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

CFR - Compagnie Financiere Richemont SA Depositary Receipts - Richemont Annual

Release Date: 09/09/2009 15:06
Code(s): CFR
Wrap Text

CFR - Compagnie Financiere Richemont SA Depositary Receipts - Richemont Annual General Meeting 2009 Compagnie Financiere Richemont SA Depositary Receipts issued by Richemont Securities AG (Incorporated in Switzerland) ISIN: CH0045159024 Depositary Receipt Code: CFR RICHEMONT ANNUAL GENERAL MEETING 2009 DECISIONS OF THE MEETING At the Annual General Meeting of Compagnie Financiere Richemont SA (`the Company` or `the Group`) the held today in Geneva, the shareholders approved the results for the year, including the proposals of the board of directors for the appropriation of retained earnings at 31 March 2009. A dividend of CHF 0.30 per Richemont share will be paid on the `A` bearer shares of Compagnie Financiere Richemont SA. The dividend will be payable on 14 September 2009 against presentation of coupon number 12, free of charges but subject to Swiss withholding tax at 35 per cent. No dividend will be paid on `A` bearer shares held in treasury by the Group. In respect of the dividend to be paid on Compagnie Financiere Richemont SA Depositary Receipts, the payment dates and amounts were announced on 4 September 2009. The remaining available retained earnings of the Company at 31 March 2009 of CHF 1 670 309 826, after payment of the dividend, will be carried forward to the next business year. All other matters on the agenda were approved by the shareholders. All the serving members of the board of directors were re-elected. At the meeting, the Chairman indicated that Mr Josua Malherbe, former deputy Chairman of VenFin Limited and Dr Frederick Mostert, Richemont`s Lead Counsel and Chief Intellectual Property Counsel would be proposed for election to the Board at the 2010 meeting. Press enquiries: Mr Alan Grieve Director of Corporate Affairs
Tel: +41 22 721 3507 Analysts` inquiries: Ms Sophie Cagnard Head of Investor Relations Tel: +33 1 5818 2597
Richemont owns a portfolio of leading international brands or `Maisons`, which are managed independently of one another, recognising their individuality and uniqueness. The businesses operate in five areas: Jewellery Maisons, being Cartier and Van Cleef & Arpels; Specialist watchmakers, which is made up of Jaeger-LeCoultre, Piaget, IWC, Baume & Mercier, Vacheron Constantin, Officine Panerai, A. Lange & Sohne and Roger Dubuis; Writing Instrument Maison - Montblanc; Leather and accessories Maisons, being Alfred Dunhill and Lancel; and Other businesses, which includes, specifically, Chloe as well as other smaller Maisons and watch component manufacturing activities for third parties. In October 2008, Richemont spun off its investment in British American Tobacco together with some Euro 350 million in cash and a portfolio of other smaller investments to Reinet Investments SCA, Luxembourg. Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Compagnie Financiere Richemont SA 50, Chemin de la Chenaie CH-1293 Bellevue - Geneva Switzerland Telephone +41 (0)22 721 3500 Telefax +41 (0)22 721 3550 www.richemont.com 9 September 2009 Date: 09/09/2009 15:06:01 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