Richemont Securities AG - Disclosure Of Significan
RCH
RCH
Richemont Securities AG - Disclosure Of Significant Holding Of Compagnie
Financiere Richemont Sa `A" Bearer Shares In Accordance With Article 20 Of The
Swiss Federal Stock Exchange Act
Richemont Securities AG
(Incorporated in Switzerland)
Share code: RCH
ISIN: CH0013157380
("Richemont")
DISCLOSURE OF SIGNIFICANT HOLDING OF COMPAGNIE FINANCIERE RICHEMONT SA `A"
BEARER SHARES IN ACCORDANCE WITH ARTICLE 20 OF THE SWISS FEDERAL STOCK EXCHANGE
ACT
The following announcement was released today in accordance with the disclosure
requirements of the SWX Swiss Exchange.
Compagnie Financiere Richemont SA has been advised by Public Investment
Corporation Limited (`PIC"), Private Bag X187, Pretoria 0001, Republic of South
Africa that accounts under its management hold Richemont South African
Depository Receipts (`DRs") equivalent to 52 559 740 `A" bearer units in
Compagnie Financiere Richemont SA. Each `A" bearer share in Compagnie Financiere
Richemont SA with a par value of CHF 1.00 is twinned with one participation
certificate in Richemont SA of no par value to form one Richemont `A" Unit in
bearer form.
Richemont South African Depository Receipts are issued by Richemont Securities
AG, a wholly-owned subsidiary of Compagnie Financiere Richemont SA. In its
capacity as depository, Richemont Securities AG holds one `A" bearer share in
safe custody for every 10 Richemont DRs in issue.
Accordingly, PIC"s holding indirectly represents 5.03 % of the voting rights in
Compagnie Financiere Richemont SA.
The information contained in this press release is not considered to be price
sensitive.
Geneva, 18 May 2006
Notes for editors
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 British American Tobacco.
Date: 18/05/2006 09:03:01 AM Produced by the JSE SENS Department
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