CFR - Compagnie Financiere Richemont SA Depositary Receipts - Press Release

CFR - Compagnie Financiere Richemont SA Depositary Receipts - Press Release     
Compagnie Financiere Richemont SA Depositary Receipts                           
issued by Richemont Securities AG                                               
(Incorporated in Switzerland)                                                   
ISIN: CH0045159024                                                              
Depositary Receipt Code: CFR                                                    
PRESS RELEASE - 8 SEPTEMBER 2010                                                
(EMBARGOED FOR RELEASE AT 15h00 CET)                                            
RICHEMONT ANNUAL GENERAL MEETING 2010                                           
DECISIONS OF THE MEETING                                                        
At the Annual General Meeting of Compagnie Financiere Richemont SA 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 2010.                                                               
A dividend of CHF 0.350 per share will be paid on the listed `A` bearer shares  
and a dividend of CHF 0.035 per share will be paid on the unlisted `B`          
registered shares of the Company. The dividend in respect of the `A` shares     
will be payable on 16 September 2010 against presentation of coupon number 13,  
free of charges but subject to Swiss withholding tax at 35 per cent.            
The remaining available retained earnings of the Company at 31 March 2010 of    
CHF 1 600 466 093, after payment of the dividend, are to be carried forward to  
the next business year.                                                         
All other matters on the agenda, including the election of the proposed board   
of directors and revisions to the Company`s Articles of Incorporation, were     
approved by the shareholders. In addition to the members of the board standing  
for re-election, the shareholders appointed Mr Josua Malherbe, Dr Frederick     
Mostert, Mr Guillaume Pictet, Me Dominique Rochat and Mr Gary Saage to the      
Board.                                                                          
During the general meeting, the Chairman also announced that the board meeting  
held earlier in the day had approved the recommendations of its Nominations     
Committee with regard to the responsibilities of certain directors with         
immediate effect. Mr Yves-Andre Istel had been appointed Deputy Chairman of     
the Board; Mr Yves-Andre Istel had been appointed Chairman of the Board`s       
Audit Committee; Josua Malherbe had been appointed to the Board`s Audit         
Committee; and Lord Douro had been appointed to the Board`s Compensation        
Committee.                                                                      
Press      Mr Alan Grieve        Analysts`   Ms Sophie Cagnard                  
enquiries: Director of Corporate enquiries:  Head of Investor                   
          Affairs                           Relations                           
Tel: +41 22 721 3507              Tel: +33 1 5818 2597                
Sponsor                                                                         
RAND MERCHANT BANK (a division of FirstRand Bank Limited)                       
Compagnie Financiere Richemont SA                                               
50, Chemin de la Chenaie  1293 Bellevue - Geneva Switzerland                    
Telephone +41 (0)22 721 3500  Telefax +41 (0)22 721 3550                        
www.richemont.com                                                               
8 SEPTEMBER 2010                                                                
Date: 08/09/2010 15:06:02 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.