CFR - Compagnie Financiere Richemont SA Depositary Receipts - Richemont
CFR
CFR
CFR - Compagnie Financiere Richemont SA Depositary Receipts - Richemont
Annual General Meeting 2011
Compagnie Financiere Richemont SA Depositary Receipts
issued by Richemont Securities SA
(Incorporated in Switzerland)
ISIN: CH0045159024
Depositary Receipt Code: CFR
PRESS RELEASE
(EMBARGOED FOR RELEASE AT 15h00 CET)
RICHEMONT ANNUAL GENERAL MEETING 2011
DECISIONS OF THE MEETING AND BOARD OF DIRECTORS
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 2011.
A dividend of CHF 0.450 per share will be paid on the listed `A` bearer
shares and a dividend of CHF 0.045 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 15 September 2011 against presentation of coupon
number 14, free of charges but subject to Swiss withholding tax at 35 %. The
remaining available retained earnings of the Company, after payment of the
dividend, are to be carried forward to the next business year.
All other matters on the agenda were approved by the shareholders.
During the general meeting, the Chairman 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 non-executive
directors with immediate effect. Mr Josua Malherbe has been appointed
Chairman of the Board`s Audit Committee, replacing Mr Yves-Andre Istel. Mr
Istel will continue to serve on the Audit Committee.
Press enquiries:
Mr Alan Grieve
Director of Corporate Affairs
Tel. +41 22 721 3507
Analysts` enquiries:
Ms Sophie Cagnard
Head of Investor Relations
Tel. +33 1 5818 2597
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
7 SEPTEMBER 2011
Date: 07/09/2011 15:00:02 Produced by the JSE SENS Department.
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