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INVESTEC BANK LIMITED - Dividend - CFRIHA

Release Date: 31/08/2012 16:08
Code(s): CFRIHA     PDF:  
Wrap Text
Dividend - CFRIHA

INVESTEC WARRANTS

JSE SHARE CODE: CFRIHA
JSE ISIN CODE:  ZAE000169447



DECLARED DIVIDEND ANNOUNCEMENT ON COMPAGNIE FINANCIERE RICHEMONT SA HOT ENHANCED
DIVIDEND SECURITIES – (“CFRIHA”)


With reference to the dividend announcement, the Directors of Compagnie Financiere Richemont SA have
recommended a dividend of 48.5666 ZAR cents per ordinary share, still to be approved at the annual general
meeting on 5 September 2012, which they have anticipated will be payable on Friday, 21 September 2012 to
ordinary shareholders, recorded in the books of the company at the close of business on Friday, 14 September
2012.

Swiss withholding tax rate is 35%, resulting in a net dividend of 31.5683 ZAR cents per share. Richemont
Securities SA will operate a programme for South African tax residents, who will generally be eligible to recover
20% of the 35% withholding tax levied on the CHF dividend.

In line with the announcement made on 16 May 2012, no local dividend tax rate will apply.

Accordingly, the warrant holders of CFRIHA, will receive a Compagnie Financiere Richemont SA dividend amount
of 31.5683 ZAR cents per security on Friday, 21 September 2012 in terms of the Cession clause incorporated in
the Supplement between the holders and Investec Bank Limited. The last day to trade (“cum” the dividend) in
order to participate in the dividend will be Friday, 7 September 2012.

CFRIHA Hot Enhanced Dividend Securities will commence trading “ex” the dividend from the commencement of
business on Monday, 10 September 2012, and the record date will be Friday, 14 September 2012.

A further announcement will be made after the annual general meeting in order to confirm all salient dates and
dividend amounts.

 Copies of the offering circular may be obtained from:
         Investec Bank Limited
         100 Grayston Drive
         Sandown
         Sandton
         2196

 For further information contact:
          Investec Warrants
          Tel.: 0860 103 343
          E-mail: warrants@investec.co.za
          Internet: www.investec.com.za


 Sponsor
           Investec Securities Limited
           Member of the JSE
           Registration number. 1972/008905/06)

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