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RCH
RCH
Richemont - Proposed dividend dates for holders of South African DRs 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 1.10 per unit this
year. This comprises the regular dividend of Euro 0.60 per unit, an increase of
20 per cent over the prior year, together with a special dividend of Euro 0.50
per unit. The regular dividend will be paid jointly by Richemont SA, Luxembourg
- which will pay Euro 0.55 per unit - and Compagnie Financiere Richemont SA
("CFR") - which will pay Euro 0.05 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 0.0325 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 5.500 - 5.500
Compagnie Financiere
Richemont SA 0.500 0.175 0.325
Richemont SA -
special dividend 5.000 - 5.000
Total 11.000 0.175 10.825
The exchange rate applicable for the conversion of euro into rand for the
payment of the dividends will be announced on SENS on Friday 8 September 2006.
The payment dates in respect of the dividend in respect of the South African DRs
are as follows:
Finalisation date Friday, 8 Sept 2006
Last date to trade "cum dividend" Friday, 15 Sept 2006
Trading commences "ex-dividend" from the
commencement of business on Monday, 18 Sept 2006
DR dividend record date Friday, 22 Sept 2006
DR dividend payment date Friday, 29 Sept 2006
DR Holders may not dematerialise or rematerialise their holding of Richemont DRs
between Monday, 18 September 2006 and Friday, 22 September 2006, both days
inclusive.
With regard to the audited results for the year ended 31 March 2006, DR holders
are advised that the text of the preliminary results announcement is available
on the Richemont website www.richemont.com. The annual financial statements and
proxy voting forms for the annual general meeting will be distributed to holders
on Friday 28 July 2006 and contain no modifications to the audited results which
were published on SENS on 8 June 2006. The electronic version of the annual
report will also be available on the Richemont website from Friday 28 July 2006.
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.
13 July 2006
Merchant bank and sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 13/07/2006 11:20:13 AM Produced by the JSE SENS Department
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