Richemont 'A' units are listed on the SWX Swiss Exchange and traded on the virt-x electronic exchange, which is owned by SWX. Any stockbroker or bank should be able to buy or sell 'A' units for you. The Richemont securities reference number on SWX ('Valorennummer') is 001273145 and the ISIN code 'CH0012731458'. The reference on Reuters is 'CFR.VX' and on Bloomberg 'CFR VX'. Richemont South African Depository Receipts are traded on the JSE Securities Exchange South Africa. The ISIN code is CH0013157380 and the Reuters reference 'RCHJ.J' / Bloomberg reference 'RCH SJ'.
What is the unitholder structure and what is the number of outstanding units?
Richemont has 522 million 'A' bearer units and 52.2 million 'B' units in issue. The 'A' units are listed on the SWX Swiss Exchange and are traded on the virt-x market in London. The 'B' units are not listed and are held by Compagnie Financière Rupert.
Can I convert my Johannesburg Depository Receipts (JDRs) into 'A' units? If so, how?
Subject to the provisions of prevailing exchange control regulations in South Africa, JDRs may be converted into 'A' units and vice versa in the ratio of 10 JDRs for each 'A' unit.
For further information about the exchange process, please contact:
Computershare Investor Services 2004 (Pty) Limited 70 Marshall Street PO Box 61051 Marshalltown 2107 Johannesburg South Africa
What is the difference between a unit and an equity share?
Reflecting the historical development of the Group, Richemont 'A' units are each made up of one share issued by Compagnie Financière Richemont SA indivisibly twinned with one participation certificate issued by its subsidiary, Richemont SA, Luxembourg. It is not possible to trade the share separately from the participation certificate. The twinned unit is the security that is listed on the SWX Swiss Exchange and units are traded in exactly the same manner as normal shares.
Richemont pays a dividend each September after the Annual General Meeting has been held. View details of the 2007 dividend. Holders of 'A' units who have them deposited with their bank or broker will typically have the dividend payment collected for them by the bank and credited to their account. If the 'A' unit certificates are held by the investor it will be necessary to deliver the relevant dividend coupon to one of the paying agent banks: UBS AG, Lombard Odier Darier Hentsch & Cie and Pictet & Cie.
Holders of South African Depository Receipts will have the dividend paid to them through the STRATE system or by the Company's transfer agent in South Africa:
Computershare Investor Services 2004 (Pty) Limited 70 Marshall Street PO Box 61051 Marshalltown 2107 Johannesburg South Africa
Is there any withholding tax on the payment of dividends?
Up until 2004, dividends were only paid by Richemont SA Luxembourg. Dividends paid by Richemont SA Luxembourg are not subject to withholding tax. Since 2005, in addition to the dividends paid by Richemont SA Luxembourg, Compagnie Financière Richemont SA has also paid a dividend. Dividends paid by Compagnie Financière Richemont SA are subject to Swiss withholding tax at 35%. In accordance with the double taxation treaties between Switzerland and the unitholder's country of residence, part of this tax may be recoverable. Special arrangements have been made for holders of depository receipts resident in South Africa.
The 2007 AGM will be held in Geneva on 13th September. Only holders of 'A' units may attend the meeting. In line with usual practice in respect of bearer units, the 'A' units must be deposited with a bank during the period up to the date of the meeting. Entry cards are then issued to the bank for delivery to the investor. Unitholders may appoint a proxy to represent them at the meeting. The Company or the specially appointed independent representative may also represent unitholders at the meeting.
Holders of South African Depository Receipts may not attend the AGM but can give voting instructions to Richemont Securities, the issuer of the Depository Receipts, to represent them at the meeting.
Of the 522 million 'A' units, Richemont currently holds some 13.1 million in treasury in order to hedge the Group's obligations in terms of the Executive Stock Option plan.
You can download the annual report (pdf) or request a printed copy. If you are requesting a printed copy please indicate whether you would like to receive only the current year's annual report or whether you would like to be added to the permanent mailing list.
Richemont was formed in 1988, when the Rembrandt Group spun off its non-South African operations into the new entity. Those interests were principally a 30 per cent interest in Rothmans International and a minority interest in Cartier, Piaget and Baume & Mercier. Although Richemont is a relatively 'young' business, its underlying businesses have a long and distinguished history. Cartier was founded by Louis Cartier in 1847 and many of the Group's watch brands were established in Switzerland during the 19th century. Vacheron Constantin, the world's oldest watchmaker in continuous production, was established in 1755.
Richemont does not publish details of vacancies online. If you would like to apply for a specific Maison, please submit a recent curriculum vita directly to the Maison of your interest.
If you are interested in opportunities within Richemont’s corporate functions or our regional shared services structure, please submit your details.
Job opportunities are available worldwide. However, if you wish to be considered for work in a country other than your country of origin, or other than your current place of work, please ensure you have the relevant work permit for that country.
Whilst geographical preferences will be taken into account, qualified applicants with a valid relevant work permit for that geographical area will take precedence.
What career development prospects does Richemont offer?
Richemont Human Resources recognizes the importance of nurturing talent and encourages employees to actively pursue their professional and personal development.
In addition, a priority is to promote the growth of international careers.
Positions available within Richemont are often international and cover all corporate functions: General Management, Finance, Retail Development, IT, Marketing, Sales & Distribution, Logistics & Operations, Human Resources, etc.
Do you offer Internships or Graduate Training programmes?
To submit a request for consideration, please address your application directly to the Maison of your interest. For internship opportunities within Richemont’s corporate functions or our regional shared services structure, please submit your details.
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