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REI
REI
REI - Reinet Investments S.C.A. Depositary Receipts - Net asset value of
Reinet Fund S.C.A. F.I.S. as at 30 September 2009
Press Release
Reinet Investments S.C.A. Depositary Receipts
issued by Richemont Securities AG
(Incorporated in Switzerland)
ISIN: CH0045793657
Depositary Receipt Code: REI
("the Company")
Net asset value of Reinet Fund S.C.A. F.I.S. as at 30 September 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 30 September 2009 as
follows:
Quote
Reinet Fund S.C.A. F.I.S. (`the Fund`)
Net asset value statement as at 30 September 2009
As at 30 September 2009, the net asset value (`NAV`) of Reinet Fund S.C.A.
F.I.S. amounted to Euro 2 257.4 million. This reflects an increase of Euro
170.3 million over the NAV as at 30 June 2009 and is some 22 per cent above
the NAV as at 31 March 2009.
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 30 September 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 30 September
2009. However, the consolidated balance sheet of Reinet Investments S.C.A.
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 S.C.A. 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 interim financial statements of Reinet
Investments S.C.A. for the period ended 30 September 2009 will be published
in mid-November 2009 and that the interim report of the Company will be
distributed in early December 2009.
Reinet Investments Manager S.A.
for and on behalf of Reinet Investments S.C.A.
Website: www.reinet.com
14 OCTOBER 2009
Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 14/10/2009 17:30:01 Produced by the JSE SENS Department.
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