Capital structure

Compagnie Financière Richemont SA is domiciled in Switzerland with its registered office at:

50 chemin de la Chênaie
CP30
1293 Bellevue Geneva
Switzerland

The following provides a summary of the information contained in the current Corporate Governance Report:

Shares

There are 522 000 000 A registered shares, with a par value of CHF 1.00 each, and 522 000 000 B registered shares, with a par value of CHF 0.10 each, in issue. Richemont A shares are listed and traded on the SIX Swiss Exchange.

The ISIN of Richemont A shares is CH0210483332 and the Swiss 'Valorennummer' is 21048333.

The B shares are not listed and represent 9.1% of the equity of the Company. The 522 000 000 Richemont B registered shares are held by Compagnie Financière Rupert.

Share buyback programmes

The Group repurchases shares through the market to meet obligations under stock option plans for executives. The last Richemont share buyback programme expired on 20 May 2020. Expired programmes can be consulted on the share buybacks page.

Richemont holds 9.1 million A shares in treasury as at 31 March 2020. Those shares represent 1.6% of the capital and 0.9% of the voting rights of the Company.

Voting rights

Holders of Richemont A shares may attend and vote at meetings of shareholders of Compagnie Financière Richemont SA. They may attend in person or may appoint a third party to represent them at the meeting. There is no limit on the number of shares that may be held by any given party nor any restriction on the voting rights attached to those shares.

Richemont B shares control 50% of the votes at meetings of shareholders of Compagnie Financière Richemont SA.

South African Depository Receipts

Richemont Securities SA, a wholly owned subsidiary, acts as Depository for the issuance, transfer and cancellation of Richemont South African Depository Receipts (DRs), which are traded on the Johannesburg Stock Exchange. DRs trade in the ratio of 10 DRs to each Richemont A share. The terms and conditions applicable to DRs are set out in the Deposit Agreement entered into between Richemont Securities SA, as Depository, and Compagnie Financière Richemont SA as issuer.

Transferability of shares

Transfers of the listed A shares are not subject to transfer restrictions. To qualify for voting rights, the shares must be registered at the record date in either the owner's name or by a nominee which has fulfilled the disclosure requirements set out in the Company's Articles of Incorporation.

Transfers of the unlisted B shares in Compagnie Financière Richemont SA, which are held solely by Compagnie Financière Rupert, must be approved by the Board of Directors of the Company.

Significant shareholders

As at 31 March 2020, Compagnie Financière Rupert is the only significant shareholder (3% or more of the voting rights) with 5 221 000 A shares and the 522 000 000 B registered shares representing 10% of the equity of the Company and controlling 51% of the Companies voting rights. As at 31 March 2020, there were no other significant shareholders in the Company. Disclosure notifications by significant shareholders of the Company can be viewed on the SIX Swiss Exchange's website. Parties associated with Mr Johann Rupert and Compagnie Financière Rupert held a further 2 836 664 A shares or A share equivalents at 31 March 2020.

Cross shareholdings

Richemont does not hold an interest in any company which is itself a shareholder in the Group.