| Fri 17 Apr 2009, 17:45 | | REI - Reinet Investments S.C.A. Depositary Receipts - Net asset value of |
|
REI
REI
REI - Reinet Investments S.C.A. Depositary Receipts - Net asset value of
Reinet Fund S.C.A. F.I.S. as at 31 March 2009
Reinet Investments S.C.A. Depositary Receipts
issued by Richemont Securities AG
(Incorporated in Switzerland)
ISIN: CH0045793657
Depositary Receipt Code: REI
PRESS RELEASE
17 APRIL 2009
Net asset value of Reinet Fund S.C.A. F.I.S. as at 31 March 2009
Reinet Investments S.C.A.`s wholly-owned subsidiary, Reinet Fund S.C.A. F.I.S.
has today announced its net asset value as at 31 March 2009 as follows:
Quote
Reinet Fund S.C. A. F.I.S. (`the Fund`)
Net asset value statement as at 31 March
As at 31 March 2009, the net asset value (`NAV`) of Reinet Fund S.C.A. F.I.S.
amounted to Euro 1 847.96 million.
This valuation reflects the Fund`s holding of 84 303 670 shares in British
American Tobacco p.l.c., its cash resources and other assets net of
liabilities and accrued expenses. The assets and liabilities have been
revalued to fair value as at 31 March 2009. The NAV calculation has not been
audited.
The entire ordinary share capital of the Fund is owned by Reinet Investments
S.C.A., a Luxembourg company incorporated as a securitisation vehicle. In
addition, 1 000 management shares in the Fund are held by Reinet Fund Manager
SA.
The net asset position of the Fund is a substantial element of the
consolidated balance sheet of Reinet Investments S.C.A. at 31 March. However,
the consolidated balance sheet of Reinet Investments will reflect other parent
company assets or liabilities, including amounts payable to or receivable from
the Fund. As such, the net asset value of Reinet Investments S.C.A. will
differ from that of the Fund.
Unquote
Reinet Investments SCA ordinary shares are listed on the Luxembourg Stock
Exchange and Reinet Depository Receipts (`DRs`), each representing a one tenth
interest in a Reinet Investments S.C.A. ordinary share, are listed on the
Johannesburg stock exchange.
It is anticipated that the preliminary announcement of the results of Reinet
Investments S.C.A. for the year ended 31 March 2009 will be made in mid-May
2009 and that the audited, consolidated financial statements of the Company
will be published by end-June 2009.
Reinet Investments Manager S.A.
for and on behalf of Reinet Investments S.C.A.
Website: www.reinet.com
Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 17/04/2009 17:45:10 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.
