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RCH
RCH
RCH - Richemont Securities AG - Proposed dividend dates for holders of South
African Depository Receipts and No Change Statement
Richemont Securities AG
(Incorporated in Switzerland)
Share code: RCH
ISIN: CH0013157380
("Richemont")
PROPOSED DIVIDEND DATES FOR HOLDERS OF SOUTH AFRICAN DEPOSITORY RECEIPTS ("DRs")
AND NO CHANGE STATEMENT
The dividend payable to holders of Richemont Securities` DRs resident in the
South African Common Monetary Area is derived from the dividend paid by
Richemont SA, Luxembourg and Compagnie Financiere Richemont SA, Switzerland to
holders of Richemont `A` units and is payable in rand. The Board of Directors of
these companies have recommended a total dividend of Euro 1.25 per unit this
year. This comprises an ordinary dividend of Euro 0.65 per unit, an increase of
8 per cent over the prior year, together with a special dividend of Euro 0.60
per unit. The ordinary dividend will be paid jointly by Richemont SA, Luxembourg
- which will pay Euro 0.5960 per unit - and Compagnie Financiere Richemont SA
("CFR") - which will pay Euro 0.0540 per unit. The dividend payable by CFR will
be subject to Swiss withholding tax of 35 per cent, resulting in a net dividend
of Euro 0.0351 per unit. The special dividend will be payable by Richemont SA,
Luxembourg. No withholding tax will be deductible in respect of the dividends
payable by Richemont SA, Luxembourg. As DR`s trade in the ratio of 10 DRs to
each Richemont `A` unit, the entitlement per DR is as follows:
Gross dividend Withholding tax Net dividend in
per DR in euro at 35% in euro euro cents
cents cents
Richemont SA 5.960 - 5.960
Compagnie Financiere
Richemont SA 0.540 0.189 0.351
Richemont SA -
special dividend 6.000 - 6.000
Total 12.500 0.189 12.311
The exchange rate applicable for the conversion of euro into rand for the
payment of the dividends will be announced on SENS on Friday 7 September 2007.
The payment dates in respect of the dividend in respect of the South African DRs
are as follows:
Finalisation date Friday, 7 Sept 2007
Last date to trade "cum dividend" Friday, 14 Sept 2007
(`LDT`)
Trading commences "ex-dividend"
from the commencement of business
on Monday, 17 Sept 2007
DR dividend record date Friday, 21 Sept 2007
DR dividend payment date Friday, 28 Sept 2007
DR Holders may not dematerialise or rematerialise their holding of Richemont DRs
between Monday, 17 September 2007 and Friday, 21 September 2007, both days
inclusive.
With regard to the audited results for the year ended 31 March 2007, DR holders
are advised that the text of the preliminary results announcement is available
on the Richemont website www.richemont.com. The annual financial statements and
proxy voting forms for the annual general meeting will be distributed to holders
on Friday 20 July 2007 and contain no modifications to the audited results which
were published on SENS on 24 May 2007. The electronic version of the annual
report will also be available on the Richemont website from Friday 20 July 2007.
Richemont Securities AG DRs are issued subject to the terms of the Deposit
Agreement dated 25 August 1988, as amended and, by holding DRs, investors
acknowledge that they are bound by the terms of the Deposit Agreement. Copies of
the Deposit Agreement may be obtained by investors from Richemont Securities AG
or Computershare Investor Services 2004 (Pty) Limited.
19 July 2007
Merchant bank and sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 19/07/2007 07:30:01 Produced by the JSE SENS Department.
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