| Wed 5 Nov 2008, 14:24 | | REI / CFR - Reinet / Compagnie Financiere Richemont - Revised Timetable |
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CFR REI
CFR REI
REI / CFR - Reinet / Compagnie Financiere Richemont - Revised Timetable
For Rights Issue
Reinet Investments S.C.A. Compagnie Financiere Richemont
Depositary Recepits SA Depositary Receipts
issued by Richemont Securities AG issued by Richemont Securities
(Incorporated in Switzerland) AG
ISIN: CH0045793657 (Incorporated in Switzerland)
Depositary Receipt Code: REI ISIN: CH0045159024
Depositary Receipt Code: CFR
REVISED TIMETABLE FOR RIGHTS ISSUE
Further to the announcement of 4 November 2008 that the Board of
Reinet Investments Manager SA has decided to postpone the pricing
and launch of the planned rights issue by one week, the purpose of
this announcement is to provide information on the revised timetable
of the issue.
Revised timetables in respect of the issue of warrants to subscribe
for additional Reinet shares and South African warrant receipts are
set out in Appendices 1 and 2 to this announcement respectively. The
revised timetables amend and replace the provisional dates
previously published in an announcement by Reinet and Compagnie
Financiere Richemont SA on 24 October 2008 and in the prospectus
published by Reinet on 10 October 2008.
Further information:
Mr Alan Grieve
Chief Financial Officer
Reinet Investments SCA
Tel: +41 22 721 3507
5 NOVEMBER 2008
Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
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.
Appendix 1
Detailed settlement timetable for Reinet rights issue
Although the clearing and settlement systems have agreed to certain
procedures to facilitate the settlement of the transactions described
below and the trading of the relevant securities among their
participants, they are under no obligation to perform or to continue to
perform these procedures, and these procedures may be discontinued at
any time. None of Reinet or any of its respective affiliates or agents
will have any responsibility for the performance by the clearing and
settlement systems or their respective participants of their
obligations under the rules and procedures governing their operations.
For the avoidance of doubt, in light of the decision to postpone the
pricing and launch of the planned rights issue by one week, contrary to
what was announced on 24 October 2008 and in the timetable included in
the prospectus published by Reinet on 10 October 2008, there will be no
blocking of the conversion of Reinet Shares into Reinet DRs (and vice
versa) on Thursday 6 November 2008 and Friday 7 November 2008.
2008
Conversion of Reinet shares into Reinet DRs Thursday 13 November
and Reinet DRs into Reinet shares blocked. and Friday 14
Exchange request forms must be lodged by November
13h00 CET on Wednesday, 12 November 2008
Publication of the rights offering Friday 14 November
prospectus
Record date for Reinet shareholders with Friday 14 November
respect to warrants entitlement
Warrants commence trading on the Luxembourg Monday 17 November
Stock Exchange
First day of warrants exercise period Monday 17 November
Conversion of warrants into warrant receipts Thursday 4 December
and warrant receipts into warrants blocked
from
Last day to trade warrants on the Luxembourg Friday 5 December
Stock Exchange
Last practicable day of warrants exercise Wednesday 10 December
period in respect of dematerialised warrants
Last day of warrants exercise period Friday 12 December
Auction of unexercised warrants on the Monday 15 December
Luxembourg Stock Exchange
BAT Shares in respect of rights bought at Tuesday 16 December
the auction to have been received by the
Company by (See Note 1)
Settlement date for new Reinet shares Wednesday 17 December
Notes:
1. If BAT Shares have not been delivered in respect of the rights
exercised under the terms of the Warrant Auction by 3 p.m. Central
European Time on Tuesday 16 December, the subscription rights
representing such warrants shall pass to the underwriters. The
purchaser of such rights at the warrant auction shall still be
liable to pay the price due for having purchased such rights at
the warrant auction.
2. The timetable above and the dates shown elsewhere in this
announcement may be subject to change as a result of events
outside Reinet`s control which may delay or affect the timing of
certain events. Reinet will issue a public notice in the event
that any change is made to the above timetable.
Appendix 2
Detailed settlement timetable for dealings in Reinet warrant receipts
in South Africa
Although the clearing and settlement systems have agreed to certain
procedures to facilitate the settlement of the transactions described
below and the trading of the relevant securities among their
participants, they are under no obligation to perform or to continue to
perform these procedures, and these procedures may be discontinued at
any time. None of Reinet or any of its respective affiliates or agents
will have any responsibility for the performance by the clearing and
settlement systems or their respective participants of their
obligations under the rules and procedures governing their operations.
Capitalised and settlement terms used in this timetable will have the
same meaning as those contained in the document called "Supplementary
Pre-Listing Information Document on Reinet Investments SCA", dated 10
October 2008.
For the avoidance of doubt, in light of the decision to postpone the
pricing and launch of the planned rights issue by one week, contrary to
what was announced on 24 October 2008 and in the timetable included in
the prospectus published by Reinet on 10 October 2008, there will be no
blocking of the conversion of Reinet Shares into Reinet DRs (and vice
versa) on Thursday 6 November 2008 and Friday 7 November 2008.
2008
Conversion of Reinet shares into Reinet DRs Thursday 13 November
and Reinet DRs into Reinet shares blocked. and Friday 14 November
Exchange request forms must be lodged by
13h00 CET on Wednesday, 12 November 2008
Publication of the rights offering Friday 14 November
prospectus on or about
Last day to trade in Reinet DRs on the JSE Friday 14 November
to be eligible for the rights offering
proposed by Reinet
First day of the warrant receipts exercise Monday 17 November
period
Warrant receipts listed and commence trading Monday 17 November
on the JSE
Record date on the JSE to be eligible for Friday 21 November
the rights offering
Forms of instruction in respect of warrant Monday 24 November
receipts posted to certificated warrant
receipt holders only on
Conversion of warrants into warrant receipts Thursday 4 December
and warrant receipts into warrants blocked
from
Last day to trade in warrant receipts on the Friday 5 December
JSE on
Last practicable day for the exercise of Wednesday 10 December
warrant receipts by dematerialised warrant
receipt holders (See Note 3)
Last day for the exercise of warrant Friday 12 December
receipts by certificated warrant receipt
holders by 11.00 (SAST)
Record date on the JSE for the rights Friday 12 December
offering and closing of the rights offering
on the JSE
Auction of unexercised warrants on the Monday 15 December
Luxembourg Stock Exchange (see Note 1)
BAT Shares in respect of rights bought at Tuesday 16 December
Warrant Auction to have been received by the
Company by (see Note 1)
Commencement of trading of the new Reinet Wednesday 17 December
DRs on the JSE to be issued pursuant to the
Rights Offering
Dematerialised Reinet DR holders accounts Wednesday 24 December
with their broker or CSDP updated with new
Reinet DRs on
Certificates in respect of the Reinet DRs, Wednesday 24 December
new Reinet DRs to be issued pursuant to the
exercise of warrant receipts and BAT shares
will be posted to those certificated former
Richemont DR holders who have surrendered
their Richemont DR certificates to the
depositary agent on or about
Notes
1. South African parties who wish to participate in the Warrant
Auction in Luxembourg are advised that if their BAT Shares have not
been delivered in respect of the rights exercised under the terms of
the Warrant Auction by 3 p.m. Central European Time on Tuesday 16
December, the subscription rights representing such warrants shall pass
to the underwriters. The purchaser of such rights at the warrant
auction shall still be liable to pay the price due for having purchased
such rights at the warrant auction. Please also note that Tuesday 16
December is a public holiday in South Africa.
2. Computershare Investor Services (Proprietary) Limited ("Transfer
Secretaries"), the South African transfer secretaries have withheld the
certificates in respect of BAT shares to which a certificated Reinet DR
holder was entitled pursuant to the reduction of capital of Reinet to
facilitate the rights offering proposed by Reinet. To the extent that
a certificated warrant receipts holder wishes to exercise his or her
warrant receipts, it must instruct the Transfer Secretaries to deliver
the correct number of BAT share certificates to the warrant depositary
agent by returning a completed form of instruction in respect of
warrant receipts to the Transfer Secretaries by 11:00 am on Friday 12
December 2008
3. Dematerialised warrant receipt holders are advised that, in terms
of standard market practice, dematerialised warrant receipt Holders
must instruct their CSDP or broker to exercise their warrant receipts
by the cut-off time requested by their CSDP or broker in accordance
with the custody agreement entered into between them. Certificated
warrant receipt holders may exercise their warrant receipts in
accordance with their terms by 11:00 (SAST) on Friday 12 December 2008.
4. These dates and times are subject to change. Any material change
will be released on SENS.
Compagnie Financiere Richemont SA Reinet Investments SCA
50 chemin de la Chenaie 35 boulevard Prince Henri
1293 Bellevue, Geneva L 1724 Luxembourg
Switzerland Luxembourg
Date: 05/11/2008 14:24:53 Produced by the JSE SENS Department.
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