| Wed 15 Oct 2008, 17:30 | | RCH - Richemont - Timing Of Commencement Of Trading In De-Twinned Securities |
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RCH
RCH
RCH - Richemont - Timing Of Commencement Of Trading In De-Twinned Securities
Richemont Securities AG
(Incorporated in Switzerland)
Share code: RCH
ISIN: CH0013157380
("Richemont")
TIMING OF COMMENCEMENT OF TRADING IN DE-TWINNED SECURITIES
Further to the announcement made by Richemont on 9 October 2008 regarding the
restructuring of Richemont and the distribution of ordinary shares in British
American Tobacco plc, Richemont would like to inform Unitholders of the timing
of the commencement of trading in `A` ordinary shares issued by Compagnie
Financiere Richemont SA ("CFR") and ordinary shares to be issued by Reinet
Investments S.C.A. ("Reinet").
The listing of the CFR `A` shares on SIX Swiss Exchange will take effect and
trading of CFR `A` shares (separate from the participation certificates issued
by Richemont S.A.) on SWX Europe Limited will commence at 9.00 am (Central
European Time) on Tuesday 21 October 2008. Trading in depositary receipts in
respect of the CFR `A` shares on the exchange operated by JSE Limited in South
Africa (the "JSE") will also commence at 9.00 am (Central European Time and
South African Standard Time).
The delivery of Reinet shares to former Richemont unitholders on the morning
of 21 October 2008 involves interaction between several independent clearing
and settlement systems and there are various steps involved in the crediting
and reconciliation of various accounts. Accordingly, whilst the listing of the
Reinet shares on the Luxembourg Stock Exchange (and of depositary receipts in
respect of the Reinet shares on the JSE) will take effect at 9.00 am (CET and
SAST), trading in the Reinet shares (and the Reinet depositary receipts) will
commence at 12.00 noon (CET and SAST) on 21 October 2008.
The times and dates set out above in this announcement may be subject to
change as a result of events outside Richemont`s or Reinet`s control which may
delay or affect the timing of certain events. Richemont or, where relevant,
Reinet will issue a public notice in the event that any change is made to the
above times and dates.
Copies of the Information Memorandum published on 15 August 2008, the listing
prospectus in respect of Reinet and announcements may (subject to certain
restrictions) be downloaded from the Richemont website (www.richemont.com).
15 OCTOBER 2008
Further information:
Press Mr Alan Grieve Analysts` Ms Sophie Cagnard
enquiries: inquiries:
Director of Head of Investor
Corporate Affairs Relations
Tel: +41 22 721 Tel. +33 1 5818
3507 2597
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, A. Lange & Sohne and Roger Dubuis; Writing instrument manufacturers -
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 currently holds a 19.5 per
cent interest in British American Tobacco.
Richemont `A` equity units are currently listed on SIX Swiss Exchange and
traded on SWX Europe. Each `A` unit comprises one share issued by Compagnie
Financiere Richemont SA, Geneva and one participation certificate issued by
Richemont SA, Luxembourg.
Limitations of this announcement
This announcement is not intended for distribution to, or use by any person or
entity in any jurisdiction or country where such distribution or use would be
contrary to local law or regulations. This announcement does not constitute
nor does it form part of any offer or invitation to buy, sell, exchange or
otherwise dispose of, or issue, or any solicitation of any offer to sell or
issue, exchange or otherwise dispose of, buy or subscribe for, any securities,
nor does it constitute investment, legal, tax, accountancy or other advice or
a recommendation with respect to such securities, nor does it constitute the
solicitation of any vote or approval in any jurisdiction, nor shall there be
any offer or sale of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the applicable securities laws of any such jurisdiction (or under
exemption from such requirements).
In particular, the information contained herein does not constitute an offer
of securities for sale in the United States. None of the securities described
or directly or indirectly referred to in this announcement have been and nor
will they be registered under the US Securities Act of 1933, as amended (the
"Securities Act"). Such securities may not be offered or sold in the United
States or to, or for the account or benefit of, US persons (as such terms are
defined in Regulation S under the Securities Act) unless registered under the
Securities Act or pursuant to an exemption from such registration. If and to
the extent that any such securities may be deemed to be offered or sold as a
result of the transactions described in this announcement, such securities are
being offered and sold only to persons in offshore transactions outside the
United States in accordance with Regulation S under the Securities Act. This
announcement has not been and may not be disseminated or distributed by any
person in the United States or to US persons.
Neither Reinet Investments SCA nor Reinet Fund SCA, FIS have been approved by
the Swiss Federal Banking Commission as a foreign collective investment scheme
pursuant to Article 120 of the Swiss Collective Investment Schemes Act of 23
June 2006.
Date: 15/10/2008 17:30:02 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.
