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CFR
CFR
CFR - Compagnie Financiere Richemont SA Depositary Receipts - Richemont
announces Share Buy-Back Programme
Compagnie Financiere Richemont SA Depositary Receipts
issued by Richemont Securities SA
(Incorporated in Switzerland)
ISIN: CH0045159024
Depositary Receipt Code: CFR
RICHEMONT ANNOUNCES SHARE BUY-BACK PROGRAMME
Richemont announces a programme to buy-back up to 10 million Richemont `A`
shares through the market over the next two years, representing 1.7 % of the
capital and 1.0 % of the voting rights of Compagnie Financiere Richemont SA.
Purchases may be effected through share purchases on SIX Swiss Exchange and the
purchase of depository receipts on the Johannesburg market at prevailing market
prices or through the exercise of over-the-counter call options. The `A` shares
acquired will not be cancelled and no second trading line will be introduced as
a consequence of the buy-back programme. The `A` shares to be acquired will be
held in treasury to hedge awards to executives under the Group`s stock option
plan.
Richemont currently holds 24.3 million `A` shares, representing 4.2 % of the
capital and 2.3 % of the voting rights of the Company, in treasury as a
consequence of previous buy-back programmes, which have also been linked to the
Group`s stock option plan. In addition, Richemont holds over-the-counter call
options to acquire a further 4.2 million `A` shares, representing 0.7 % of the
capital and 0.4 % of the voting rights of the Company.
Further information:
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
Richemont "A" shares are listed on the SIX Swiss Exchange, Richemont`s primary
listing, and are included in the Swiss Market Index (`SMI`) of leading stocks.
Richemont South African Depository Receipts are listed in Johannesburg,
Richemont`s secondary listing.
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
16 MAY 2012
Date: 16/05/2012 07:30:02 Produced by the JSE SENS Department.
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