Richemont Securities AG - Disclosure of Shareholdi
Richemont Securities AG - Disclosure of Shareholdings Pursuant to Art. 21 SESTA
Richemont Securities AG
(Incorporated in Switzerland)
JSE Code : RCH
ISIN: CH0013157380
Compagnie Financiere Richemont SA, Geneva
Disclosure of Shareholdings Pursuant to Art. 21 SESTA
Compagnie Financiere Rupert, a partnership limited by shares ("societe en
commandite par actions", "Kommanditaktiengesellschaft") with registered office
at Rigistrasse 2, 6300 Zug advised Compagnie Financiere Richemont SA ("the
Company") in December 2000 that, together with members of the shareholder group
directly related to it ("the Shareholder Group") it then held 50.45% of the
voting rights in the Company. Compagnie Financiere Rupert itself held 5"220"000
"B" registered shares representing 50% of the voting rights in the Company,
whilst other members of the Shareholder Group held 46"869 "A" bearer shares
representing 0.45% of the voting rights in the Company.
In November 2001, the Company split its shares in the ratio 100:1 such that
Compagnie Financiere Rupert"s holding increased to 522 000 000 `B" registered
shares and the holding of `A" shares by members of the Shareholder Group
increased in the same proportion. The effective interest in the voting rights
remained unchanged.
The Shareholder Group of Compagnie Financiere Rupert comprised six companies
beneficially owned by members of the Rupert, Hertzog and Hoogenhout families, by
their close associates or by trusts linked to those families as well as a
foundation established for the benefit of former employees. The members of the
Shareholder Group were bound by the terms of a shareholders" agreement.
Pursuant to the terms of the shareholders" agreement referred to above, the
Rupert family, through their existing investment company, has exercised its
option to acquire from the other members of the Shareholder Group those shares
in Compagnie Financiere Rupert, which it did not already own. The acquisition
will be effected through the exchange of shares in Compagnie Financiere Rupert
for Richemont `A" units, as provided for in the shareholders" agreement. The
former members of the Shareholder Group will, accordingly, no longer have any
interest in Compagnie Financiere Rupert but will remain as shareholders in the
Company through their interest in the `A" units.
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