To view the PDF file, sign up for a MySharenet subscription.

CFR - Compagnie Financiere Richemont SA Depositary Receipts - Proposed

Release Date: 13/07/2009 15:10
Code(s): CFR
Wrap Text

CFR - Compagnie Financiere Richemont SA Depositary Receipts - Proposed dividend dates for holders of South African depository receipts ("DRs") and no change statement Compagnie Financiere Richemont SA Depositary Receipts issued by Richemont Securities AG (Incorporated in Switzerland) ISIN: CH0045159024 Depositary Receipt Code: CFR ("Richemont") PROPOSED DIVIDEND DATES FOR HOLDERS OF SOUTH AFRICAN DEPOSITORY RECEIPTS ("DRS") AND NO CHANGE STATEMENT The dividend payable to holders of Richemont Securities` DRs resident in the South African Common Monetary Area is derived from the dividend paid by Compagnie Financiere Richemont SA, Switzerland ("CFR") to holders of Richemont `A` shares and is payable in rand. The Board of CFR decided to recommend the payment of an ordinary dividend of CHF 0.30 per `A` share. The dividend payable by CFR will be subject to Swiss withholding tax of 35 per cent, resulting in a net dividend of CHF 0.195 per share. As DR`s trade in the ratio of 10 DRs to each Richemont `A` share, the entitlement per DR is as follows: Gross dividend per Withholding tax Net dividend in
DR in Swiss francs at 35% in Swiss Swiss francs francs Total 0.0300 0.0105 0.0195 The exchange rate applicable for the conversion of Swiss francs into rand for the payment of the dividends will be announced on SENS on Friday 4 September 2009. The payment dates in respect of the dividend of the South African DRs are as follows: Finalisation date Friday, 4 Sept 2009 Last date to trade "cum dividend" (`LDT`) Friday, 11 Sept 2009
Trading commences "ex-dividend" from the Monday, 14 Sept 2009 commencement of business on DR dividend record date Friday, 18 Sept 2009 DR dividend payment date Friday, 25 Sept 2009 DR Holders may not dematerialise or rematerialise their holding of Richemont DRs between Monday, 14 September 2009 and Friday, 18 September 2009, both days inclusive. With regard to the audited results for the year ended 31 March 2009, DR holders are advised that the text of the preliminary results announcement and the annual report are available on the Richemont website www.richemont.com. The annual financial statements and proxy voting forms for the annual general meeting were distributed to DR holders on Wednesday 1 July 2009 and contain no modifications to the audited results which were published on SENS on 14 May 2009. Richemont Securities AG Depository Receipts are issued subject to the terms of the Deposit Agreement dated 25 August 1988 as amended on 18 December 1992, 28 September 2001 and 7 August 2008. By holding Depository Receipts, investors acknowledge that they are bound by the terms of the Deposit Agreement. Copies of the Deposit Agreement may be obtained by investors from Richemont Securities AG or Computershare Limited. 13 July 2009 Merchant bank and sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 13/07/2009 15:10:05 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

Share This Story