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COMPAGNIE FINANCIERE RICHEMONT SA - Richemont announces the end of the share buy-back programme initiated in May 2014 and the launch of a new programme

Release Date: 12/05/2017 07:25
Code(s): CFR     PDF:  
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Richemont announces the end of the share buy-back programme initiated in May 2014 and the launch of a new programme

Compagnie Financière Richemont SA
Depositary Receipts issued by Richemont Securities SA
(“Richemont Securities” or “Richemont”)
(Incorporated in Switzerland)
Share code: CFR
ISIN: CH0045159024
Depositary Receipt Code: CFR

COMPANY ANNOUNCEMENT FOR IMMEDIATE RELEASE

12 MAY 2017

RICHEMONT ANNOUNCES THE END OF THE SHARE BUY-BACK PROGRAMME INITIATED IN MAY 2014  AND THE LAUNCH OF A NEW PROGRAMME
                    
Richemont’s three-year share buy-back programme announced on 15 May 2014 ended today.
Under the programme, the Company repurchased a total of 5 185 000 ‘A’ shares, representing
0.9 % of the capital and 0.5 % of the voting rights of Compagnie Financière Richemont SA.
Richemont’s share purchase history can be found on the Company’s website at:
https://www.richemont.com/investor-relations/share-buy-back-information.html

In addition, Richemont announces a new programme to buy-back up to 10 million Richemont
‘A’ shares through the market over the next three years, representing 1.7 % of the capital and
1.0 % of the voting rights of Compagnie Financière Richemont SA.

Purchases will be effected through ‘A’ share purchases on SIX Swiss Exchange at prevailing
market prices. The ‘A’ shares acquired will not be cancelled and no second trading line will be
introduced as a consequence of the buy-back programme. The ‘A’ shares to be acquired will be
held in treasury to hedge awards to executives under the Group’s stock option plan.

Richemont currently holds 9.4 million ‘A’ shares in treasury as a consequence of previous buy-
back programmes, which were also linked to the Group’s stock option plan. Those shares
represent 1.6 % of the capital and 0.9 % of the voting rights of the Company.

                           ______________________________________

Enquiries: Sophie Cagnard, Group Corporate Communications Director
E-mail: investor.relations@cfrinfo.net  Tel +33 1 58 18 25 97
        pressoffice@cfrinfo.net         Tel +41 22 721 35 07


Richemont ‘A’ shares are listed on the SIX Swiss Exchange, Richemont’s primary listing, and are
included in the Swiss Market Index ('SMI') of leading stocks. Richemont South African
Depository Receipts are listed in Johannesburg, Richemont’s secondary listing.

Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited)

COMPAGNIE FINANCIÈRE RICHEMONT SA
50, CHEMIN DE LA CHENAIE CP30 1293 BELLEVUE - GENEVA SWITZERLAND
TELEPHONE +41 (0)22 721 3500 TELEFAX +41 (0)22 721 3550 WWW.RICHEMONT.COM

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