| Wed 8 Sep 2010, 15:06 | | CFR - Compagnie Financiere Richemont SA Depositary Receipts - Press Release |
|
CFR
CFR
CFR - Compagnie Financiere Richemont SA Depositary Receipts - Press Release
Compagnie Financiere Richemont SA Depositary Receipts
issued by Richemont Securities AG
(Incorporated in Switzerland)
ISIN: CH0045159024
Depositary Receipt Code: CFR
PRESS RELEASE - 8 SEPTEMBER 2010
(EMBARGOED FOR RELEASE AT 15h00 CET)
RICHEMONT ANNUAL GENERAL MEETING 2010
DECISIONS OF THE MEETING
At the Annual General Meeting of Compagnie Financiere Richemont SA 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 2010.
A dividend of CHF 0.350 per share will be paid on the listed `A` bearer shares
and a dividend of CHF 0.035 per share will be paid on the unlisted `B`
registered shares of the Company. The dividend in respect of the `A` shares
will be payable on 16 September 2010 against presentation of coupon number 13,
free of charges but subject to Swiss withholding tax at 35 per cent.
The remaining available retained earnings of the Company at 31 March 2010 of
CHF 1 600 466 093, after payment of the dividend, are to be carried forward to
the next business year.
All other matters on the agenda, including the election of the proposed board
of directors and revisions to the Company`s Articles of Incorporation, were
approved by the shareholders. In addition to the members of the board standing
for re-election, the shareholders appointed Mr Josua Malherbe, Dr Frederick
Mostert, Mr Guillaume Pictet, Me Dominique Rochat and Mr Gary Saage to the
Board.
During the general meeting, the Chairman also announced that the board meeting
held earlier in the day had approved the recommendations of its Nominations
Committee with regard to the responsibilities of certain directors with
immediate effect. Mr Yves-Andre Istel had been appointed Deputy Chairman of
the Board; Mr Yves-Andre Istel had been appointed Chairman of the Board`s
Audit Committee; Josua Malherbe had been appointed to the Board`s Audit
Committee; and Lord Douro had been appointed to the Board`s Compensation
Committee.
Press Mr Alan Grieve Analysts` Ms Sophie Cagnard
enquiries: Director of Corporate enquiries: Head of Investor
Affairs Relations
Tel: +41 22 721 3507 Tel: +33 1 5818 2597
Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Compagnie Financiere Richemont SA
50, Chemin de la Chenaie 1293 Bellevue - Geneva Switzerland
Telephone +41 (0)22 721 3500 Telefax +41 (0)22 721 3550
www.richemont.com
8 SEPTEMBER 2010
Date: 08/09/2010 15:06:02 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.
