| Mon 13 Jul 2009, 15:10 | | CFR - Compagnie Financiere Richemont SA Depositary Receipts - Proposed |
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CFR
CFR
CFR - Compagnie Financiere Richemont SA Depositary Receipts - Proposed
dividend dates for holders of South African depository receipts ("DRs") and no
change statement
Compagnie Financiere Richemont SA Depositary Receipts
issued by Richemont Securities AG
(Incorporated in Switzerland)
ISIN: CH0045159024
Depositary Receipt Code: CFR
("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
Compagnie Financiere Richemont SA, Switzerland ("CFR") to holders of Richemont
`A` shares and is payable in rand. The Board of CFR decided to recommend the
payment of an ordinary dividend of CHF 0.30 per `A` share. The dividend
payable by CFR will be subject to Swiss withholding tax of 35 per cent,
resulting in a net dividend of CHF 0.195 per share. As DR`s trade in the ratio
of 10 DRs to each Richemont `A` share, the entitlement per DR is as follows:
Gross dividend per Withholding tax Net dividend in
DR in Swiss francs at 35% in Swiss Swiss francs
francs
Total 0.0300 0.0105 0.0195
The exchange rate applicable for the conversion of Swiss francs into rand for
the payment of the dividends will be announced on SENS on Friday 4 September
2009.
The payment dates in respect of the dividend of the South African DRs are as
follows:
Finalisation date Friday, 4 Sept 2009
Last date to trade "cum dividend" (`LDT`) Friday, 11 Sept 2009
Trading commences "ex-dividend" from the Monday, 14 Sept 2009
commencement of business on
DR dividend record date Friday, 18 Sept 2009
DR dividend payment date Friday, 25 Sept 2009
DR Holders may not dematerialise or rematerialise their holding of Richemont
DRs between Monday, 14 September 2009 and Friday, 18 September 2009, both days
inclusive.
With regard to the audited results for the year ended 31 March 2009, DR
holders are advised that the text of the preliminary results announcement and
the annual report are available on the Richemont website www.richemont.com.
The annual financial statements and proxy voting forms for the annual general
meeting were distributed to DR holders on Wednesday 1 July 2009 and contain no
modifications to the audited results which were published on SENS on 14 May
2009.
Richemont Securities AG Depository Receipts are issued subject to the terms of
the Deposit Agreement dated 25 August 1988 as amended on 18 December 1992, 28
September 2001 and 7 August 2008. By holding Depository Receipts, 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 Limited.
13 July 2009
Merchant bank and sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 13/07/2009 15:10:05 Produced by the JSE SENS Department.
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