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RCH
RCH
Richemont Securities AG - Extension of the current unit buy-back programme to
February 2008
Richemont Securities AG
(Incorporated in Switzerland)
Share code: RCH
ISIN: CH0013157380
("Richemont")
PRESS RELEASE
21 FEBRUARY 2006
EXTENSION OF THE CURRENT UNIT BUY-BACK PROGRAMME TO FEBRUARY 2008
Richemont announces an extension to its programme to buy back Richemont `A"
units through the market for a further two-year period until Friday, 22 February
2008.
On 25 February 2004, the Group announced a programme to buy back up to
10 million `A" units over a two-year period to 24 February 2006. To date, only 5
million `A" units have been repurchased under the terms of this programme. The
Board of Compagnie Financiere Richemont SA has therefore decided to extend the
programme for a further two years on the same terms.
The `A" units to be acquired will be held in treasury in connection with awards
to executives under the Group"s stock option plan. Purchases will be effected on
Richemont"s behalf by Lehman Brothers, London through both the Virt-x and
Johannesburg markets at prevailing market prices. The `A" units will not be
cancelled and no second trading line will be introduced as a consequence of the
buy-back programme. Regular information as to the buy-back programme will be
made available through the SWX Swiss Exchange.
Richemont owns a portfolio of leading international brands or `Maisons", which
are managed independently of one another, recognising their individuality and
uniqueness. The businesses operate in five areas: Jewellery Maisons, being
Cartier and Van Cleef & Arpels; Specialist watchmakers, which is made up of
Jaeger-LeCoultre, Piaget, IWC, Baume & Mercier, Vacheron Constantin, Officine
Panerai and A. Lange & Sohne; Writing instrument manufacturers - Montblanc and
Montegrappa; Leather and accessories Maisons, being Alfred Dunhill and Lancel;
and Other businesses, which includes, specifically, Chloe as well as other,
smaller Maisons and watch component manufacturing activities for third parties.
In addition to its luxury goods business, Richemont holds an 18.6 per cent
interest in the ordinary share capital of British American Tobacco.
Further enquiries : Mr Alan Grieve
Director of Corporate Affairs
Compagnie Financiere Richemont SA
Tel. +41 22 721 3507
Compagnie Financiere Richemont SA
50 Chemin de la Chenaie
CH-1293 Bellevue, Geneva
Switzerland
Tel : +41 (0)22 721 3500
Fax : +41 (0)22 721 3550
www.richemont.com
21 February 2006
Sponsor
RAND MERCHANT BANK
(A division of FirstRand Bank Limited)
Date: 21/02/2006 08:00:03 AM Produced by the JSE SENS Department
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