| Fri 5 Aug 2005, 9:24 | | Richemont- Proposed Dividend Dates |
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Richemont- Proposed Dividend Dates For Holders Of South African Depository
Receipts And No Change Statement
Richemont Securities AG
(Incorporated in Switzerland)
Share code: RCH
ISIN: CH0013157380
(`Richemont`)
RICHEMONT SECURITIES AG - PROPOSED DIVIDEND DATES FOR HOLDERS OF SOUTH AFRICAN
DEPOSITORY RECEIPTS (`DRs`) AND NO CHANGE STATEMENT
The dividend payable to holders of Richemont Securities` DRs resident in the
South African Common Monetary Area is derived from the dividend paid by
Richemont SA, Luxembourg and Compagnie Financiere Richemont SA, Switzerland to
holders of Richemont `A` units and is payable in rand. The Board of Directors of
these companies have recommended a total dividend of Euro 1.00 per unit this
year. This comprises the regular dividend of Euro 0.50 per unit, an increase of
25 per cent over the prior year, together with a special dividend, funded from
the proceeds of the liquidation of the BAT preference shareholding, of Euro 0.50
per unit. The regular dividend will be paid jointly by Richemont SA, Luxembourg
- which will pay Euro 0.46 per unit - and Compagnie Financiere Richemont SA
(`CFR`) - which will pay Euro 0.04 per unit. The dividend payable by CFR will be
subject to Swiss withholding tax of 35 per cent, resulting in a net dividend of
Euro 0.26 per unit. The special dividend will be payable by Richemont SA,
Luxembourg. No withholding tax will be deductible in respect of the dividends
payable by Richemont SA, Luxembourg. As DR`s trade in the ratio of 10 DRs to
each Richemont `A` unit, the entitlement per DR is as follows:
Gross dividend Withholding tax Net dividend in
per DR in euro at 35% in euro euro cents
cents cents
Richemont SA 4.60 - 4.60
Compagnie Financiere
Richemont SA 0.40 0.14 0.26
Richemont SA -
special dividend 5.00 - 5.00
Total 10.00 0.14 9.86
The exchange rate applicable for the conversion of euro into rand for the
payment of the dividends will be announced on SENS on Friday 9 September 2005.
The payment dates in respect of the dividend in respect of the South African DRs
are as follows:
Finalisation date Friday, 9 Sept 2005
Last date to trade `cum dividend`
(`LDT`) Friday, 16 Sept 2005
Trading commences `ex-dividend` from
the commencement of business on
Monday, 19 Sept 2005
DR dividend record date Friday, 23 Sept 2005
DR dividend payment date Friday, 30 Sept 2005
DR Holders may not dematerialise or rematerialise their holding of Richemont DRs
between Monday, 19 September 2005 and Friday, 23 September 2005, both days
inclusive.
With regard to the audited results for the year ended 31 March 2005, DRs holders
are advised that the annual financial statements and proxy voting forms for the
annual general meeting have been distributed to holders today, 5 August 2005 and
contain no modifications to the audited results which were published on SENS on
9 June 2005. Holders requiring additional proxy voting forms should contact
Computershare Investor Services 2004 (Pty) Limited 70 Marshall Street,
Johannesburg, 2001 telephone number (011) 370 7700. The electronic version of
the annual report is available from today on the Richemont website
www.richemont.com.
Richemont Securities AG DRs are issued subject to the terms of the Deposit
Agreement dated 25 August 1988, as amended and, by holding DRs, investors
acknowledge that they are bound by the terms of the Deposit Agreement. Copies of
the Deposit Agreement may be obtained by investors from Richemont Securities AG
or Computershare Investor Services 2004 (Pty) Limited.
5 August 2005
Merchant bank and sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 05/08/2005 07:51:42 AM
Produced by the JSE SENS Department
