| Tue 26 Feb 2008, 8:00 | | RCH - Richemont Securities AG - Disclosure of significant holding of Compagnie |
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RCH
RCH
RCH - Richemont Securities AG - Disclosure of significant holding of Compagnie
Financiere Richemont Sa `A` bearer shares in accordance with article 20 of the
Swiss Federal Stock Exchange Act
Richemont Securities AG
(Incorporated in Switzerland)
Share code: RCH
ISIN: CH0013157380
DISCLOSURE OF SIGNIFICANT HOLDING OF COMPAGNIE FINANCIERE RICHEMONT SA `A`
BEARER SHARES IN ACCORDANCE WITH ARTICLE 20 OF THE SWISS FEDERAL STOCK EXCHANGE
ACT
Compagnie Financiere Richemont SA has been advised by Public Investment
Corporation Limited (`PIC`), Private Bag X187, Pretoria 0001, Republic of South
Africa that accounts under its management hold Richemont South African
Depository Receipts (`DRs`) equivalent to 32 633 436 `A` bearer shares in
Compagnie Financiere Richemont SA. Accordingly, PIC`s holding indirectly
represents 3.13 per cent of the voting rights in Compagnie Financiere Richemont
SA.
Each `A` bearer share in Compagnie Financiere Richemont SA with a par value of
CHF 1.00 is twinned with one participation certificate in Richemont SA of no par
value to form one Richemont `A` unit in bearer form.
Richemont South African Depository Receipts are issued by Richemont Securities
AG, a wholly-owned subsidiary of Compagnie Financiere Richemont SA. In its
capacity as depository, Richemont Securities AG holds one `A` bearer share in
safe custody for every 10 Richemont DRs in issue.
The information contained in this press release is not considered to be price
sensitive.
Richemont owns a portfolio of leading international brands or `Maisons`, which
are managed independently of one another, recognising their individuality and
uniqueness. The businesses operate in five areas: Jewellery Maisons, being
Cartier and Van Cleef & Arpels; Specialist watchmakers, which is made up of
Jaeger-LeCoultre, Piaget, IWC, Baume & Mercier, Vacheron Constantin, Officine
Panerai and A. Lange & Sohne; Writing instrument Maisons, being Montblanc and
Montegrappa; Leather and accessories Maisons, being Alfred Dunhill and Lancel;
and Other businesses, which includes, specifically, Chloe as well as other
smaller Maisons and watch component manufacturing activities for third parties.
In addition to its luxury goods business, Richemont holds a 19.3 per cent
interest in British American Tobacco.
Richemont `A` equity units are listed on SWX Swiss Exchange and traded on
virt-x.
26 February 2008
Date: 26/02/2008 08:00:25 Produced by the JSE SENS Department.
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