced the results of Reinet for the quarter ended 30 June 2017.



Key financial data

* Net asset value at 30 June 2017: EUR5 820 million, a decrease of EUR182 million or 3 per cent from EUR6 002 million at 31 March 2017

* Net asset value per share at 30 June 2017: EUR29.70 (31 March 2017: EUR30.63)

* Dividends received from British American Tobacco during the period amounted to EUR95 million



Reinet (the 'Company') is a partnership limited by shares incorporated in the Grand Duchy of Luxembourg and having its registered office at 35, boulevard Prince Henri, L-1724 Luxembourg. It is governed by the Luxembourg law on securitisation and in this capacity allows its shareholders to participate indirectly in the portfolio of assets held by its wholly-owned subsidiary Reinet Fund S.C.A., F.I.S. ('Reinet Fund'), a specialised investment fund also incorporated in Luxembourg. The Company's ordinary shares are listed on the Luxembourg Stock Exchange, the primary listing, and the depository receipts issued by Reinet Securities SA in respect of the Company's ordinary shares are listed on the Johannesburg Stock Exchange, the secondary listing. The Company's ordinary shares are included in the 'LuxX' index of the principal shares traded on the Luxembourg Stock Exchange. The Company and Reinet Fund together with Reinet Fund's subsidiaries are referred to as 'Reinet'.
24-Jul-2017
(Official Notice)
Reinet announced its net asset value as at 30 June 2017, the net asset value ('NAV') of the Fund amounted to EUR5 823 million, a decrease of EUR181 million from 31 March 2017. This valuation reflects the Fund's shareholding in British American Tobacco plc, its other investments and cash resources, together with other assets and liabilities. Assets and liabilities have been revalued to their estimated fair values as at 30 June 2017. The NAV calculation has not been audited.
21-Jul-2017
(Official Notice)
Reinet Investments Manager S.A., acting on behalf of Reinet (the 'company'), announced that the annual report for the year ended 31 March 2017 is available for download from the company's website - www.reinet.com.



Copies of the report will be mailed on 21 July 2017 to all registered holders of depository receipts issued by Reinet Securities SA in respect of the company's shares and to other parties who have requested a copy. Copies of the report may be obtained from the registered office of the company at the address below or by contacting info@reinet.com.



The annual report reflects the information which was released in the company's annual results announcement for the year ended 31 March 2017, which was issued on 23 May 2017.



23-May-2017
(Official Notice)
23-May-2017
(C)
During the course of the year under review, the company's net asset value increased by 15 per cent to some EUR 6 billion at 31 March 2017. This increase reflects significant increases in the value of Reinet's investments in British American Tobacco and Pension Corporation, offset to some degree by the weakening of sterling against the euro during the year. Headline earnings per share amounted to EUR 4.15 cents per share (2016: EUR0.89 cents per share).



Dividend

The Board of Reinet Investments Manager S.A. proposes a dividend of EUR 0.165 per share, payable in September 2017. This represents an increase of 2.5 per cent over the dividend paid last year.



Outlook

The past twelve months have seen considerable upheaval in the global political environment, introducing further elements of uncertainty. The overall economic situation in the United States, Europe and Asia does, however, seem to be improving. Together with our partners, we see opportunities in the markets that we invest in and Reinet will continue to invest for the long-term, maintaining a prudent approach. I would like to take this opportunity to thank the members of our boards, management, the advisory team and our partners in the investee companies for their contribution to Reinet's performance during the year.
02-May-2017
(Official Notice)
As at 31 March 2017, the net asset value ('NAV') of the Fund amounted to EUR6 004 million, an increase of EUR522 million from 31 December 2016.



This valuation reflects the Fund's shareholding in British American Tobacco p.l.c., its other investments and cash resources, together with other assets and liabilities. Assets and liabilities have been revalued to their estimated fair values as at 31 March 2017. The NAV calculation is subject to completion of the year-end audit.



The entire ordinary share capital of the Fund is owned by Reinet Investments S.C.A. In addition, 1 000 management shares in the Fund are held by Reinet Fund Manager S.A.



The net asset position of the Fund is a substantial element of the consolidated balance sheet of Reinet Investments S.C.A. at 31 March 2017. However, the consolidated balance sheet of Reinet Investments S.C.A. will reflect other parent company assets and liabilities, including amounts payable to or receivable from the Fund. As such, the net asset value of Reinet Investments S.C.A. differs from that of the Fund.



It is anticipated that the preliminary announcement of the results of Reinet Investments S.C.A. for the year ended 31 March 2017 and its net asset value at that date will be released during the week commencing 22 May 2017.



24-Jan-2017
(Official Notice)
The board of Reinet Investments Manager S.A. announces the results of Reinet Investments S.C.A. for the quarter ended 31 December 2016.



Key financial data

*Net asset value at 31 December 2016: EUR5 480 million, a decrease of EUR30 million from 30 September 2016

*Net asset value per share at 31 December 2016: EUR27.97 (30 September 2016: EUR28.12)

*Repayment of borrowings and derivative liabilities of EUR108 million during the quarter

*Commitments amounting to EUR27 million were funded during the quarter



Net asset value

The decrease in the NAV of EUR30 million during the quarter is largely a result of movements in the fair value of British American Tobacco p.l.c. ('BAT') and increases in the estimated fair value of loans payable. Partially offsetting these decreases in NAV are the increase in the estimated fair value of Pension Insurance Corporation Group Ltd., a decrease in the estimated fair value of derivative liabilities associated with the collar financing due to a decrease in the BAT share price, and the effect of the strengthening of sterling and the US dollar against the euro in the quarter.



The Company records its assets and liabilities in euro; the appreciation of other currencies against the euro has resulted in an increase in the value of certain assets and liabilities in euro terms. Applying current quarter end exchange rates to the September 2016 assets and liabilities would have resulted in an increase in value of some EUR127 million.







20-Jan-2017
(Official Notice)
Reinet Investments SCA's wholly-owned subsidiary, Reinet Fund SCA, FIS has announced its net asset value as at 31 December 2016 as follows:



Net asset value statement as at 31 December 2016

As at 31 December 2016, the net asset value ('NAV') of the Fund amounted to EUR 5 482 million, a decrease of EUR 29 million from 30 September 2016.



This valuation reflects the Fund's shareholding in British American Tobacco plc, its other investments and cash resources, together with other assets and liabilities. Assets and liabilities have been revalued to their estimated fair values as at 31 December 2016. The NAV calculation has not been audited.



The entire ordinary share capital of the Fund is owned by Reinet Investments SCA In addition, 1 000 management shares in the Fund are held by Reinet Fund Manager SA.



The net asset position of the Fund is a substantial element of the consolidated balance sheet of Reinet Investments SCA at 31 December 2016. However, the consolidated balance sheet of Reinet Investments SCA will reflect other parent company assets and liabilities, including amounts payable to or receivable from the Fund. As such, the net asset value of Reinet Investments SCA differs from that of the Fund.
30-Nov-2016
(Official Notice)
Reinet announced that the interim report for the period ended 30 September 2016 is available for download from the Company's website - www.reinet.com. The interim report reflects the information included in the Company's interim results announcement for the period ended 30 September 2016, which was issued on 15 November 2016. Copies of the report will be mailed to parties who have requested them. Copies of the report may be obtained from the registered office of the Company at the address below or by contacting info@reinet.com.
15-Nov-2016
(C)
Income for the interim period came in at EUR147 million (September 2015: EUR240 million). Profit attributable to shareholders grew to EUR321 million (September 2015: EUR38 million). In addition, headline earnings per share was recorded at EUR164 cps (September 2015: EUR19 cps).



Dividend

No interim dividend is proposed in respect of the six months ended 30 September 2016.



21-Oct-2016
(Official Notice)
Reinet's wholly-owned subsidiary, Reinet Fund S.C.A., F.I.S. has announced its net asset value as at 30 September 2016 as follows:



Reinet Fund S.C.A., F.I.S. ('the Fund')



Net asset value statement as at 30 September 2016



As at 30 September 2016, the net asset value ('NAV') of the Fund amounted to EUR 5 511 million, a decrease of EUR 5 million from 30 June 2016.



This valuation reflects the Fund's shareholding in British American Tobacco p.l.c., its other investments and cash resources, together with other assets and liabilities. Assets and liabilities have been revalued to their estimated fair values as at 30 September 2016. The NAV calculation has not been audited.



The entire ordinary share capital of the Fund is owned by Reinet In addition, 1 000 management shares in the Fund are held by Reinet Fund Manager S.A.



The net asset position of the Fund is a substantial element of the consolidated balance sheet of Reinet at 30 September 2016. However, the consolidated balance sheet of Reinet will reflect other parent company assets and liabilities, including amounts payable to or receivable from the Fund. As such, the net asset value of Reinet differs from that of the Fund.
01-Sep-2016
(Official Notice)
At the eighth (8th) annual general meeting ("AGM") of the shareholders of Reinet Investments S.C.A. held on 30 August 2016 all the ordinary resolutions proposed at the meeting were approved by the requisite majority of votes.



30-Aug-2016
(Official Notice)
The total dividend of EUR 0.16100 per share, as recommended by Reinet has been approved by shareholders of Reinet at the annual general meeting held today, 30 August 2016 in Luxembourg.



Accordingly it is confirmed that a dividend of 26.00231 ZAR cents per DR issued by Reinet Securities SA (22.10196 ZAR cents net of South African dividend tax) will be paid on 16 September 2016. Please refer to the SENS announcement of 30 August 2016 for full details of the dividend payable to DR holders.



DRs are issued subject to the terms of the Deposit Agreement entered into on 17 October 2008, most recently amended on 15 December 2010. By holding DRs, investors acknowledge that they are bound by the terms of the Deposit Agreement. Copies of the Deposit Agreement may be obtained by investors from Reinet Securities SA or Computershare Investor Services (Pty) Limited.



Reinet Securities SA may appoint a depository agent or other parties to assist in the administration of the DR programme and may provide to such agents such information as it deems to be appropriate, including information relating to the identity of holders of DRs.
30-Aug-2016
(Official Notice)
At the annual general meeting of Reinet Investments S.C.A. (the 'company') held earlier today in Luxembourg, a total of 134 158 656 ordinary shares (68.47%) out of a total of 195 941 286 ordinary shares and all the 1 000 management shares were present or represented by proxy.



The shareholders approved all of the matters tabled at the annual general meeting. Specifically, the financial statements of the company and the consolidated financial statements for the accounting year ended 31 March 2016 were approved and the General Partner and all members of the board of Overseers who have been in office during the period were granted discharge of liability for the performance of their duties.



A cash dividend of EUR 0.161 per share was approved and will be payable on 9 September 2016. The remaining available retained earnings of the company, after payment of the dividend, are to be carried forward to the next business year.



Shareholders also re-elected Mr Denis Falck, Mr John Li and Mr Yves Prussen and elected Mr Stuart Rowlands to serve as members of the board of Overseers for the year ending at the next annual general meeting.
30-Aug-2016
(Official Notice)
26-Jul-2016
(Official Notice)
The Board of Reinet Investments Manager S.A. announces the results of Reinet Investments S.C.A. for the quarter ended 30 June 2016.



Key financial data

* Net asset value at 30 June 2016: EUR 5 515 million, an increase of EUR 294 million or 6 per cent from EUR 5 221 million at 31 March 2016

* Net asset value per share at 30 June 2016: EUR 28.15 (31 March 2016: EUR 26.65)

* Commitments totalling EUR 205 million in respect of new and existing investments were made during the period, including EUR 179 million (GBP 139 million) in Pension Insurance Corporation Group Ltd.

* Dividends received from British American Tobacco during the period amounted to EUR 89 million



Reinet Investments S.C.A. (the 'company') is a partnership limited by shares incorporated in the Grand Duchy of Luxembourg and having its registered office at 35, boulevard Prince Henri, L-1724 Luxembourg. It is governed by the Luxembourg law on securitisation and in this capacity allows its shareholders to participate indirectly in the portfolio of assets held by its wholly-owned subsidiary Reinet Fund S.C.A., F.I.S. ('Reinet Fund'), a specialised investment fund also incorporated in Luxembourg. The company's shares are listed on the Luxembourg Stock Exchange, the primary listing, and its South African Depository Receipts are listed on the Johannesburg Stock Exchange, the secondary listing. The company's shares are included in the 'LuxX' index of the principal shares traded on the Luxembourg Stock Exchange. The company and Reinet Fund together with Reinet Fund's subsidiaries are referred to as 'Reinet'.
21-Jul-2016
(Official Notice)
Reinet's wholly-owned subsidiary, Reinet Fund S.C.A., F.I.S. announced its net asset value as at 30 June 2016 as follows:



As at 30 June 2016, the net asset value ('NAV') of the Fund amounted to EUR5.516 million, an increase of EUR295 million from 31 March 2016.



This valuation reflects the Fund's shareholding in British American Tobacco plc, its other investments and cash resources, together with other assets and liabilities. Assets and liabilities have been revalued to their estimated fair values as at 30 June 2016. The NAV calculation has not been audited.



The entire ordinary share capital of the Fund is owned by Reinet Investments S.C.A. In addition, 1'000 management shares in the Fund are held by Reinet Fund Manager S.A.



The net asset position of the Fund is a substantial element of the consolidated balance sheet of Reinet Investments S.C.A. at 30 June 2016. However, the consolidated balance sheet of Reinet Investments S.C.A. will reflect other parent company assets and liabilities, including amounts payable to or receivable from the Fund. As such, the net asset value of Reinet Investments S.C.A. differs from that of the Fund.

08-Jul-2016
(Official Notice)
Reinet announced that the annual report for the year ended 31 March 2016 is available for download from the Company's website - www.reinet.com. Copies of the report will be mailed on 22 July 2016 to all registered holders of depository receipts issued by Reinet Securities SA in respect of the Company's shares and to other parties who have requested a copy. Copies of the report may be obtained from the registered office of the Company at the address below or by contacting info@reinet.com. The annual report reflects the information which was released in the Company's annual results announcement for the year ended 31 March 2016, which was issued on 25 May 2016.
25-May-2016
(Official Notice)
25-May-2016
(C)
The Company's net asset value at 31 March 2016 amounted to EUR 5 221 million, an increase of 3 per cent above last year's figure of EUR5 077 million. This reflects principally significant increases in the value of Reinet's investments in British American Tobacco and Pension Corporation. However, Reinet's net asset value was negatively impacted by the weakening of the pound sterling and the US dollar against the euro in the latter part of the year. Net profit for the year ended 31 March 2016 fell to EUR177 million (2015: EUR998 million) and headline earnings per share lowered to EUR0.89 (2015: EUR 5.06).



Dividend

Reinet has recommended a total dividend of EUR 0.161 per share from income reserves.
28-Apr-2016
(Official Notice)
Reinet?s wholly-owned subsidiary, Reinet Fund S.C.A., F.I.S. has announced its net asset value as at 31 March 2016 as follows:



Reinet Fund S.C.A., F.I.S. (?the Fund?) - Unaudited net asset value statement as at 31 March 2016

As at 31 March 2016, the net asset value (?NAV?) of the Fund amounted to EUR5 221 million, a decrease of EUR140 million from 31 December 2015. This valuation reflects the Fund?s shareholding in British American Tobacco p.l.c., its other investments and cash resources, together with other assets and liabilities. Assets and liabilities have been revalued to their estimated fair values as at 31 March 2016. The NAV calculation is subject to completion of the year-end audit.



The entire ordinary share capital of the Fund is owned by Reinet Investments S.C.A. In addition, 1 000 management shares in the Fund are held by Reinet Fund Manager S.A. The net asset position of the Fund is a substantial element of the consolidated balance sheet of Reinet Investments S.C.A. at 31 March 2016. However, the consolidated balance sheet of Reinet Investments S.C.A. will reflect other parent company assets and liabilities, including amounts payable to or receivable from the Fund. As such, the net asset value of Reinet Investments S.C.A. may differ from that of the Fund.



It is anticipated that the preliminary announcement of the results of Reinet for the year ended 31 March 2016 and its net asset value at that date will be released during the week commencing 23 May 2016.
26-Jan-2016
(Official Notice)
22-Jan-2016
(Official Notice)
Reinet announced its net asset value as at 31 December 2015 as follows:



Reinet Fund S.C.A., F.I.S. ('the Fund')

As at 31 December 2015, the net asset value ('NAV') of the Fund amounted to EUR5 361 million, an increase of EUR278 million from 30 September 2015. This valuation reflects the Fund's shareholding in British American Tobacco p.l.c., its other investments and cash resources, together with other assets and liabilities. Assets and liabilities have been revalued to their estimated fair values as at 31 December 2015. The NAV calculation has not been audited. The entire ordinary share capital of the Fund is owned by Reinet. In addition, 1 000 management shares in the Fund are held by Reinet Fund Manager S.A. The net asset position of the Fund is a substantial element of the consolidated balance sheet of Reinet at 31 December 2015. However, the consolidated balance sheet of Reinet will reflect other parent company assets and liabilities. As such, the net asset value of Reinet differs from that of the Fund.
30-Nov-2015
(Official Notice)
Reinet announced that the interim report for the period ended 30 September 2015 is available for download from the Reinet website - www.reinet.com. The interim report reflects the information included in the Reinet interim results announcement for the period ended 30 September 2015, which was issued on 12 November 2015.
12-Nov-2015
(C)
Income for the interim period grew to EUR240 million (EUR155 million). Profit attributable to shareholders shrunk to EUR38 million (EUR457 million). In addition, headline earnings per share tumbled to EUR19cps (EUR233cps).
21-Oct-2015
(Official Notice)
As at 30 September 2015, the net asset value ('NAV') of the Fund amounted to EUR 5 083 million, a decrease of EUR 74 million from 30 June 2015.



This valuation reflects the Fund's shareholding in British American Tobacco p.l.c., its other investments and cash resources, together with other assets and liabilities. Assets and liabilities have been revalued to their estimated fair values as at 30 September 2015. The NAV calculation has not been audited.



The entire ordinary share capital of the Fund is owned by Reinet Investments S.C.A. In addition, 1 000 management shares in the Fund are held by Reinet Fund Manager S.A.



The net asset position of the Fund is a substantial element of the consolidated balance sheet of Reinet Investments S.C.A. at 30 September 2015. However, the consolidated balance sheet of Reinet Investments S.C.A. will reflect other parent company assets and liabilities, including amounts payable to or receivable from the Fund. As such, the net asset value of Reinet Investments S.C.A. differs from that of the Fund.
27-Aug-2015
(Official Notice)
At the seventh (7th) annual general meeting ("AGM") of the shareholders of Reinet held on 25 August 2015 all the ordinary resolutions proposed at the meeting were approved by the requisite majority of votes.
25-Aug-2015
(Official Notice)
DR holders are referred to the announcement released on SENS on 25 August 2015.



The total dividend, as recommended by the Board, of EUR 0.15700 per Reinet share, has been approved by shareholders of Reinet Investments SCA, Luxembourg ("REI") at the annual general meeting held on 25 August 2015 in Luxembourg. Accordingly it is confirmed that a dividend of 22.92969 ZAR cents per Depository Receipt issued by Reinet Securities SA ('Reinet DR') (19.49024 ZAR cents net of South African dividend tax) will be paid on 11 September 2015. Please refer to the SENS announcement of 21 August 2015 for full details of the dividend payable to DR holders.



Reinet DRs are issued subject to the terms of the Deposit Agreement entered into on 17 October 2008, most recently amended on 15 December 2010. By holding Reinet DR's, investors acknowledge that they are bound by the terms of the Deposit Agreement. Copies of the Deposit Agreement may be obtained by investors from Reinet Securities SA or Computershare Investor Services (Pty) Ltd.



Reinet Securities SA may appoint a depositary agent or other parties to assist in the administration of the DR programme and may provide to such agents such information as it deems to be appropriate, including information relating to the identity of holders of DR's. Reinet shares are listed on the Luxembourg Stock Exchange, Reinet's primary listing. Reinet South African DR's are listed in Johannesburg, Reinet's secondary listing.
25-Aug-2015
(Official Notice)
At the Annual General Meeting of Reinet held on 25 August 2015, in Luxembourg, a total of 138 409 892 ordinary shares (70.64%) and all the 1 000 management shares were present or represented by proxy out of a total of 195 941 286 ordinary shares and 1 000 management shares in issue.



The shareholders approved all of the matters tabled at the meeting. Specifically, the financial statements of the Company and the consolidated financial statements for the accounting year ended 31 March 2015 were approved and the General Partner and Board of Overseers discharged from their responsibilities for that period.



A cash dividend of EUR 0.157 per share was approved and will be payable on 3 September 2015. The remaining available retained earnings of the Company, after payment of the dividend, are to be carried forward to the next business year. Shareholders also re-elected Mr Denis Falck, Dr Peter Kaul and Mr Yves Prussen and elected Mr John Li to serve as members of the Board of Overseers for the year ending at the next Annual General Meeting.
21-Aug-2015
(Official Notice)
23-Jul-2015
(Official Notice)
The Board of Reinet announced the results of Reinet for the quarter ended 30 June 2015.



Key financial data

*Net asset value at 30 June 2015: EUR 5 155 million, an increase of EUR 78 million or 1.5 per cent from 31 March 2015

*Net asset value per ordinary share at 30 June 2015: EUR 26.31 (31 March 2015: EUR 25.91)

*Dividends received from British American Tobacco during the period amounted to EUR 100 million
21-Jul-2015
(Official Notice)
Reinet's wholly-owned subsidiary, Reinet Fund S.C.A., F.I.S. ("the Fund") has announced its net asset value as at 30 June 2015 as follows:



Net asset value statement as at 30 June 2015

As at 30 June 2015, the net asset value ('NAV') of the Fund amounted to EUR5 157 million, an increase of EUR79 million from 31 March 2015. This valuation reflects the Fund's shareholding in British American Tobacco p.l.c., its other investments and cash resources, together with other assets and liabilities. Assets and liabilities have been revalued to their estimated fair values as at 30 June 2015. The NAV calculation has not been audited.



The entire ordinary share capital of the Fund is owned by Reinet. In addition, 1 000 management shares in the Fund are held by Reinet Fund Manager S.A. The net asset position of the Fund is a substantial element of the consolidated balance sheet of Reinet at 30 June 2015. However, the consolidated balance sheet of Reinet will reflect other parent company assets and liabilities, including amounts payable to or receivable from the Fund. As such, the net asset value of Reinet Investments differs from that of the Fund.
10-Jul-2015
(Official Notice)
Reinet Investments Manager S.A., acting on behalf of announced that the Annual Report for the year ended 31 March 2015 is available for download from the Reinet website - www.reinet.com.



Copies of the report will be mailed to all registered holders of Reinet shares and South African depository receipts and to other parties who have requested them. Copies of the report may be obtained from the registered office of Reinet or by contacting info@reinet.com.



The annual report reflects the information which was released in the Reinet annual results announcement for the year ended 31 March 2015, which was issued on 28 May 2015.
28-May-2015
(Official Notice)
The dividend payable to holders of Reinet Securities' DRs is derived from the dividend paid by Reinet Investments SCA, Luxembourg ('Reinet') to holders of Reinet shares. The Reinet DR dividend payable to South African Common Monetary Area residents is payable in rand and will be effected via central security depository participants in Strate for all dematerialised holdings and Computershare Investor Services (Pty) Ltd. for those on the certificated register. The Board has recommended a total dividend of EUR0.157 per share from income reserves. It is anticipated that this dividend will be approved by shareholders of Reinet at the annual general meeting to be held on Tuesday 25 August 2015 in Luxembourg. There is no Luxembourg withholding tax payable on dividends which may be declared by the Company.



In 2013 Reinet sought clarification from the South African Revenue Service ('SARS') as to the treatment of any dividends to be declared by the Company and paid to holders of Reinet Depository Receipts ('DRs'). SARS confirmed to Reinet that any such dividends would be treated as 'foreign dividends' as defined in the Income Tax Act No. 58 of 1962. Accordingly, any such dividends would be subject to South African dividends withholding tax at 15 per cent in the hands of DR holders unless those holders are otherwise exempt from the tax. Non-resident holders of DRs are required to fill in the appropriate SARS declaration form, if they wish to be exempted from the tax. As Reinet DR's trade in the ratio of 10 DRs to each Reinet share, the dividend entitlement per Reinet DR is as follows:

Gross dividend per Reinet DR in Euros

* 0.015700



The exchange rate applicable for the conversion of euro to rand for payment of the dividend will be confirmed in a separate announcement to be released on SENS on Friday, 21 August 2015. The payment dates for the dividend in respect of the South African Reinet DRs are anticipated to be as follows:

* Last date to trade ?cum dividend? : Friday, 28 August 2015

* Trading commences ?ex-dividend? from the commencement of business on Monday, 31 August 2015

* Reinet DR dividend record date : Friday, 4 September 2015

* Reinet DR dividend payment date : Friday, 11 September 2015



Reinet DR holders may not dematerialise or rematerialise their holding of Reinet DRs between Monday, 31 August 2015 and Friday, 4 September 2015, both days inclusive.
28-May-2015
(C)
18-May-2015
(Official Notice)
At the Extraordinary General Meeting of Reinet, a total of 114 507 793 ordinary shares (or 58.4%) and all the 1 000 management shares were present or represented by proxy out of a total of 195 941 286 ordinary shares and 1 000 management shares in issue. The shareholders approved the change of date of the Annual General Meeting. Henceforth the Annual General Meeting will be held annually on the last Tuesday in August. In addition to the approval of the first agenda item pertaining to the change of date of the Annual General Meeting of shareholders, the meeting took note of a minor change to the Company's dividend policy. The General Partner, Reinet Investments Manager S.A., indicated that it had been decided to withdraw the second agenda item relating to the authorised share capital of the Company as it contained an oversight in the number of shares being sought to be placed under the General Partner's control. The second agenda item was therefore not put to the vote. The General Partner shall reconsider this matter and seek shareholders' approval at such later date as the General Partner may determine.
29-Apr-2015
(Official Notice)
Reinet's wholly-owned subsidiary, Reinet Fund S.C.A., F.I.S. announced its unaudited net asset value as at 31 March 2015 as follows:



As at 31 March 2015, the unaudited net asset value ('NAV') of the Fund amounted to EUR 5 078 million, an increase of EUR 430 million from 31 December 2014. This valuation reflects the Fund's shareholding in British American Tobacco p.l.c., its other investments and cash resources, together with other assets and liabilities. Assets and liabilities have been revalued to their estimated fair values as at 31 March 2015. The NAV is subject to completion of the year-end audit.



The entire ordinary share capital of the Fund is owned by Reinet. In addition, 1 000 management shares in the Fund are held by Reinet Fund Manager S.A. The net asset position of the Fund is a substantial element of the consolidated balance sheet of Reinet at 31 March 2015. However, the consolidated balance sheet of Reinet will reflect other parent company assets and liabilities, including amounts payable to or receivable from the Fund. As such, the net asset value of Reinet differs from that of the Fund.



It is anticipated that the preliminary announcement of the results of Reinet for the year ended 31 March 2015 and its net asset value at that date will be released during the week commencing 25 May 2015.
17-Apr-2015
(Official Notice)
An Extraordinary General Meeting of shareholders of Reinet will be held in Luxembourg on 18 May 2015 to seek shareholders' approval to change the date of the Annual General Meeting of shareholders, renewal of the authorised share capital and related authorisations of the Company's general partner, and to inform shareholders of an upcoming rewording of the Company's dividend policy as stated in its prospectus. A copy of the Notice of Meeting can be viewed on Reinet's website www.reinet.com.



As Reinet Depository Receipt ('DR') holders, your votes at shareholders' meetings are exercised on your behalf by Reinet Securities SA and as such you will not be able to attend the meeting in person. A proxy voting form will be mailed to all DR holders on 17 April 2015. We would therefore advise all DR holders to submit their proxy voting instructions within the timeframe as set out in the mailed documents.
26-Jan-2015
(Official Notice)
The Board of Reinet Investments Manager S.A. announces the results of Reinet Investments S.C.A. for the quarter ended 31 December 2014.



Key financial data

* Net asset value at 31 December 2014: EUR4 647 million, an increase of 2.3 per cent from 30 September 2014

* Net asset value per ordinary share at 31 December 2014: EUR23.72 (30 September 2014: EUR 23.18)

* Total investments of EUR 58 million made during the quarter under review.
23-Jan-2015
(Official Notice)
Reinet has announced its net asset value as at 31 December 2014 as follows:



Reinet Fund S.C.A., F.I.S. ('the Fund') - Net asset value statement as at 31 December 2014

As at 31 December 2014, the net asset value ('NAV') of the Fund amounted to EUR4 648 million, an increase of EUR106 million from 30 September 2014. This valuation reflects the Fund's shareholding in British American Tobacco p.l.c., its other investments and cash resources, together with other assets and liabilities. Assets and liabilities have been revalued to their estimated fair values as at 31 December 2014. The NAV calculation has not been audited.



The entire ordinary share capital of the Fund is owned by Reinet Investments S.C.A. In addition, 1 000 management shares in the Fund are held by Reinet Fund Manager S.A. The net asset position of the Fund is a substantial element of the consolidated balance sheet of Reinet Investments S.C.A. at 31 December 2014. However, the consolidated balance sheet of Reinet Investments S.C.A. will reflect other parent company assets and liabilities, including amounts payable to or receivable from the Fund. As such, the net asset value of Reinet Investments S.C.A. differs from that of the Fund.
28-Nov-2014
(Official Notice)
Reinet Investments Manager S.A., acting on behalf of Reinet Investments S.C.A., announced that the interim report for the period ended 30 September 2014 is available for download from the Reinet website - www.reinet.com. The interim report reflects the information included in the Reinet interim results announcement for the period ended 30 September 2014, which was issued on 13 November 2014. Copies of the report will be mailed to all registered holders of Reinet shares and South African depository receipts and to other parties who have requested them. Copies of the report may be obtained from the registered office of Reinet at the address below or by contacting info@reinet.com.
13-Nov-2014
(C)
Net profit for the interim period soared to EUR463 million (EUR2 million). Profit attributable to shareholders increased to EUR457 million (EUR1 million). In addition, headline earnings per share was EUR233cps (EUR1cps).



Dividend

No interim dividend is proposed in respect of the six-months ended 30 September 2014.
21-Oct-2014
(Official Notice)
As at 30 September 2014, the net asset value ('NAV') of the Fund amounted to EUR 4 542 million, an increase of EUR 109 million from 30 June 2014. This valuation reflects the Fund's shareholding in British American Tobacco p.l.c., its other investments and cash resources, together with other assets and liabilities. Assets and liabilities have been revalued to their estimated fair values as at 30 September 2014. The NAV calculation has not been audited. The entire ordinary share capital of the Fund is owned by Reinet Investments S.C.A. In addition, 1 000 management shares in the Fund are held by Reinet Fund Manager S.A. The net asset position of the Fund is a substantial element of the consolidated balance sheet of Reinet Investments S.C.A. at 30 September 2014. However, the consolidated balance sheet of Reinet Investments S.C.A. will reflect other parent company assets and liabilities, including amounts payable to or receivable from the Fund. As such, the net asset value of Reinet Investments S.C.A. may differ from that of the Fund.
09-Sep-2014
(Official Notice)
Depositary receipt ("DR") holders are referred to the announcement released on SENS on 9 September 2014. The total dividend, as recommended by the Board, of EUR0.15300 per share, has been approved by shareholders of Reinet Investments SCA, Luxembourg ("REI") at the annual general meeting held on 9 September 2014 in Luxembourg. Accordingly it is confirmed that a dividend of ZAR21.26899 cents per Reinet DR (18.07864 ZAR cents net of South African dividend tax) will be paid on 26 September 2014. Please refer to the SENS announcement of 5 September 2014 for full details of the dividend payable to DR holders.



Reinet Securities SA DRs are issued subject to the terms of the Deposit Agreement entered into on 17 October 2008, most recently amended on 15 December 2010. By holding DR's, investors acknowledge that they are bound by the terms of the Deposit Agreement. Copies of the Deposit Agreement may be obtained by investors from Reinet Securities SA or Computershare Investor Services (Pty) Ltd. Reinet Securities SA may appoint a depositary agent or other parties to assist in the administration of the DR programme and may provide to such agents such information as it deems to be appropriate, including information relating to the identity of holders of DR's. Reinet 'A' shares are listed on the Luxembourg Stock Exchange, Reinet's primary listing. Reinet South African DR's are listed in Johannesburg, Reinet's secondary listing.
09-Sep-2014
(Official Notice)
At the AGM of Reinet held on 9 September 2014 in Luxembourg, a total of 135 248 506 ordinary shares (or 69.03%) and all the 1 000 management shares were present or represented by proxy out of a total of 195 941 286 ordinary shares and 1 000 management shares in issue. The shareholders approved all of the matters tabled at the meeting. Specifically, the financial statements of the Company and the consolidated financial statements for the accounting year ended 31 March 2014 were approved and the General Partner and Board of Overseers discharged from their responsibilities for that period. A dividend of EUR0.153 per share was approved and will be payable on 18 September 2014. The remaining available retained earnings of the Company, after payment of the dividend, are to be carried forward to the next business year.



Shareholders also re-elected Mr Denis Falck, Dr Peter Kaul, Mr Yves Prussen and Mr Ian Whitecourt to serve as members of the Board of Overseers for the year ending at the next Annual General Meeting. The boards of directors of both companies were re-elected for a further term of one year with the exception of Dr Frederick Mostert, who did not stand for re-election. The Chairman confirmed that Mr Wilhelm van Zyl was appointed to the boards of Reinet Investments Manager S.A. and Reinet Fund Manager S.A., the management companies of Reinet and Reinet Fund S.C.A., F.I.S., respectively and who will, as previously announced, take over as Chief Executive Officer of both companies upon the retirement of Mr Alan Grieve on 31 December 2014.
05-Sep-2014
(Official Notice)
23-Jul-2014
(Official Notice)
The Board of Reinet announced the results of Reinet for the quarter ended 30 June 2014.



Key financial data

* Net asset value at 30 June 2014: EUR4 423 million, an increase of 7 per cent from 31 March 2014

* Net asset value per ordinary share at 30 June 2014: EUR22.57 (31 March 2014: EUR21.00)

* Additional investment of EUR94 million in Pension Corporation Group Ltd. during the period

* Dividends received from British American Tobacco ("BAT") during the period amounted to EUR88 million.
21-Jul-2014
(Official Notice)
Reinet's wholly-owned subsidiary, Reinet Fund S.C.A., F.I.S. has announced its net asset value as at 30 June 2014 as follows: As at 30 June 2014, the net asset value ('NAV') of the Fund amounted to EUR 4 433 million, an increase of EUR 310 million from 31 March 2014.



This valuation reflects the Fund's shareholding in British American Tobacco p.l.c., its other investments and cash resources, together with other assets and liabilities. Assets and liabilities have been revalued to their estimated fair values as at 30 June 2014. The NAV calculation has not been audited. The entire ordinary share capital of the Fund is owned by Reinet Investments S.C.A. In addition, 1 000 management shares in the Fund are held by Reinet Fund Manager S.A. The net asset position of the Fund is a substantial element of the consolidated balance sheet of Reinet Investments S.C.A. at 30 June 2014. However, the consolidated balance sheet of Reinet Investments S.C.A. will reflect other parent company assets and liabilities, including amounts payable to or receivable from the Fund. As such, the net asset value of Reinet Investments S.C.A. differs from that of the Fund.
14-Jul-2014
(Official Notice)
Reinet Investments Manager S.A. and Reinet Fund Manager S.A. announce that Mr Alan Grieve, Chief Executive Officer of both companies, has intimated his intention to retire with effect from 31 December 2014.



The role of Chief Executive Officer of both companies will be taken over by Mr Wilhelm van Zyl. Mr van Zyl has, until recently, been Deputy Chief Executive of MMI Holdings Ltd., a Johannesburg Stock Exchange listed vehicle encompassing a wide range of financial service businesses. Mr van Zyl has had strategic responsibility for the Investments, Health, Employee Benefits and International divisions of MMI Holdings with day to day responsibility for the Investments business. He holds a BComm from the University of Stellenbosch in South Africa and is a Fellow Member of the Institute and Faculty of Actuaries in the United Kingdom.
09-Jul-2014
(Media Comment)
Business Day reported that Reinet is confident that its decision to mobilise the proceeds from selling part of its holding in British American Tobacco to diversify into specialised financial services in the UK will pay off, despite the possible changes in the market.Reinet chairman Johann Rupert believes Penscorp is one of very few companies focused on the pension insurance sector in the UK and is well positioned to be a leader in the market with major growth opportunities.
04-Jul-2014
(Official Notice)
Reinet Investments Manager S.A., acting on behalf of Reinet Investments S.C.A. ('Reinet'), is pleased to announce that the Annual Report for the year ended 31 March 2014 is available for download from the Reinet website - www.reinet.com. Copies of the report will be mailed to all registered holders of Reinet shares and South African depository receipts and to other parties who have requested them. Copies of the report may be obtained from the registered office of Reinet at the address below or by contacting info@reinet.com. The annual report reflects the information which was released in the Reinet annual results announcement for the year ended 31 March 2014, which was issued on 19 May 2014.
19-May-2014
(Official Notice)
19-May-2014
(C)
Income declined to EUR271 million (EUR298 million). Net attributable profit dropped by more than 75% to EUR92 million (EUR374 million). In addition, headline earnings per share fell to EUR47cps (EUR191cps).



Dividend

A final gross ordinary dividend of EUR15.3 per share has been declared.
29-Apr-2014
(Official Notice)
As at 31 March 2014, the unaudited net asset value ("NAV") of the Fund amounted to EUR4 123 million, a decrease of EUR6 million from 31 December 2013. This valuation reflects the Fund's shareholding in British American Tobacco p.l.c., its other investments and cash resources, together with other assets and liabilities. Assets and liabilities have been revalued to their estimated fair values as at 31 March 2014. The NAV calculation is subject to completion of the audit.



The entire ordinary share capital of the Fund is owned by Reinet Investments S.C.A. In addition, 1 000 management shares in the Fund are held by Reinet Fund Manager S.A. The net asset position of the Fund is a substantial element of the consolidated balance sheet of Reinet Investments S.C.A. at 31 March 2014. However, the consolidated balance sheet of Reinet Investments S.C.A. will reflect other parent company assets and liabilities, including amounts payable to or receivable from the Fund. As such, the net asset value of Reinet Investments S.C.A. differs from that of the Fund.



Unquote

It is anticipated that the preliminary announcement of the results of Reinet Investments S.C.A. for the year ended 31 March 2014 and its net asset value at that date will be released during the week commencing 19 May 2014.
28-Jan-2014
(Official Notice)
The board of Reinet Investments Manager SA announced the results of Reinet for the third quarter ended 31 December 2013.



Key financial data :

*Net asset value at 31 December 2013: EUR4 121 million, an increase of 2.4 per cent from 30 September 2013

*Net asset value per ordinary share at 31 December 2013: EUR21.03 (30 September 2013: EUR 20.54)

*Additional investment of EUR24 million in US property interests during the quarter

*Borrowing facilities in the amount of some EUR360 million established during the quarter
27-Jan-2014
(Official Notice)
As at 31 December 2013, the net asset value ("NAV") of Reinet amounted to EUR4 129 million, an increase of EUR97 million from 30 September 2013. This valuation reflects Reinet's shareholding in British American Tobacco p.l.c., its other investments and cash resources, together with other assets and liabilities. Assets and liabilities have been revalued to their estimated fair values as at 31 December 2013. The NAV calculation has not been audited. The entire ordinary share capital of Reinet is owned by Reinet Investments S.C.A. In addition, 1 000 management shares in Reinet are held by Reinet Fund Manager S.A. The net asset position of Reinet is a substantial element of the consolidated balance sheet of Reinet Investments S.C.A. at 31 December 2013. However, the consolidated balance sheet of Reinet Investments S.C.A. will reflect other parent company assets and liabilities, including amounts payable to or receivable from Reinet. As such, the net asset value of Reinet Investments S.C.A. differs from that of Reinet.
29-Nov-2013
(Official Notice)
Reinet Investments Manager S.A., acting on behalf of Reinet, announced that the interim report for the period ended 30 September 2013 is available for download from the Reinet website - www.reinet.com. The interim report reflects the information included in the Reinet interim results announcement for the period ended 30 September 2013, which was issued on 15 November 2013. Copies of the report will be mailed to all registered holders of Reinet shares and South African depository receipts and to other parties who have requested them. Copies of the report may be obtained from the registered office of Reinet at the address below or by contacting info@reinet.com.
15-Nov-2013
(C)
Net profit for the interim period tumbled to EUR2 million (EUR292 million). Profit attributable to shareholders fell to EUR1 million (EUR290 million). In addition, headline earnings per share plummeted to EUR1cps (EUR148cps).



Dividend

No dividend is proposed for the interim period. Barring unforeseen developments, the General Partner will consider a dividend for the full year to be funded out of realised income, excluding the proceeds of asset disposals.
21-Oct-2013
(Official Notice)
Reinet's wholly-owned subsidiary, Reinet Fund SC.A, FIS announced its net asset value as at 30 September 2013 as follows:



As at 30 September 2013, the net asset value (NAV) of the Fund amounted to EUR4 032 million an increase of EUR103 million from 30 June 2013.



This valuation reflects the Funds shareholding in British American Tobacco plc, its other investments and cash resources, together with other assets and liabilities. Assets and liabilities have been revalued to their estimated fair values as at 30 September 2013. The NAV calculation has not been audited.



The entire ordinary share capital of the Fund is owned by Reinet. In addition, 1 000 management shares in the Fund are held by Reinet Fund Manager SA.



The net asset position of the Fund is a substantial element of the consolidated balance sheet of Reinet at 30 September 2013. However, the consolidated balance sheet of Reinet will reflect other parent company assets and liabilities, including amounts payable to or receivable from the Fund. As such, the net asset value of Reinet differs from that of the Fund.
10-Sep-2013
(Official Notice)
At the annual general meeting of Reinet held on 10 September 2013 in Luxembourg, a total of 139 597 118 ordinary shares (or 71.24%) and all the 1 000 management shares were present or represented by proxy out of a total of 195 941 286 ordinary shares and 1 000 management shares in issue. The shareholders approved all of the matters tabled at the meeting. Specifically, the financial statements of the Company and the consolidated financial statements for the accounting year ended 31 March 2013 were approved and the General Partner and Board of Overseers discharged from their responsibilities for that period. The shareholders approved the appropriation of retained earnings. The retained earnings of 910 101 619 will be carried forward; no dividend is payable. Shareholders also re-elected Mr Denis Falck, Dr Peter Kaul, Mr Yves Prussen and Mr Ian Whitecourt to serve as members of the Board of Overseers for the year ending at the next Annual General Meeting.
23-Jul-2013
(Official Notice)
The board of Reinet Investments Manager SA announced the results of Reinet for the first quarter ended 30 June 2013. Highlights included:

*Net asset value at 30 June 2013: EUR3 922 million, a decrease of 2.5 per cent from 31 March 2013

*Net asset value per ordinary share at 30 June 2013: EUR20.01 (31 March 2013: EUR20.53)

*Sale of 5 million British American Tobacco (BAT) shares in the quarter under review realised proceeds of EUR212 million

*Value of remaining 74 million BAT shares: EUR2 924 million

*Additional investment of EUR 59 million in Pension Corporation during the quarter under review; a further EUR203 million invested in July 2013
19-Jul-2013
(Official Notice)
Reinet's wholly-owned subsidiary, Reinet Fund S.C.A., F.I.S. has announced its net asset value as at 30 June 2013 as follows:



Reinet Fund S.C.A., F.I.S. (the Fund)

Unaudited net asset value statement as at 30 June 2013

As at 30 June 2013, the unaudited net asset value (NAV) of the Fund amounted to 3 929.0 million a decrease of 100.3 million from 31 March 2013.



This valuation reflects the Funds shareholding in British American Tobacco p.l.c., its other investments and cash resources, together with other assets and liabilities. Assets and liabilities have been revalued to their estimated fair values as at 30 June 2013. The NAV calculation has not been audited.



The entire ordinary share capital of the Fund is owned by Reinet Investments S.C.A. In addition, 1 000 management shares in the Fund are held by Reinet Fund Manager S.A.



The net asset position of the Fund is a substantial element of the consolidated balance sheet of Reinet Investments S.C.A. at 30 June 2013. However, the consolidated balance sheet of Reinet Investments S.C.A. will reflect other parent company assets and liabilities, including amounts payable to or receivable from the Fund. As such, the net asset value of Reinet Investments S.C.A. differs from that of the Fund.



12-Jul-2013
(Official Notice)
Reinet Annual Report 2013 available on reinet.com Reinet Investments Manager S.A., acting on behalf of Reinet Investments S.C.A. (Reinet), is pleased to announce that the Annual Report for the year ended 31 March 2013 is available for download from the Reinet website - www.reinet.com. Copies of the report will be mailed to all registered holders of Reinet shares and South African depository receipts and to other parties who have requested them. Copies of the report may be obtained from the registered office of Reinet at the address below or by contacting info@reinet.com. The annual report reflects the information which was released in the Reinet annual results announcement for the year ended 31 March 2013, which was issued on 22 May 2013.

22-May-2013
(C)
Income increased to EUR294 million (EUR141 million). Net attributable profit more than halved to EUR375 million (EUR865 million).



Outlook

Reinet is now well positioned. The diversification steps that Reinet has taken have broadened the portfolio and have reduced the exposure to one specific business area. The tobacco interests have performed exceptionally to date and the investment in BAT remains a pillar of the business.



Despite the booming markets that investors have seen in recent months, many global uncertainties remain. Reinet will continue its approach of cautious investment and diversification, at all times seeking to build value for our shareholders over the long-term.
30-Apr-2013
(Official Notice)
Reinet's wholly-owned subsidiary, Reinet Fund SCA, FIS announced its net asset value as at 31 March 2013 as follows:



"Reinet Fund SCA, FIS ("the Fund")



Unaudited net asset value statement as at 31 March 2013



As at 31 March 2013, the unaudited net asset value ("NAV") of the Fund amounted to EUR4 029.3 million, an increase of EUR203.9 million from 31 December 2012.



This valuation reflects the Fund's shareholding in British American Tobacco plc, its other investments and cash resources, together with other assets and liabilities. Assets and liabilities have been revalued to their estimated fair values as at 31 March 2013. The NAV calculation is subject to completion of the audit.



The entire ordinary share capital of the Fund is owned by Reinet In addition, 1 000 management shares in the Fund are held by Reinet Fund Manager SA.



The net asset position of the Fund is a substantial element of the consolidated balance sheet of Reinet at 31 March 2013. However, the consolidated balance sheet of Reinet will reflect other parent company assets and liabilities, including amounts payable to or receivable from the Fund. As such, the net asset value of Reinet differs from that of the Fund."



It is anticipated that the preliminary announcement of the results of Reinet for the year ended 31 March 2013 and its net asset value at that date will be released during the week commencing 20 May 2013.
25-Jan-2013
(Official Notice)
24-Jan-2013
(Official Notice)
Reinet's wholly-owned subsidiary, Reinet Fund SCA, FIS has announced its net asset value as at 31 December 2012 as follows:



Reinet Fund SCA, FIS (the Fund)



Net asset value statement as at 31 December 2012



As at 31 December 2012, the net asset value (NAV) of the Fund amounted to EUR 3 825.4 million, a decrease of EUR 118.4 million from 30 September 2012.



This valuation reflects the Funds shareholding in British American Tobacco plc, its other investments and cash resources, together with other assets and liabilities. Assets and liabilities have been revalued to their estimated fair values as at 31 December 2012. The NAV calculation has not been audited.



The entire ordinary share capital of the Fund is owned by Reinet Investments SCA. In addition, 1 000 management shares in the Fund are held by Reinet Fund Manager SA.



The net asset position of the Fund is a substantial element of the consolidated balance sheet of Reinet Investments S.C.A. at 31 December 2012. However, the consolidated balance sheet of Reinet will reflect other parent company assets and liabilities, including amounts payable to or receivable from the Fund. As such, the net asset value of Reinet differs from that of the Fund.
30-Nov-2012
(Official Notice)
Reinet Investments Manager S.A., acting on behalf of Reinet Investments S.C.A., announced that the interim report for the period ended 30 September 2012 is available for download from the Reinet website - www.reinet.com. The interim report reflects the information included in the Reinet interim results announcement for the period ended 30 September 2012, which was issued on 13 November 2012. Copies of the report will be mailed to all registered holders of Reinet shares and South African depository receipts and to other parties who have requested them. Copies of the report may be obtained from the registered office of Reinet at the address below or by contacting info@reinet.com.
13-Nov-2012
(C)
Income increased to EUR147 million (EUR133 million). Profit attributable to shareholders fell to EUR290 million (EUR393 million). In addition, headline earnings per share decreased to EUR148cps (EUR201cps).
22-Oct-2012
(Official Notice)
On 4 July 2012, Reinet announced that its subsidiary, Reinet Fund SCA FIS ("Reinet ") had agreed to enter into definitive agreements with Pension Insurance Corporation Holdings LLP and associated entities (together "Pension Corporation") to invest up to GBP400 million in the pension insurance business of Pension Corporation. The agreements were subject to certain conditions, including the approval of Pension Corporation investors and the consent of the Financial Services Authority and of the Guernsey Financial Services Commission.



Reinet has announced that the agreements between Reinet and Pension Corporation have now become unconditional in every respect. The transaction was completed today with Reinet subscribing for an initial 16% ordinary shareholding in Pension Corporation Group Ltd. (PCGL), the newly established group holding company, for a consideration of GBP100 million less transaction expenses. Reinet Fund is committed to contribute a further GBP300 million in one or several tranches to finance new business over the next five years. Reinets shareholding in PCGL carries at all times voting rights commensurate with its ultimate 43% shareholding.



The other main PCGL shareholders' include JC Flowers, Swiss Re, JP Morgan, RBS, Istithmar World and Lloyds Banking Group. Upon completion of this transaction, the boards of PCGL and of Pension Insurance Corporation have been reconstituted with the appointment of Reinet and JC Flowers representatives and otherwise to reflect the shareholders interests. Further details are available in the attached press release issued by Pension Insurance Corporation (Appendix A).



Over the last four years, Pension Insurance Corporation has emerged as a leader in the growing market for insuring the UK's legacy defined benefit pension liabilities. Its board and management team have decades of experience and success in pensions and insurance.
12-Oct-2012
(Official Notice)
As at 30 September 2012, the net asset value (NAV) of the Fund amounted to Euro 3 943.8 million, a decrease of Euro 4.1 million from 30 June 2012. This valuation reflects the Funds holding of 84 303 670 shares in British American Tobacco p.l.c., its other investments and cash resources, together with other assets and liabilities. Assets and liabilities have been revalued to their estimated fair values as at 30 September 2012. The NAV calculation has not been audited.



The entire ordinary share capital of the Fund is owned by Reinet Investments S.C.A. In addition, 1 000 management shares in the Fund are held by Reinet Fund Manager S.A. The net asset position of the Fund is a substantial element of the consolidated balance sheet of Reinet Investments S.C.A. at 30 September 2012. However, the consolidated balance sheet of Reinet Investments S.C.A. will reflect other parent company assets and liabilities, including amounts payable to or receivable from the Fund. As such, the net asset value of Reinet Investments S.C.A. may differ from that of the Fund.
11-Sep-2012
(Official Notice)
At the annual general meeting of Reinet Investments S.C.A. held in Luxembourg, a total of 140 536 507 ordinary shares (or 71,72%) and all the 1 000 management shares were present or represented by proxy out of a total of 195 941 286 ordinary shares and 1 000 management shares in issue. The shareholders approved all of the matters tabled at the meeting. Specifically, the financial statements of the Company and the consolidated financial statements for the accounting year ended 31 March 2012 were approved and the General Partner and Board of Overseers discharged from their responsibilities for that period. The shareholders approved the appropriation of retained earnings. The retained earnings of EUR912 349 030 will be carried forward; no dividend is payable. Shareholders also re-elected Mr Denis Falck, Dr Peter Kaul, Mr Yves Prussen and Mr Ian Whitecourt to serve as members of the Board of Overseers for the year ending at the next Annual General Meeting.
18-Jul-2012
(Official Notice)
13-Jul-2012
(Official Notice)
Reinet's wholly-owned subsidiary, Reinet Fund S.C.A., F.I.S. announced its net asset value as at 30 June 2012 as follows:



As at 30 June 2012, the net asset value (''NAV'') of the Fund amounted to EUR 3 947.9 million, an increase of EUR 294.7 million from 31 March 2012.



This valuation reflects the Fund's holding of 84 303 670 shares in British American Tobacco p.l.c., its other investments and cash resources, together with other assets and liabilities. Assets and liabilities have been revalued to their fair values as at 30 June 2012. The NAV calculation has not been audited.



The entire ordinary share capital of the Fund is owned by Reinet. In addition, 1 000 management shares in the Fund are held by Reinet Fund Manager S.A.



The net asset position of the Fund is a substantial element of the consolidated balance sheet of Reinet at 30 June 2012. However, the consolidated balance sheet of Reinet will reflect other parent company assets and liabilities, including amounts payable to or receivable from the Fund. As such, the net asset value of Reinet may differ from that of the Fund.
13-Jul-2012
(Official Notice)
Reinet Annual Report 2012 available on reinet.com Reinet Investments Manager S.A., acting on behalf of Reinet Investments S.C.A. (Reinet), announced that the annual report for the year ended 31 March 2012 is available for download from the Reinet website - www.reinet.com. Copies of the report will be mailed to all registered holders of Reinet shares and South African depository receipts and to other parties who have requested them. Copies of the report may be obtained from the registered office of Reinet at the address below or by contacting info@reinet.com. The annual report reflects the information which was released in the Reinet annual results announcement for the year ended 31 March 2012, which was issued on 23 May 2012.
04-Jul-2012
(Official Notice)
On 27 May 2011, Reinet announced that its wholly-owned subsidiary, Reinet Fund SCA, FIS ("Reinet"), was in exclusive negotiations with Pension Corporation and its key stakeholders for a transaction involving an investment by Reinet of approximately GBP400 million through which it would become a principal shareholder in the pension insurance business of Pension Corporation. Pension Corporation is one of the UK's leading providers of risk management solutions to defined benefit pension funds.



Reinet is pleased to announce that it has agreed to enter into definitive agreements to invest in the pension insurance business of Pension Corporation, subject to the fulfilment of certain conditions precedent, including regulatory and other approvals.



Under the terms of the agreement, Reinet has committed to invest up to GBP400 million on the basis of a valuation of Pension Corporations insurance business of GBP525 million before the capital increase but after closing adjustments. Of the GBP400 million investment, GBP100 million will be contributed at closing; the remainder is expected to be drawn down as required over a maximum period of five years. Reinet will have voting and governance rights from closing commensurate with its proposed investment.



Pension Corporation's UK insurance subsidiary, Pension Insurance Corporation, is authorised and regulated as an insurance company by the Financial Services Authority in the UK. It has c GBP5.5 billion in assets and has insured almost 60 000 pension fund members. Clients include FTSE 100 companies, multinationals and the public sector. Pension Corporation concluded the first UK public sector backed pension insurance buyout and the first buyout over GBP1 billion.



A further announcement will be made upon fulfilment of all conditions precedent and completion of the transaction.
23-May-2012
(C)
Income increased to be EUR124 million (EUR107 million). Net attributable profit rose to EUR865 million (EUR249 million).



Outlook

Reinet's cautious approach to diversification has proved to be a sound policy to date. BAT shares have been amongst those which offered the highest risk-adjusted returns of all European stocks over the period since Reinet was established in 2008.



Management sees a number of interesting investment opportunities opening up to Reinet. In evaluating the many proposals put before Reinet each year, management will continue to be conservative in its investment philosophy; working with partners Reinet knows and trust to build value for our shareholders over the medium to long term.
16-Apr-2012
(Official Notice)
Reinet's wholly-owned subsidiary, Reinet Fund SCA, FIS has announced its net asset value as at 31 March 2012 as follows:



As at 31 March 2012, the net asset value ("NAV") of the fund amounted to EUR3 653.2 million, an increase of EUR80.6 million from 31 December 2011. This valuation reflects the fund's holding of 84 303 670 shares in British American Tobacco plc, its other investments, cash resources, other assets and liabilities. The assets and liabilities have been revalued to their fair values as at 31 March 2012. The NAV calculation has not been audited. The entire ordinary share capital of the fund is owned by Reinet. In addition, 1 000 management shares in the fund are held by Reinet Fund Manager SA.



The net asset position of the fund is a substantial element of the consolidated balance sheet of Reinet at 31 March 2012. However, the consolidated balance sheet of Reinet will reflect other parent company assets and liabilities, including amounts payable to or receivable from the Fund. As such, the net asset value of Reinet may differ from that of the fund.
05-Mar-2012
(Official Notice)
An extraordinary general meeting (the "EGM") of Reinet was held in Luxembourg on 5 March 2012 to seek shareholder approval for an amendment to the investment guidelines of the company and of its wholly-owned subsidiary Reinet Fund S.C.A., F.I.S. ("Reinet Fund"), as set out in the prospectus issued in 2008. The amendment would vary the risk diversification policy of the company and Reinet Fund, to permit equity participations in any one investment to exceed the 30 per cent guideline until such time Reinet Fund may gradually diversify its portfolio, taking into account prevailing market conditions. At the EGM, a total of 139 543 824 ordinary shares (or 71.22%) and all the 1 000 management shares were represented by proxy out of a total of 195 941 286 ordinary shares and 1 000 management shares in issue. The shareholders approved the amendment of the investment guidelines of the company and of its wholly-owned subsidiary, Reinet Fund.
29-Feb-2012
(Official Notice)
On 24 January 2012, Reinet Investments S.C.A. proposed a revision to the terms of its prospectus in respect of its diversification policy. The revision is to be approved by an extraordinary meeting of shareholders on 5 March 2012. Further to that announcement Reinet Investments S.C.A. is now pleased to inform shareholders that Reinet Fund S.C.A., F.I.S. has, through a wholly- owned subsidiary, entered into a GBP300 million medium-term financing facility with Deutsche Bank AG, London Branch. The transaction incorporates put and call options (the "Options") over approximately 13.7 million British American Tobacco shares (the "BAT Shares"). The Options both guarantee a minimum value on the BAT shares and allow Reinet to retain any increase in value up to a level significantly above the current share price. Reinet estimates the annual cost of the facility to be broadly in line with its expected dividend income on the relevant number of BAT Shares.



03-Feb-2012
(Official Notice)
Further to the public announcement of 24 January 2012, convening notices have been published in respect of an extraordinary general meeting of Reinet to be held in Luxembourg on 5 March 2012 to seek shareholder approval for an amendment to the investment guidelines of the company and its wholly owned subsidiary Reinet Fund SCA, FIS as set out in the prospectus issued in 2008.



As Reinet depository receipt ("DR") holders, your votes at shareholder meetings are exercised on your behalf by Reinet Securities SA and as such you will not be able to attend the meeting in person. A letter from the chairman and the proxy voting form is being mailed to all DR holders from 1 February 2012. Reinet would advise all DR holders to exercise their vote and submit their proxy voting instructions within the timeframe as set out in the mailed documents.
30-Nov-2011
(Official Notice)
Reinet Investments Manager SA, acting on behalf of Reinet, announced that the interim report for the period ended 30 September 2011 is available for download from the Reinet website - www.reinet.com. The interim report reflects the information included in the Reinet interim results announcement for the period ended 30 September 2011, which was issued on 15 November 2011. Copies of the report will be mailed to all registered holders of Reinet shares and South African depository receipts and to other parties who have requested them. Copies of the report may be obtained from the registered office of Reinet at the address below or by contacting info@reinet.com.
15-Nov-2011
(C)
Profit for the period increased to EUR395 million (September 2010: EUR202 million), and profit attributable to owners of the parent was higher at EUR393 million (September 2010: EUR202 million). Furthermore, headline earnings per share rose to EUR2.01 per share (September 2010: EUR1.03 per share).



Prospects

Reinet's net asset value grew by EUR 395 million over the six-month period ended 30 September 2011. This largely reflects the increase in value of its principal investment, British American Tobacco p.l.c. Cash and liquid funds decreased by EUR 79 million, as investment income was utilised to fund new investments and meet commitments in respect of existing investments. Since its creation in October 2008, Reinet has entered into new funding commitments of EUR 689 million and has remaining commitments of EUR 355 million in entities held in its portfolio.
14-Oct-2011
(Official Notice)
As at 30 September 2011, the net asset value (`NAV`) of Reinet Fund S.C.A., F.I.S. amounted to EUR 3 182.7 million, an increase of EUR 185.5 million from 30 June 2011. This valuation reflects the fund's holding of 84 303 670 shares in British American Tobacco p.l.c., its other investments, cash resources, other assets and liabilities. The assets and liabilities have been revalued to their fair values as at 30 September 2011. The NAV calculation has not been audited. The entire ordinary share capital of the Fund is owned by Reinet Investments S.C.A. In addition, 1 000 management shares in the Fund are held by Reinet Fund Manager S.A. The net asset position of the Fund is a substantial element of the consolidated balance sheet of Reinet Investments S.C.A. at 30 September 2011. However, the consolidated balance sheet of Reinet Investments S.C.A. will reflect other parent company assets and liabilities, including amounts payable to or receivable from the fund. As such, the net asset value of Reinet Investments S.C.A. may differ from that of the fund.
06-Oct-2011
(Official Notice)
In February 2011, Reinet Investments S.C.A. announced that Reinet Fund S.C.A. F.I.S. ("Reinet") intended to participate in the launch of Renshaw Bay in partnership with Bill Winters and RIT Capital Partners plc ("RIT"), a London-listed investment trust chaired by Lord Rothschild. Mr Winters, formerly the Co-Chief Executive of JP Morgan Investment Bank, has established Renshaw Bay as a new asset management and advisory group focusing on capital markets based investment strategies. Reinet Investments S.C.A. is pleased to announce that documentation has been entered into today under which both Reinet and RIT have agreed to invest in the business and will be key shareholders in the holding company of the group, Renshaw Bay Ltd ("RB"). Under the terms of the group shareholders` agreement, Reinet has committed to invest up to Pound 10 005 000 in cash in RB. Following subscriptions for shares, Mr Winters together with his connected persons and RB's management will own 50% of RB. RIT and Reinet will each own 24.99% and 25.01% respectively. The agreement contains a rebalancing provision, under which RIT and Reinet have agreed that there may be a transfer of value in either shares or cash between them to reflect relative contributions to the business over an initial two-year period. The agreement also provides for the exercise of a put option by RIT, Reinet, or Mr Winters in specified circumstances. Renshaw Bay, under the leadership of Mr Winters who has been appointed Chief Executive Officer, will work with sophisticated investors to establish funds and new investment vehicles that are suitable for its investor clients. Mr Winters, RIT and Reinet each intend to invest in these funds and investment vehicles. Reinet will benefit from any growth in value of its shareholding in RB and will, as a founding shareholder, have priority access to investment opportunities created by the RB group. The RB group London-based management company, Renshaw Bay LLP, has applied for FSA authorisation.
13-Sep-2011
(Official Notice)
At the annual general meeting of Reinet, a total of 133 965 892 ordinary shares (or 68.37%) and all the 1 000 management shares were represented by proxy out of a total of 195 941 286 ordinary shares and 1 000 management shares in issue. The shareholders approved all of the matters tabled at the meeting. Specifically, the financial statements of the company and the consolidated financial statements for the accounting year ended 31 March 2011 were approved and the general partner and board of overseers discharged from their responsibilities for that period. The shareholders approved the appropriation of retained earnings. The retained earnings of EUR914 568 642 will be carried forward; no dividend is payable. Shareholders also re-elected Mr Denis Falck, Dr Peter Kaul, Mr Yves Prussen and Mr Ian Whitecourt to serve as members of the board of overseers for the year ending at the next annual general meeting.
19-Jul-2011
(Official Notice)
15-Jul-2011
(Official Notice)
Reinet announced that the annual report for the year ended 31 March 2011 is available for download from the Reinet website - www.reinet.com. Copies of the report will be mailed to all registered holders of Reinet shares and South African depository receipts and to other parties who have requested them. Copies of the report may be obtained from the registered office of Reinet at the address below or by contacting info@reinet.com. The annual report reflects the information which was released in the Reinet annual results announcement for the year ended 31 March 2011, which was issued on 27 May 2011.
14-Jul-2011
(Official Notice)
As at 30 June 2011, the net asset value (`NAV`) of Reinet Fund S.C.A., F.I.S. amounted to Euro 2 997.2 million, an increase of Euro 210.9 million from 31 March 2011. This valuation reflects the Fund's holding of 84 303 670 shares in British American Tobacco p.l.c., its other investments, cash resources, other assets and liabilities. The assets and liabilities have been revalued to their fair values as at 30 June 2011. The NAV calculation has not been audited. The entire ordinary share capital of the Fund is owned by Reinet Investments S.C.A. In addition, 1 000 management shares in the Fund are held by Reinet Fund Manager S.A. The net asset position of the Fund is a substantial element of the consolidated balance sheet of Reinet Investments S.C.A. at 30 June 2011. However, the consolidated balance sheet of Reinet Investments S.C.A. will reflect other parent company assets and liabilities, including amounts payable to or receivable from the Fund. As such, the net asset value of Reinet Investments S.C.A. may differ from that of the Fund. Unquote Reinet Investments S.C.A. ordinary shares are listed on the Luxembourg Stock Exchange and Reinet Depositary Receipts ('DR's"), each representing a one tenth interest in a Reinet Investments S.C.A. ordinary share, are listed on the JSE.
27-May-2011
(C)
Profit attributable to shareholders of the company was down to EUR249 million (March 2010: EUR691 million). For a defensive strategy BAT has served Reinet well. The decision to remain invested in British American Tobacco has helped drive the increase in Reinet's net asset value since it was established and over the past year. The aggregate net asset value has grown by 10 per cent over the past year from EUR2 537 million at 31 March 2010 to EUR2 784 million. Net asset value per share has increased from EUR 12.95cps to EUR14.21cps over the year.



Dividend

Recognising the need to accumulate retained earnings within Reinet Fund and taking into account the uncertain economic environment, the board of the general partner believes it prudent not to propose any dividend at this time.



Outlook

Although the global economic environment appears to have stabilised in recent months we remain very concerned as to the longer-term impact of the quantitative easing activities of the US Federal Reserve and other central banks. The potential consequences of the bail out of weaker members of the euro zone such as Greece, Ireland and now Portugal by stronger EU countries remain a concern. Reinet Fund is not constrained by any specific industry, currency or geographic focus and will, over time, seek to diversify its portfolio further for the benefit of its investors. We will continue to invest in what we consider are sound opportunities, drawing on the expertise of our current partners and looking to build new relationships with like-minded investors and managers. The investment in British American Tobacco has been a sound foundation on which to build Reinet's growth to date and we expect to continue to be a shareholder in BAT. Further information relating to Reinet and its investments will be communicated to shareholders in due course.
14-Apr-2011
(Official Notice)
Reinet's wholly-owned subsidiary, Reinet Fund SCA, FIS announced its net asset value as at 31 March 2011 as follows:



As at 31 March 2011, the net asset value ("NAV") of Reinet Fund SCA, FIS amounted to EUR2 786.3 million, an increase of EUR248.9 million from 31 March 2010. This valuation reflects the fund's holding of 84 303 670 shares in British American Tobacco plc, its cash resources and other assets net of liabilities and accrued expenses, including an amount of EUR86.4 million payable in respect of the performance fee. The assets and liabilities have been revalued to their fair values as at 31 March 2011. The NAV calculation has not been audited.
17-Feb-2011
(Official Notice)
The directors of Reinet Investments Manager S.A., acting on behalf of Reinet Investments S.C.A., announced that the company, through its subsidiary Reinet Fund S.C.A. F.I.S., has entered into a preliminary agreement with Mr. William T. Winters and RIT Capital Partners plc for the establishment of Renshaw Bay, a new global alternative asset management and advisory company.



Bill Winters, formerly the co-chief executive of JP Morgan Investment Bank, has teamed up with RIT Capital Partners plc, chaired by Lord (Jacob) Rothschild and Reinet Investments S.C.A., chaired by Mr Johann Rupert, to set up a new global alternative asset management and advisory company, Renshaw Bay. Mr Winters will become chairman and chief executive, with Lord Rothschild and Mr Rupert joining as directors. Mr Winters will initially own 50 per cent of the business, with the balance equally owned by RIT, the London-listed investment trust, and by Reinet, the Luxembourg-listed investment vehicle. The business will work with sophisticated investors to develop their risk parameters, investments and trading vehicles. It will work with established funds and new investment companies to craft investments that are suitable for its investor clients. Bill Winters, RIT and Reinet each intend to invest substantial capital in these funds and investment vehicles. The business may also seek to build out or acquire its own investment management capabilities. The business, which is currently being established, intends to apply for FSA authorisation.



The business will co-operate closely with RIT and Lord Rothschild's family investment activities, as well as with Reinet. In parallel with this announcement, Lord Rothschild is pleased to confirm that Bill Winters has agreed to become a non-executive director of RIT Capital Partners plc following the establishment of the business.
18 Jan 2011 08:08:11
(Official Notice)
17 Jan 2011 07:47:14
(Official Notice)
As at 31 December 2010, the net asset value ("NAV") of Reinet Fund SCA, FIS amounted to EUR2 825.0 million, an increase of EUR86.2 million from 30 September 2010. This valuation reflects the Fund's holding of 84 303 670 shares in British American Tobacco plc, its cash resources and other assets net of liabilities and accrued expenses. The assets and liabilities have been revalued to their fair values as at 31 December 2010. The NAV calculation has not been audited. A provision of EUR100 million is included in this NAV calculation in respect of the potential performance fee, which may become payable after 31 March 2011 if certain conditions are met. This provision reflects an increase of EUR25 million from that made in the financial statements at 30 September 2010 and is pro-rated over the period covered by the performance fee. The basis of the calculation of the performance fee is set out in note 17 to the consolidated financial statements of Reinet included in the Reinet 2010 annual report, which may be downloaded from the Reinet website. No fee will be payable if the volume weighted average market price of the Reinet share over the last 20 trading days prior to 31 March 2011 would be below the initial reference price of EUR7.1945.



The entire ordinary share capital of the Fund is owned by Reinet. In addition, 1 000 management shares in the Fund are held by Reinet Fund Manager SA. The net asset position of the Fund is a substantial element of the consolidated balance sheet of Reinet at 31 December 2010. However, the consolidated balance sheet of Reinet will reflect other parent company assets and liabilities, including amounts payable to or receivable from the Fund. As such, the net asset value of Reinet may differ from that of the Fund.
30 Nov 2010 08:08:03
(Official Notice)
Reinet Investments Manager S.A., acting on behalf of Reinet Investments S.C.A. announced that the interim report for the period ended 30 September 2010 is available for download from the Reinet website - www.reinet.com. The interim report reflects the information included in the Reinet interim results announcement for the period ended 30 September 2010, which was issued on 15 November 2010. Copies of the report will be mailed to all registered holders of Reinet shares and South African depository receipts and to other parties who have requested them. Copies of the report may be obtained from the registered office of Reinet at the address below or by contacting info@reinet.com.
15 Nov 2010 08:40:53
(C)
Profit for the period decreased to EUR202 million (2009: EUR406 million), and total comprehensive income attributable to owners of the parent was lower at EUR201 million (2009: EUR 408 million). Furthermore, earnings per share fell to EUR1.02 per share (2009: EUR2.08 per share).



Dividend

Recognising the need to accumulate retained earnings within Reinet Fund and taking into account the uncertain economic environment, the board of the general partner believes it prudent not to propose any dividend at this time.
25 Oct 2010 15:08:20
(Media Comment)
According to Finweek, Reinet's price has increased 25% since November 2008 to 1 215cps, outperforming primary asset, British American Tobacco plc ("BATS") which around 25 October 2010 was trading at R267.50, the share price the tobacco firm reached a few days after listing at the end of October 2008. The driving force behind Reinet's better performance is that it was listed at a discount to its underlying asset value, whereas BATS did not. In addition, BATS is an inward listing. meaning that institutional investors had to reduce their exposure to the company over the next 24 months after it listed on the JSE if they didn't want to use their overseas quotas for that. However, going forward BATS may be the better option as BATS will be paying a big dividend and Reinet is no longer trading at a discount.
15 Oct 2010 08:10:42
(Official Notice)
As at 30 September 2010, the net asset value ('NAV') of Reinet Fund S.C.A., F.I.S. amounted to EUR 2 738.8 million. This valuation reflects the Fund`s holding of 84 303 670 shares in British American Tobacco p.l.c., its cash resources and other assets net of liabilities and accrued expenses. The assets and liabilities have been revalued to their fair values as at 30 September 2010. The NAV calculation has not been audited. A provision of EUR 75 million is included in this NAV calculation in respect of the potential performance fee, which may become payable after 31 March 2011 if certain conditions are met.



This provision reflects an increase of EUR 35 million from that made in the financial statements at 31 March 2010 and is pro- rated over the period covered by the performance fee. The basis of the calculation of the performance fee is set out in note 17 to the consolidated financial statements of Reinet Investments S.C.A. included in the Reinet 2010 annual report, which may be downloaded from the Reinet website. No fee will be payable if the volume weighted average market price of the Reinet Investments S.C.A. share over the last 20 trading days prior to 31 March 2011 would be below the initial reference price of EUR 7.1945.



The entire ordinary share capital of the Fund is owned by Reinet Investments S.C.A. In addition, 1 000 management shares in the Fund are held by Reinet Fund Manager S.A. The net asset position of the Fund is a substantial element of the consolidated balance sheet of Reinet Investments S.C.A. at 30 September 2010. However, the consolidated balance sheet of Reinet Investments S.C.A. will reflect other parent company assets or liabilities, including amounts payable to or receivable from the Fund. As such, the net asset value of Reinet Investments S.C.A. may differ from that of the Fund.

14 Sep 2010 15:32:32
(Official Notice)
At the annual general meeting of Reinet, shareholders approved all of the matters tabled at the meeting. Specifically, the financial statements of the company and the consolidated financial statements for the accounting year ended 31 March 2010 were approved and the general partner and board of overseers discharged from their responsibilities for that period. The shareholders approved the appropriation of retained earnings. The retained earnings of EUR916 445 384 will be carried forward; no dividend is payable. Shareholders also re-elected Mr. Denis Falck, Dr. Peter Kaul, Mr. Yves Prussen and Mr. Ian Whitecourt to serve as members of the board of overseers for the year ending at the next annual general meeting.
19 Jul 2010 09:06:27
(Media Comment)
According to Business Report, Reinet Investments, the dual-listed investment company controlled by he Rupert family, was in a good position to capitalise on the opportunities arising from the sovereign debt crisis in Southern Europe, analysts said. Not only has the crisis which stemmed largely from Greece's understated budget reports-caused unease about the future of the euro, but local analysts say it could cause a decline in share prices of euro zone companies, which would in turn knock confidence. "It could be a very good opportunity for Reinet. Crises often create some mispricing and it is not unlikely that Reinet could capture such an opportunity if the right deal came along, " said Mark Ansley, an analyst from Cadiz Asset Management.
19 Jul 2010 08:12:48
(Official Notice)
Reinet Investments Manager SA announces the results of Reinet for the first quarter ended 30 June 2010.



Key financial data

*Net asset value at 30 June 2010: EUR2 648 million, an increase of 4% from 31 March 2010

*Net asset value per ordinary share at 30 June 2010: EUR13.51 (31 March 2010: EUR12.95)

A provision of EUR40 million is included in the NAV calculation in respect of the potential performance fee, which may become payable after 31 March 2011 if certain conditions are met. This provision is unchanged from that made in the financial statements at 31 March 2010; no additional provision has been made in the quarter to 30 June 2010. The management fee for the quarter under review amounted to EUR5 million.
16 Jul 2010 07:52:50
(Official Notice)
Reinet announced that the annual report for the year ended 31 March 2010 is available for download from the Reinet website - www.reinet.com.
15 Jul 2010 08:11:09
(Official Notice)
Reinet's wholly-owned subsidiary, Reinet Fund SCA, FIS has announced its net asset value as at 30 June 2010 as follows: As at 30 June 2010, the net asset value ("NAV") of Reinet Fund SCA, FIS amounted to EUR2 648.4 million. This valuation reflects the Fund's holding of 84 303 670 shares in British American Tobacco plc, its cash resources and other assets net of liabilities and accrued expenses. The assets and liabilities have been revalued to their fair values as at 30 June 2010. The NAV calculation has not been audited. A provision of EUR40 million is included in this NAV calculation in respect of the potential performance fee, which may become payable after 31 March 2011 if certain conditions are met. This provision is unchanged from that made in the financial statements at 31 March 2010.
01 Jun 2010 09:07:23
(C)
Financial income for the year was higher at EUR87 million (2009: EUR5 million). Financial income represents the dividend received from BAT, other dividends and interest income received on Reinet Fund's cash and liquid resources. During the year under review, Reinet received EUR84 million in dividends from BAT and earned EUR3 million on other investments and liquid funds. The investment in BAT increased in value by EUR689 million during the year under review. Of this, EUR600 million was attributable to the increase in value of the underlying BAT shares in sterling terms and EUR89 million arose due to the appreciation of sterling against the euro over the course of the year. Profit attributable to shareholders for the year amounted to EUR691 million.



Dividend

Recognising the need to accumulate retained earnings within Reinet Fund and taking into account the uncertain economic environment, the board of the general partner believes it prudent not to propose any dividend at this time.



Future development

During the year under review, Reinet invested EUR25 million in property- related investments located mainly in Florida and North and South Carolina. This was principally mortgage debt in respect of land held for future development. The debts were acquired from local lenders at substantial discounts to nominal value, reflecting the depressed economic situation in the United States and the risk that the development companies may not be able to meet their obligations. Alongside its partners, Reinet is committed to invest a further EUR49 million in total to acquire further mortgage debt and to fund development projects. Reinet is working closely with its partners and co-investors in the United States, who have considerable experience in managing such projects, recognising that this is an area where industry knowledge is critical to making the right investment decisions.
07 May 2010 17:35:45
(Official Notice)
Reinet has been advised by Public Investment Corporation Ltd ("PIC") that accounts under its management hold 295 048 871 Reinet South African depository receipts ("DRs"), equivalent to 29 504 887 Reinet shares. Accordingly, PIC's holding indirectly represents 15.0580 per cent of the voting rights in Reinet. Reinet DRs are issued by Richemont Securities AG, a company held jointly by Reinet and Compagnie Financiere Richemont SA. In its capacity as depository, Richemont Securities AG holds one share in safe custody for every 10 Reinet DRs in issue.
16 Apr 2010 07:52:08
(Official Notice)
Net asset value statement as at 31 March 2010



As at 31 March 2010, the net asset value of Reinet Fund S.C.A. F.I.S. amounted to Euro 2 574.6 million. This reflects an increase of Euro 209.6 million, or some 9 per cent, over the NAV as at 31 December 2009 and is some 39 per cent above the NAV as at 31 March 2009. This valuation reflects the Fund's holding of 84 303 670 shares in British American Tobacco p.l.c., its cash resources and other assets net of liabilities and accrued expenses. The assets and liabilities have been revalued to their fair values as at 31 March 2010. The NAV calculation has not been audited.



05 Feb 2010 09:30:22
(Official Notice)
15 Jan 2010 08:13:05
(Official Notice)
As at 31 December 2009, the net asset value of Reinet Fund S.C.A. F.I.S. amounted to Euro 2 365.0 million. This reflects an increase of Euro 107.6 million, or some 5 per cent, over the NAV as at 30 September 2009 and is some 28 per cent above the NAV as at 31 March 2009.
11 Dec 2009 09:56:45
(Media Comment)
Reinet lay dormant in the six months to the end of September 2009, despite plenty of investment opportunities amid the global financial crisis. Business Report quoted Peter Wille, and equity analyst with BoE Private Clients as saying Reinet was "rather quiet during the economic slowdown, which was a good time to make investments." Wille said Reinet was probably too busy organising the operational side of the business to make any serious investments, but that it would be interesting to see what the company does with its British American Tobacco plc shares.
10 Dec 2009 07:33:01
(Official Notice)
Reinet announced that the interim report for the period ended 30 September 2009 is available for download from the Reinet website - www.reinet.com. Copies of the report will be mailed to all registered holders of Reinet shares and South African depository receipts and to other parties who have requested them. Copies of the report may be obtained from the registered office of Reinet at the address below or by contacting info@reinet.com. The interim report reflects the information which was released in the Reinet interim results announcement for the period ended 30 September 2009, which was issued on 17 November 2009. The Reinet annual report for the year ended 31 March 2009 is also available for download from the Reinet website or from the registered office of the company.
17 Nov 2009 09:26:46
(C)
Reinet's interim results showed a profit attributable to shareholders for the six-month period of EUR406 million. EPS EUR 2.08 (March 2009 : EUR 2.39). Net asset value at 30 September 2009: EUR 2 254 million, an increase of 22%

from 31 March 2009 .



Dividend

No final dividend has been declared.



Outlook

In the comparative period ended 31 March 2009, Reinet's results were impacted by transactions linked to the restructuring of Richemont. These included the one- off holding gain realised when 90% of Reinet's holding of BAT shares was distributed to shareholders in November 2008, the equity-accounted share of BAT's income for the period from 1 October 2009 up to the date of the distribution of the shares to shareholders as well as the contribution received from Richemont's luxury goods activities held by Reinet during the period from 1 October 2008 to 20 October 2008, when the current Reinet structure was created. These restructuring-related items are non-recurring and will have no impact on Reinet's net income in the future. At 30 September 2009, the group had committed to invest a further EUR 15 million in unlisted undertakings. In addition the group has committed to invest a further USD130 million and EUR84 million in its private equity investments linked to Trilantic Capital Partners over the next seven years
14 Oct 2009 17:41:43
(Official Notice)
As at 30 September 2009, the net asset value ("NAV") of Reinet Fund SCA FIS amounted to EUR2.3 billion. This reflects an increase of Euro 170.3 million over the NAV as at 30 June 2009 and is some 22 per cent above the NAV as at 31 March 2009. This valuation reflects the fund's holding of 84 303 670 shares in British American Tobacco plc, its cash resources and other assets net of liabilities and accrued expenses. The assets and liabilities have been revalued to fair value as at 30 September 2009. been audited.



The net asset position of the fund is a substantial element of the consolidated balance sheet of Reinet Investments SCA at 30 September 2009. However, the consolidated balance sheet of Reinet Investments SCA will reflect other parent company assets or liabilities, including amounts payable to or receivable from the fund. As such, the net asset value of Reinet Investments SCA will differ from that of the fund.
15 Sep 2009 16:00:07
(Official Notice)
At the Annual General Meeting of Reinet Investments S.C.A. held earlier today in Luxembourg, shareholders approved all of the matters tabled at the meeting.
19 Aug 2009 09:58:41
(Official Notice)
Reinet has been advised by Public Investment Corporation Ltd ("PIC"), that accounts under its management hold 208 773 451 Reinet South African Depository Receipts, equivalent to 20 877 345 Reinet shares. Accordingly, PIC's holding indirectly represents 10.65% of the voting rights in Reinet. Reinet DRs are issued by Richemont Securities AG, a company held jointly by Reinet and Compagnie Financiere Richemont SA. In its capacity as depository, Richemont Securities AG holds one share in safe custody for every 10 Reinet DRs in issue.
14 Jul 2009 11:33:19
(Official Notice)
20 May 2009 08:56:05
(C)
Reinet's maiden interim results as a listed company showed a profit attributable to shareholders for the six-month period of EUR426 million. Net asset value per share amounted to EUR9.42.



Dividend

No final dividend has been declared.



Future developments

Immediately after the year-end, Reinet Fund concluded the deal to acquire, together with the management team, the fund management businesses in New York and London of Lehman Brothers. For a small initial investment, Reinet gained access to a team of experienced asset managers, committed itself to invest alongside the current limited partners in new investments to be made by the two funds and has secured rights to co-invest alongside the funds in new opportunities to be identified by the fund managers. The commitment is to invest USD230 million over the remaining lives of the funds. This positions Reinet to partner in the funds' deals and capitalise on the strengths of the management team.
17 Apr 2009 17:53:39
(Official Notice)
As at 31 March 2009, the net asset value of Reinet Fund S.C.A. F.I.S. amounted to EUR1 847.96 million. This valuation reflects the Fund's holding of 84 303 670 shares in British American Tobacco p.l.c., its cash resources and other assets net of liabilities and accrued expenses. The assets and liabilities have been revalued to fair value as at 31 March 2009. The NAV calculation has not been audited. The entire ordinary share capital of the Fund is owned by Reinet Investments S.C.A., a Luxembourg company incorporated as a securitisation vehicle. In addition, 1 000 management shares in the Fund are held by Reinet Fund Manager SA. The net asset position of the Fund is a substantial element of the consolidated balance sheet of Reinet Investments S.C.A. at 31 March. However, the consolidated balance sheet of Reinet Investments will reflect other parent company assets or liabilities, including amounts payable to or receivable from the Fund. As such, the net asset value of Reinet Investments S.C.A. will differ from that of the Fund.
17 Apr 2009 17:02:15
(Official Notice)
Reinet Investments S.C.A., through its wholly-owned subsidiary Reinet Fund S.C.A. F.I.S., and the current management team of Lehman Brothers Holdings Inc's Merchant Banking business have completed the acquisition of the assets of Lehman Brothers' Merchant Banking business. Reinet and the management team have created a new entity, which has been named Trilantic Capital Partners ("Trilantic"). Trilantic will manage approximately USD3.3 billion in portfolio assets through the two former Lehman Brothers funds - Fund III and Fund IV. Through the transaction, which has been approved by the Funds' limited partners, Reinet has purchased a 49% stake in Trilantic for USD10 million and will take over Lehman Brothers' USD230 million of un-invested limited partner commitments to Fund IV. The management team will own the remaining 51% of the partnership. Charles Ayres, former managing director and head of global merchant banking for Lehman Brothers, will manage the new entity along with his four other partners: E. Daniel James, Joseph Cohen, Vittorio Pignatti-Morano and Javier Banon.
17 Apr 2009 07:30:55
(Official Notice)
Reinet and the current management team of Lehman Brothers Holdings Inc's merchant banking business have completed the acquisition of the assets of Lehman Brothers' merchant banking business. Reinet and the management team have created a new entity, which has been named Trilantic Capital Partners ("Trilantic"). Trilantic will manage approximately USD3.3 billion in portfolio assets through the two former Lehman Brothers funds - Fund III and Fund IV ("the Funds").



Through the transaction, which has been approved by the Funds' limited partners, Reinet has purchased a 49% stake in Trilantic for USD10 million and will take over Lehman Brothers' USD230 million of un-invested limited partner commitments to Fund IV. The management team will own the remaining 51% of the partnership. Charles Ayres, former managing director and head of global merchant banking for Lehman Brothers, will manage the new entity along with his four other partners: E. Daniel James, Joseph Cohen, Vittorio Pignatti-Morano and Javier Banon.



About Trilantic

Trilantic Capital Partners manages funds that seek significant long-term capital appreciation through direct investments in established operating companies in partnership with management. The funds invest in companies with sound business fundamentals, proven operating teams and a compelling business strategy. Since 1986, the Trilantic management team has raised and managed four institutional funds and several employee investment vehicles, with total committed capital in excess of USD8 billion. To date, the Global and Europe Funds IV have made investments of some USD800 million in aggregate. Further commitments by limited partners to invest in the funds currently amount to some USD1.7 billion.
10 Mar 2009 15:18:16
(Official Notice)
Reinet advised that the limited partners in Lehman Brothers Merchant Banking Partners IV LP and Lehman Brothers Merchant Banking Partners IV (Europe) LP (together the 'funds') have approved the proposed involvement of Reinet Fund SCA FIS in the management of the funds.



Reinet will initially invest up to USD10 million in a joint-venture with the current management team and other investors in respect of the funds' management company. In addition, Reinet will assume the managing partner's commitments to invest up to USD230 million in new investments to be made over the remaining lives of the funds. The transaction is expected to close within 30 days.



About Lehman Brothers Merchant Banking ('LBMB')

LBMB manages funds that seek significant long-term capital appreciation through direct investments in established operating companies in partnership with management. The funds invest in companies with sound business fundamentals, proven operating teams and a compelling business strategy. Since 1986, LBMB has raised and managed four institutional funds and several employee investment vehicles, with total committed capital in excess of USD8 billion.



To date, the funds have made investments of some USD800 million in aggregate. Further commitments by limited partners to invest in the funds currently amount to some USD1.7 billion.
22 Jan 2009 07:59:54
(Official Notice)
Reinet announces that its wholly-owned subsidiary Reinet Fund SCA FIS (together "Reinet") and the management team of Lehman Brothers Merchant Banking ("LBMB") have entered into an agreement with the Lehman Brothers bankruptcy estate for the purchase of certain parts of the business of LBMB with respect to the management of two private equity funds currently known as Lehman Brothers Merchant Banking Partners IV LP and Lehman Brothers Merchant Banking Partners IV (Europe) LP (together the "funds"). The transaction is subject to various regulatory approvals, as well as the approval of the limited partners of each of the funds.



As part of the proposed transaction, Reinet will commit up to USD230 million to both existing and new investments in the funds over the remaining three and a half year investment period. Reinet will also participate in the consideration of all future investments by the funds. As indicated on 12 January 2009, the transaction is expected to have no material impact on the net asset value of Reinet.
12 Jan 2009 08:11:45
(Official Notice)
Reinet Investments SCA confirms that it is in negotiation with the Lehman Brothers' bankruptcy estate with a view to participating in the partial buy-out of the former Lehman Brothers private equity business, Lehman Brothers Merchant Banking. Negotiations are continuing with the bankruptcy estate and investors in the funds managed by LBMB. No formal agreement has been reached at this time. If effected, the transaction is not expected to materially impact the net asset value or operating results of Reinet. A further announcement will be made in due course.
17 Dec 2008 17:33:33
(Official Notice)
The board of Reinet Investments Manager SA on behalf of Reinet Investments SCA announces that, following the successful conclusion of the rights issue and the auction of unexercised rights, the underwriters have informed the company that they will not participate in the optional placing. Shareholders are reminded that the terms of the rights issue provided that the underwriters, at their option, could contribute additional shares in British American Tobacco plc in exchange for further shares to be issued by Reinet Investments SCA. The Reinet rights issue was concluded on Monday 15 December 2008. 92.9% of the available subscription rights were taken up by shareholders exercising 101 163 315 warrants. The remaining 7 692 955 warrants were sold at auction on Monday 15 December, with the underwriters acquiring 7 648 575 subscription rights at an average price of Euro 1.45. Following the completion of the rights issue process, there are now 195 941 286 Reinet shares in issue.
17 Dec 2008 08:02:14
(Official Notice)
The board of Reinet Investments Manager SA announced the conclusion of the auction process. Further to the press release of Friday 12 December 2008, following the clarification of the number of unexercised warrants in South Africa, the final number was 7 692 955.



The auction resulted in 7 692 955 subscription rights (the "Subscription Rights") attaching to 7 692 955 unexercised warrants issued by Reinet being sold. The total net proceeds of the auction (after deduction of the costs relating thereto) are estimated to be EUR11 145 590 and will be paid to the holders of unexercised warrants pro-rata to their respective entitlements. The amount payable per unexercised warrant is estimated to be EUR1.4488. Payments will be effected through Reinet's registrars and the usual settlement systems. Holders of unexercised South African warrant receipts will (subject to a de minimus level) receive their pro-rata entitlement in rand at the exchange rate prevailing when the funds are transferred to the depository agent.



The auction process being concluded, Reinet will issue 87 085 016 new shares on 17 December 2008; the new shares will commence trading on the Luxembourg Stock Exchange from that date. The new shares will be credited to holders' Clearstream and Euroclear accounts and to Richemont Securities AG, as the depository in respect of the shares to be issued in the form of South African depository receipts (DRs) on 17 December 2008.



New Reinet DRs will be issued to holders in South Africa on 17 December 2008 and trading in the new DRs will commence on the stock exchange operated by the JSE Ltd from that date. Dematerialised holders of Reinet DRs will have their accounts credited on or about 18 December 2008. Certificates in respect of Reinet DRs will be posted to certificated holders on or about the same date. As a result of the rights issue, the number of Reinet ordinary shares in issue has increased to 195 941 286 ordinary shares. Following the contribution of 23 870 007 shares in British American Tobacco plc ("BAT") pursuant to the rights issue, Reinet now holds 84 303 670 BAT shares.
15 Dec 2008 09:23:17
(Official Notice)
Reference is made to the announcement published on 11 December, 2008 with respect to the estimated status of the exercise of warrants issued by Reinet as at 11 December, 2008. The purpose of this announcement is to confirm the status of unexercised warrants and the number of subscription rights that will be sold at the auction to be held on Monday, 15 December 2008 in Luxembourg. Information as to the exercise of warrants on behalf of holders of South African warrant receipts has now been received. The figures provided are still subject to final confirmation but are not expected to change materially.



A total of 108 856 270 warrants were issued by the company. Of these, 101 163 357 warrants, representing 92.93 per cent of the total, have been exercised. The final number of unexercised warrants as at 12 December, 2008 is therefore 7 692 913. Consequently, 7 692 913 subscription rights will be sold at the auction. Every five subscription rights entitle the holder to subscribe for four Reinet ordinary shares. Subscription rights purchased at the auction must be exercised immediately.



The auction will be held at 11.00 am at the registered office of the Luxembourg Stock Exchange, avenue de la Porte Neuve, L-2227 Luxembourg. The auction will be conducted by Mr Carlos Calvo, huissier de justice, Luxembourg. Parties wishing to bid at the auction must appoint a member of the Luxembourg Stock Exchange to represent them at the auction, which will not be open to the public. The terms of the auction were set out in a prospectus dated 14 November 2008, which may (subject to certain restrictions) be downloaded from the Reinet website (www.reinet.com) and in the press announcement dated 9 December 2008. Copies of these documents are available on the Reinet website and on the website of the Luxembourg Stock Exchange (www.bourse.lu).
11 Dec 2008 15:58:27
(Official Notice)
On 14 November 2008, Reinet issued nil paid warrants to its shareholders, each warrant entitling the holder to subscribe for new shares to be issued by Reinet in the ratio of 4 new Reinet shares for every 5 warrants held. The consideration for each new share to be issued was set at 0.2741 of a British American Tobacco plc ('BAT') share. The terms of the rights issue were set out in a prospectus dated 14 November 2008, which may (subject to certain restrictions) be downloaded from the Reinet website (www.reinet.com). The rights issue is fully underwritten.



Eligible holders of warrants held through Clearstream and Euroclear had until Wednesday, 10 December 2008 to elect to exercise the warrants (or such other time as may have been specified by their relevant financial intermediaries or settlement systems) and thereby participate in the rights issue. The subscription rights relating to unexercised warrants will be sold by way of an auction to be held on Monday, 15 December 2008 in Luxembourg. The auction will be held at 11.00 am (CET) at the registered office of the Luxembourg Stock Exchange, avenue de la Porte Neuve, L-2227 Luxembourg. The auction will be conducted by Mr Carlos Calvo, huissier de justice, Luxembourg. The status of the exercise of the warrants presently known may be summarised as follows:

*10 246 038 warrants are held in dematerialised form in Clearstream and Euroclear (excluding those held by the depositary in respect of South African warrant receipts in issue). 5 949 510 of those warrants have (subject to completing the delivery of the requisite number of BAT shares) been exercised. It is therefore expected that at least 4 296 528 subscription rights in respect of unexercised warrants should be available for purchase at the auction;

*5 852 541 warrants are currently held in registered form. It is anticipated that all of these warrants will be exercised by 9.00am (CET) on Friday, 12 December 2008; and

*92 757 691 warrants are held in the form of South African warrant receipts. The level of exercises in respect of these warrant receipts will not be known before 3.00pm (CET) on Friday, 12 December 2008.

Further details of the number of unexercised warrants will be announced by the close of business on Friday, 12 December 2008 and published on the website of the Luxembourg Stock Exchange (www.bourse.lu).
10 Dec 2008 08:51:43
(Official Notice)
Reinet Investments SCA issued nil paid warrants to its shareholders each warrant entitling the holder to subscribe for new shares to be issued by Reinet in the ratio of 4 new Reinet shares for every 5 warrants held. The consideration for each new share to be issued was set at 0.2741 of a share of BAT.The terms of the rights issue were set out in a prospectus dated 14 November 2008 which may be downloaded from the Reinet website.The rights issue is fully underwritten.Trading in the warrants ceased on the Luxembourg Stock Exchange on Friday 5 December 2008.Trading of warrant receipts on the exchange operated by the JSE Limited in South Africa also ceased on 5 December. Eligible holders of warrants held through Clearstream and Euroclear have until Wednesday 10 December to elect to exercise the warrants and thereby participate in the rights issue.Holders of warrant receipts in South Africa may similarly elect to exercise their warrant receipts until 12 December 2008 or such other time as may be specified by their brokers or other service providers. On 12 December 2008 Reinet will establish the number of warrants exercised and accordingly the number of unexercised rights which are to be sold by auction. The number of unexercised rights will include those warrants held in the form of warrant receipts in South Africa which have not been exercised. It is envisaged that details of the numbers of warrants exercised will be published on the Reinet website by the close of business on 12 December 2008 and on the website of the Luxembourg Stock Exchange.Subscription rights attaching to unexercised warrants will be sold by way of an auction to be held on Monday 15 December 2008 in Luxembourg. BATshares to be contributed to Reinet following the exercise of the subscription rights.
24 Nov 2008 17:39:16
(Official Notice)
South African holders of Reinet DRs are referred to paragraph eleven on page 24 of the supplementary information memorandum published by Richemont Securities AG ("SIM") on 15 August 2008 which explained that South African taxpayers should allocate the Capital Gains Tax ("CGT") base cost of their Richemont DRs between their CFR DRs and Reinet DRs. The basis for this allocation was illustrated in the announcement released on SENS on 30 October 2008 which expressed an apportionment ratio in respect of the CFR DRs and Reinet DRs based on the market values of the securities on the first day of their trading. The apportionment ratio set out in the announcement indicated that the CGT base cost of the Richemont DR should be allocated 45.7% as to the Reinet DR and 54.3% as to the CFR DR.



Fiscal information in respect of the capital repayment and reduction of profits Holders of Reinet DRs are advised that 6.8% of the distribution of BAT Shares effected on 3 November 2008 comprised share capital or share premium of Reinet; accordingly, 93.2% of the distribution of BAT Shares comprised a reduction of profits of Reinet. These percentages have been rounded to one decimal place.



For South African tax purposes, the closing share price of BAT Shares on the JSE on 31 October 2008 was R266.21 per BAT Share. Therefore, of the R266.21 per BAT Share distribution, an amount of R18.10 may be treated as a distribution from share capital or share premium of Reinet and an amount of R248.11 may be treated as a distribution resulting in a reduction of profits of Reinet. Holders of CFR and Reinet DRs are advised to seek professional tax and financial advice. Neither CFR nor Reinet nor Richemont Securities can accept any liability in respect of the information provided herein nor for the consequences of the reconstruction steps as they relate to individual unitholders, shareholders or DR holders.
14 Nov 2008 09:40:14
(Official Notice)
05 Nov 2008 14:35:59
(Official Notice)
Further to the announcement of 4 November 2008 that the board of Reinet Investments Manager SA has decided to postpone the pricing and launch of the planned rights issue by one week. For the avoidance of doubt, in light of the decision to postpone the pricing and launch of the planned rights issue by one week, contrary to what was announced on 24 October 2008 and in the timetable included in the prospectus published by Reinet on 10 October 2008, there will be no blocking of the conversion of Reinet Shares into Reinet DRs (and vice versa) on Thursday 6 November 2008 and Friday 7 November 2008. The revised timetable for the rights issue is as follows :

* Conversion of Reinet shares into Reinet DRs and Reinet DRs into Reinet shares blocked -- Thursday 13 November and Friday 14 November 2008

* Publication of the rights offering prospectus -- Friday 14 November 2008

* Record date for Reinet shareholders with respect to warrants entitlement -- Friday 14 November 2008

* Warrants commence trading on the Luxembourg Stock Exchange -- Monday 17 November 2008

* First day of warrants exercise period -- Monday 17 November 2008

* Conversion of warrants into warrant receipts and warrant receipts into warrants blocked -- Thursday 4 December 2008

* Last day to trade warrants on the Luxembourg Stock Exchange -- Friday 5 December 2008

* Last practicable day of warrants exercise period in respect of dematerialised warrants -- Wednesday 10 December 2008

* Last day of warrants exercise period -- Friday 12 December 2008

* Auction of unexercised warrants on the Luxembourg Stock Exchange -- Monday 15 December 2008

* BAT Shares in respect of rights bought at the auction to have been received by the company -- Tuesday 16 December 2008

* Settlement date for new Reinet shares -- Wednesday 17 December 2008
04 Nov 2008 12:22:03
(Official Notice)
In the light of the difficulties seen in settlement systems between the Luxembourg and Johannesburg stock exchanges, the board of Reinet Investments Manager SA has decided that it would be prudent to postpone the pricing and launch of the planned rights issue by one week. Warrants to subscribe for additional Reinet shares will now be issued on Friday, 14 November and trading in the warrants and South African warrant receipts will begin on Monday, 17 November. Further timetable details will be announced in due course. Reinet shares and South African depositary receipts began trading on 21 October 2008. On 3 November 2008, Reinet successfully implemented the distribution of 90 per cent of its interest in British American Tobacco to shareholders and DR holders, combined with the cancellation of 86.3 per cent of its capital. On the same date, Remgro Ltd contributed 10 per cent of its interest in BAT to Reinet in exchange for the issue of some 300 million new Reinet DRs to Remgro shareholders. That distribution has been effected this morning. The restructuring proposals also include the issue of nil-paid renounceable warrants, entitling shareholders and DR-holders to participate in a further capital increase in Reinet by way of the rights issue.
03 Nov 2008 08:52:04
(Official Notice)
Further to the restructuring of Richemont as set out in the Information Memorandum dated 15 August 2008 and the Reinet prospectus dated 10 October 2008, Reinet Investments SCA will, as previously announced, distribute 90 per cent of its interest in British American Tobacco plc ("BAT") to its shareholders and holders of Reinet Investments depositary receipts ('DRs'). The distribution is against the cancellation of 86.3 per cent of shareholders' and DR holders' interests in Reinet. Reinet shares and DRs have traded 'ex' the entitlement to the BAT distribution since Tuesday, 28 November 2008. South African Depositary Receipts trade in the ratio of 10 Reinet DRs for each Reinet share.



During the course of Monday, 3 November 2008, Reinet will cancel 495 599 271 shares, being 86.3% of the ordinary shares in issue, and deliver 351 032 964 shares in BAT to shareholders. It is expected that the BAT shares will be credited to holders' accounts by Tuesday, 4 November 2008. Richemont Securities AG ('Richemont Securities') will consequently also cancel 86.3% of the DRs currently in issue and deliver BAT shares to DR holders. Subject to Remgro Ltd ("Remgro") exercising a put option granted by Reinet, Reinet will today also issue a further 30 255 541 new shares in exchange for a contribution by Remgro of 21 430 000 BAT shares. Upon receipt of such BAT shares from Remgro, Reinet shall issue these new shares in the form of 302 555 410 DRs directly to Remgro shareholders. Following the Reinet reduction of capital and the capital increase as a consequence of the Remgro contribution, Reinet will have 108 856 270 ordinary shares outstanding (in addition to the 1 000 management shares in issue) and will hold 60 433 663 BAT shares.
30 Oct 2008 14:18:39
(Official Notice)
27 Oct 2008 08:37:50
(Official Notice)
09-Jan-2017
(X)
Reinet was established on 21 October 2008 when the former Richemont SA changed its legal form to that of a partnership limited by shares and adopted the name Reinet Investments S.C.A.



At the same time as it changed its legal status, Richemont SA redeemed its ordinary capital, which was held exclusively by Compagnie Financi?re Richemont SA ("CFR"), by way of the distribution to CFR of its entire luxury goods interests. In consequence, CFR became a specifically focused luxury goods company and Reinet was established as an investment vehicle, the principal asset of which was the former Richemont?s interest in British American Tobacco.


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