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Richemont Securities AG - Annual general meeting 2005 - decisions of the meeting
Richemont Securities AG
(Incorporated in Switzerland)
(Registration CH-170.3.013.861-6)
JSE Code : RCH
ISIN: CH0013157380
RICHEMONT ANNUAL GENERAL MEETING 2005 - 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 2005.
A dividend of Euro 0.04 per Richemont unit will be paid to unitholders on the
share capital of Compagnie Financiere Richemont SA. The dividend will be payable
on 19 September 2005 against presentation of coupon number 5, free of charges
but subject to Swiss withholding tax at 35 per cent. This represents a total
dividend payable of Euro 22 968 000. The Swiss franc equivalent of this amount,
calculated at the exchange rate prevailing as at the time of the Annual General
Meeting, is Sfr 35 474 076. The remaining available retained earnings of the
Company at 31 March 2005, after payment of the dividend, will be carried
forward.
In addition, a dividend of Euro 0.96 will be paid by Richemont SA, Luxembourg, a
wholly-owned subsidiary of Compagnie Financiere Richemont SA. This consists of
an ordinary dividend of Euro 0.46 and a special dividend of Euro 0.50 per unit
and will be payable without deduction of withholding taxes or charges, on 19
September 2005, against presentation of coupon number 4.
The total dividend for the year, payable by both entities, will therefore be
Euro 1.00, before deduction of withholding tax.
The shareholders of Compagnie Financiere Richemont SA re-elected the serving
members of the board of directors and, in addition, appointed Mr Norbert Platt,
Group Chief Executive Officer, and Ms Martha Wikstrom to the Board.
Richemont owns a portfolio of leading international brands including Cartier,
Van Cleef & Arpels, Alfred Dunhill, Montblanc and Lancel as well as the
prestigious watch manufacturers Jaeger-LeCoultre, Piaget, Baume & Mercier, IWC,
Vacheron Constantin, A.Lange & Sohne, and Officine Panerai.
In addition to its luxury goods business, Richemont holds an 18.5 % interest in
British American Tobacco.
Press inquiries:
Mr Alan Grieve, Director of Corporate Communications
Tel: + 41 22 715 3736
Analysts` inquiries:
Ms Sophie Cagnard-Fabrici, Head of Investor Relations
Tel: +33 1 5818 2597
Geneva, 15 September 2005
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 15/09/2005 11:30:04 AM
Produced by the JSE SENS Department
