| Mon 15 Dec 2008, 8:53 | | REI - Reinet Investments S.C.A. Depositary Receipts - Reinet rights issue - |
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REI
REI
REI - Reinet Investments S.C.A. Depositary Receipts - Reinet rights issue -
Final status of the exercise of warrants
Reinet Investments S.C.A. Depositary Receipts
issued by Richemont Securities AG
(Incorporated in Switzerland)
ISIN: CH0045793657
Depositary Receipt Code: REI
Reinet rights issue - Final status of the exercise of warrants
Reference is made to the announcement published on 11 December, 2008 with
respect to the estimated status of the exercise of warrants issued by Reinet
Investments S.C.A. ("Reinet") as at 11 December, 2008.
The purpose of this announcement is to confirm the status of unexercised
warrants and the number of subscription rights that will be sold at the auction
to be held on Monday, 15 December 2008 in Luxembourg. Information as to the
exercise of warrants on behalf of holders of South African warrant receipts has
now been received. The figures provided are still subject to final confirmation
but are not expected to change materially.
A total of 108 856 270 warrants were issued by the Company. Of these,
101 163 357 warrants, representing 92.93 per cent of the total, have been
exercised.
The final number of unexercised warrants as at 12 December, 2008 is therefore
7 692 913. Consequently, 7 692 913 subscription rights will be sold at the
auction. Every five subscription rights entitle the holder to subscribe for four
Reinet ordinary shares. Subscription rights purchased at the auction must be
exercised immediately.
The auction will be held at 11.00 am at the registered office of the Luxembourg
Stock Exchange, avenue de la Porte Neuve, L-2227 Luxembourg. The auction will be
conducted by Mr Carlos Calvo, huissier de justice, Luxembourg. Parties wishing
to bid at the auction must appoint a member of the Luxembourg Stock Exchange to
represent them at the auction, which will not be open to the public.
The terms of the auction were set out in a prospectus dated 14 November 2008,
which may (subject to certain restrictions) be downloaded from the Reinet
website (www.reinet.com) and in the press announcement dated 9 December 2008.
Copies of these documents are available on the Reinet website and on the website
of the Luxembourg Stock Exchange (www.bourse.lu).
Further information:
Mr Alan Grieve
Chief Financial Officer
Reinet Investments SCA
Tel: +352 22 7252
12th December 2008
Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Persons wishing to continue to receive press releases and related announcements
in respect of Reinet Investments SCA are asked to register to receive these by
visiting the Reinet website (www.reinet.com) and entering their email details.
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: 15/12/2008 08:53:24 Produced by the JSE SENS Department.
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