| Wed 9 Sep 2009, 15:06 | | CFR - Compagnie Financiere Richemont SA Depositary Receipts - Richemont Annual |
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CFR
CFR
CFR - Compagnie Financiere Richemont SA Depositary Receipts - Richemont Annual
General Meeting 2009
Compagnie Financiere Richemont SA Depositary Receipts
issued by Richemont Securities AG
(Incorporated in Switzerland)
ISIN: CH0045159024
Depositary Receipt Code: CFR
RICHEMONT ANNUAL GENERAL MEETING 2009
DECISIONS OF THE MEETING
At the Annual General Meeting of Compagnie Financiere Richemont SA (`the
Company` or `the Group`) the held today in Geneva, the shareholders approved
the results for the year, including the proposals of the board of directors
for the appropriation of retained earnings at 31 March 2009.
A dividend of CHF 0.30 per Richemont share will be paid on the `A` bearer
shares of Compagnie Financiere Richemont SA. The dividend will be payable on
14 September 2009 against presentation of coupon number 12, free of charges
but subject to Swiss withholding tax at 35 per cent. No dividend will be paid
on `A` bearer shares held in treasury by the Group.
In respect of the dividend to be paid on Compagnie Financiere Richemont SA
Depositary Receipts, the payment dates and amounts were announced on 4
September 2009.
The remaining available retained earnings of the Company at 31 March 2009 of
CHF 1 670 309 826, after payment of the dividend, will be carried forward to
the next business year.
All other matters on the agenda were approved by the shareholders. All the
serving members of the board of directors were re-elected.
At the meeting, the Chairman indicated that Mr Josua Malherbe, former deputy
Chairman of VenFin Limited and Dr Frederick Mostert, Richemont`s Lead Counsel
and Chief Intellectual Property Counsel would be proposed for election to the
Board at the 2010 meeting.
Press enquiries: Mr Alan Grieve
Director of Corporate Affairs
Tel: +41 22 721 3507
Analysts` inquiries: Ms Sophie Cagnard
Head of Investor Relations
Tel: +33 1 5818 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 Maison -
Montblanc; 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 October 2008, Richemont spun off its investment in British American Tobacco
together with some Euro 350 million in cash and a portfolio of other smaller
investments to Reinet Investments SCA, Luxembourg.
Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Compagnie Financiere Richemont SA
50, Chemin de la Chenaie CH-1293 Bellevue - Geneva Switzerland
Telephone +41 (0)22 721 3500 Telefax +41 (0)22 721 3550 www.richemont.com
9 September 2009
Date: 09/09/2009 15:06:01 Produced by the JSE SENS Department.
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