Wrap Text
Reopening of the review period of the voluntary public tender offer document for all YNAP ordinary shares
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
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
COMPANY ANNOUNCEMENT
8 MARCH 2018
VOLUNTARY PUBLIC TENDER OFFER FOR ALL ORDINARY SHARES
OF YOOX NET-A-PORTER GROUP S.P.A.
ANNOUNCEMENT OF THE REOPENING OF THE REVIEW PERIOD
PURSUANT TO ARTICLE 38, FIRST PARAGRAPH, OF CONSOB
REGULATION NO. 11971 OF 14 MAY 1999
Compagnie Financière Richemont SA ("Richemont"), the Swiss luxury goods group, announces that, with reference to the offer document (the "Offer Document") filed on 12 February 2018 with the Commissione Nazionale per le Società e la Borsa ("Consob") by RLG Italia Holding S.p.A. (the "Offeror") and related to the voluntary public tender offer under article 106, fourth paragraph, of legislative decree of 24 February 1998 no. 58 ("TUF"), for all the issued and to be issued ordinary shares of YOOX NET-A-PORTER GROUP S.p.A. ("YNAP") other than those that the Offeror and the persons acting in concert with the Offeror already own, following the announcement issued on 21 February 2018 on the suspension of the review period, Consob today informed that the review period for the approval of the Offer Document is reopened from 8 March 2018, pursuant to article 102, fourth paragraph, of the TUF.
The original announcement of the reopening of the review period, in Italian, can be downloaded from the Richemont website at https://www.richemont.com/investor-relations/yoox-net-a-porter-group-tender-offer.html. In the event of inconsistencies with this English translation, the original Italian version of the announcement will prevail and no responsibility is accepted for the accuracy of the translation.
About Richemont
Richemont owns a portfolio of leading international 'Maisons' which are recognised for their distinctive heritage, craftsmanship and creativity. The Group operates in three segments: Jewellery Maisons, being Cartier, Van Cleef and Arpels and Giampiero Bodino; Specialist Watchmakers, being A. Lange and Söhne, Baume and Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Officine Panerai, Piaget, Roger Dubuis and Vacheron Constantin as well as the Ralph Lauren Watch and Jewelry joint venture; and Other, including Alfred Dunhill, Azzedine Alaïa, Chloé, Lancel, Montblanc and Peter Millar as well as watch component manufacturing activities.
In addition, Richemont holds a 49% equity-accounted interest in YOOX NET-A-PORTER GROUP, a publicly traded company.
For the financial year ended 31 March 2017, Richemont reported sales of EUR 10 647 million, operating profit of EUR 1 764 million and profit for the year of EUR 1 210 million.
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.
Investor/analyst and media contacts
Sophie Cagnard, Group Corporate Communications Director
James Fraser, IR Executive
Investors/analysts +41 22 721 30 03 investor.relations@cfrinfo.net
Media +41 22 721 35 07 pressoffice@cfrinfo.net
richemont@teneobluerubicon.com
COMPAGNIE FINANCIERE RICHEMONT SA
50, CHEMIN DE LA CHENAIE | CASE POSTALE 30 | 1293 BELLEVUE | GENEVA | SWITZERLAND
TELEPHONE +41 (0)22 721 3500
WWW.RICHEMONT.COM
Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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