| Thu 10 Jul 2008, 8:00 | | RCH - Richemont Securities AG - Proposed Dividend Dates For Holders Of South |
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RCH
RCH
RCH - Richemont Securities AG - Proposed Dividend Dates For Holders Of South
African Depository Receipts ("DRs") 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 Boards of
these companies decided to recommend the payment of an ordinary dividend of
Euro 0.780 per unit, an increase of 20 per cent over the prior year`s level.
The dividend will be paid jointly by Richemont SA, Luxembourg - which will
pay Euro 0.720 per unit - and Compagnie Financiere Richemont SA ("CFR") -
which will pay Euro 0.060 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 0.039 per unit. 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
per DR in euro at 35% in euro in euro cents
cents cents
Richemont SA 7.20 - 7.20
Compagnie
Financiere 0.60 0.21 0.39
Richemont SA
Total 7.80 0.21 7.59
The exchange rate applicable for the conversion of euro into rand for the
payment of the dividends will be announced on SENS on Friday 5 September
2008.
The payment dates in respect of the dividend of the South African DRs are as
follows:
Finalisation date Friday, 5 Sept 2008
Last date to trade "cum dividend" Friday, 12 Sept 2008
(`LDT`)
Trading commences "ex-dividend" Monday, 15 Sept 2008
from the commencement of business
on
DR dividend record date Friday, 19 Sept 2008
DR dividend payment date Friday, 26 Sept 2008
DR Holders may not dematerialise or rematerialise their holding of Richemont
DRs between Monday, 15 September 2008 and Friday, 19 September 2008, both
days inclusive.
With regard to the audited results for the year ended 31 March 2008, 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 11 July 2008 and contain no modifications
to the audited results which were published on SENS on 22 May 2008. The
electronic version of the annual report will also be available on the
Richemont website from Friday 11 July 2008.
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 (Pty) Limited.
10 July 2008
Merchant bank and sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 10/07/2008 08:00:02 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
